Californias Valued Trust
501(c)(9)
Only null% goes to programs Growing revenue
Californias Valued Trust is a 501(c)(9) organization based in Fresno, California, registered in 1988, with $917,130,736 in FY2024 revenue. CharityIndex grades it B+.
520 E Herndon Ave, Fresno, CA, 93720 EIN 77-6009955 Since 1988
Revenue (FY2024)
$917.1M
▲ 8.3% vs prior year
Expenses (FY2024)
$961.4M
Net assets
$83.6M
Employees
40
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Californias Valued Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Californias Valued Trust: 1 mo reserves · -5% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Californias Valued Trust: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Californias Valued Trust: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide health and welfare benefits for eligible employees, retirees and their dependents.
Contact & location
- Address
- 520 E Herndon Ave, Fresno, CA, 93720
- City
- Fresno
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $584.1M (FY2013) to $917.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $113.1MNet assets $83.6M
Operating margin
-4.8%
Spent more than it raised in the latest fiscal year.
Total assets
$196.7M
Total liabilities
$113.1M
Net assets
$83.6M
Salaries & benefits
$7.1M
1% of expenses
Board members
10
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $917,130,736▲8.3% | $961,368,515▲7.0% | $83,600,532▼35.1% | $196,659,654▼16.7% | 990 |
| 2023 | $846,775,532▲4.9% | $898,191,185▲9.9% | $128,759,236▼17.2% | $236,142,276▼7.3% | 990 |
| 2022 | $807,561,352▲4.1% | $817,257,825▲8.5% | $155,459,897▲2.7% | $254,768,905▲6.1% | 990 |
| 2021 | $775,584,606▼6.8% | $753,539,698▼8.7% | $151,378,976▼6.7% | $240,185,223▲0.1% | 990 |
| 2020 | $831,896,361▲3.3% | $825,113,435▲9.3% | $162,176,261▲13.4% | $240,041,607▲15.7% | 990 |
| 2019 | $805,304,048▼3.1% | $754,880,529▼7.7% | $143,003,714▲53.0% | $207,508,043▲28.2% | 990 |
| 2018 | $831,031,329▲0.7% | $817,725,860▼1.3% | $93,457,108▲17.4% | $161,910,543▲2.7% | 990 |
| 2017 | $825,409,131▲2.9% | $828,662,858▲6.0% | $79,633,554▼5.5% | $157,635,073▼0.1% | 990 |
| 2016 | $802,457,397▲6.8% | $781,429,149▲3.3% | $84,261,955▲44.4% | $157,830,155▲18.2% | 990 |
| 2015 | $751,482,481▲9.3% | $756,822,072▲9.3% | $58,352,317▲0.2% | $133,577,786▼2.2% | 990 |
| 2014 | $687,528,785▲17.7% | $692,558,146▲14.3% | $58,207,935▼20.6% | $136,602,572▼1.8% | 990 |
| 2013 | $584,088,020 | $605,997,525▲15.2% | $73,305,196▼18.8% | $139,084,972▼2.0% | 990 |
| 2012 | — | $525,863,104▲0.9% | $90,314,944▲28.3% | $141,897,238▲24.4% | 990 |
| 2011 | — | $521,241,675▼5.6% | $70,366,887▲22.9% | $114,075,587▼0.2% | 990 |
| 2010 | — | $551,936,889▲4.5% | $57,234,416▲3.6% | $114,279,129▲7.9% | 990 |
| 2009 | — | $528,184,564 | $55,244,608 | $105,960,246 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Valerie Cornuelle — $288,959 (0.03% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Valerie Cornuelle | Executive Director | 40 | $288,959 |
| Robert Powers | Dir. of Financial Services | 40 | $200,844 |
| Jeff Cornelius | Dir. of Strategic Initiatives | 40 | $164,875 |
| Tierney O'brien | Dir. of Marketing & Bus Dev | 40 | $158,173 |
| Brook Paulsen | It Manager | 40 | $149,175 |
| Brett Cargle | Sr Systems Security Analyst | 40 | $133,008 |
| Chad Woskoski | Business Analyst | 40 | $133,008 |
| Anthony Parreira | Trustee | 4 | $187 |
| Chad Wood | Trustee, Former | 4 | $187 |
| Debra Cole | Trustee | 4 | $187 |
| Elaine Cash | Trustee | 4 | $187 |
| Jennifer Passaglia | Trustee | 4 | $187 |
| Keith Pace | Trustee | 4 | $187 |
| Nancy Smith | Trustee | 4 | $187 |
| Marni Harmon | Trustee, Former | 4 | $140 |
| John Pestorich | Trustee, Former | 4 | $109 |
| Daryl Hemenway | Trustee | 4 | — |
| Halimah Mekki | Trustee | 4 | — |
| Joe Aiello | Trustee | 4 | — |
| Ken Johnson | Trustee | 4 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Anthem Blue Cross | Claims Admin Service | $25,164,104 |
| Delta Dental | Claims Admin Service | $3,910,399 |
| Cvs | Admin Service | $3,398,583 |
| Blue Shield of California | Claims Admin Service | $2,501,306 |
| Vsp | Claims Admin Service | $1,005,141 |
Frequently asked questions
- Is Californias Valued Trust a legitimate nonprofit?
- Yes. Californias Valued Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 77-6009955, based in Fresno, California.
- What is Californias Valued Trust's EIN?
- Californias Valued Trust's Employer Identification Number (EIN) is 77-6009955.
- How much revenue does Californias Valued Trust report?
- Californias Valued Trust reported $917,130,736 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Californias Valued Trust have?
- CharityIndex grades Californias Valued Trust B+, based on financial health (reserves and operating margin).
- How much does Californias Valued Trust's highest-paid employee make?
- The highest reported compensation on Californias Valued Trust's latest Form 990 is $288,959, paid to Valerie Cornuelle (Executive Director).
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Data for Californias Valued Trust (EIN 77-6009955) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.