Ocu Health & Welfare Trust
100% goes to programs Strong reserves Growing revenue
Ocu Health & Welfare Trust is a 501(c)(9) organization based in Covina, California, registered in 2010, with $123,830,070 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
1055 Park View Dr Ste 111, Covina, CA, 91724 EIN 26-1574455 Since 2010
Revenue (FY2024)
$123.8M
▲ 334.9% vs prior year
Membership median: $185K
Expenses (FY2024)
$27.0M
Net assets
$295.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs
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. For Ocu Health & Welfare Trust: 100% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating131 mo reserves · +78% 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 Ocu Health & Welfare Trust: 131 mo reserves · +78% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Ocu Health & Welfare Trust: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Ocu Health & Welfare Trust: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Health & welfare benefits provided to members whose employers contribute to the fund.
Contact & location
- Address
- 1055 Park View Dr Ste 111, Covina, CA, 91724
- City
- Covina
- State
- California
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $32.3M (FY2013) to $123.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.4MNet assets $295.3M
Operating margin
78.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$297.7M
Total liabilities
$2.4M
Net assets
$295.3M
Salaries & benefits
$0
0% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $123,830,070▲335% | $26,996,924▲1.2% | $295,325,973▲8.8% | $297,725,916▲8.7% | 990 |
| 2023 | $28,475,257▼12.2% | $26,667,501▲15.7% | $271,397,844▲12.5% | $273,775,612▲12.6% | 990 |
| 2022 | $32,420,042▲16.0% | $23,051,925▲6.5% | $241,158,617▼12.3% | $243,107,541▼12.1% | 990 |
| 2021 | $27,957,263▲15.7% | $21,642,615▲7.1% | $274,862,508▲12.1% | $276,724,794▲12.1% | 990 |
| 2020 | $24,169,336▼18.7% | $20,205,157▼4.6% | $245,121,003▲11.0% | $246,925,287▲10.8% | 990 |
| 2019 | $29,744,099▼20.1% | $21,181,560▲1.8% | $220,780,931▲17.4% | $222,850,277▲17.2% | 990 |
| 2018 | $37,243,177▲13.1% | $20,813,042▲3.2% | $188,080,544▲1.3% | $190,117,034▲1.1% | 990 |
| 2017 | $32,917,545▼13.0% | $20,166,180▲8.1% | $185,725,903▲20.3% | $188,018,844▲20.1% | 990 |
| 2016 | $37,823,422▼1.6% | $18,655,534▼13.8% | $154,388,953▲20.1% | $156,499,634▲18.7% | 990 |
| 2015 | $38,434,192▲13.2% | $21,648,361▲7.4% | $128,587,700▲11.6% | $131,802,503▲11.8% | 990 |
| 2014 | $33,951,730▲5.2% | $20,148,931▲11.8% | $115,251,990▲18.6% | $117,901,656▲18.5% | 990 |
| 2013 | $32,288,842 | $18,025,289▲18.4% | $97,175,505▲29.6% | $99,510,132▲29.3% | 990 |
| 2012 | — | $15,218,910▼6.0% | $74,956,720▲36.1% | $76,944,077▲34.0% | 990 |
| 2011 | — | $16,197,817▲9.1% | $55,084,266▲31.1% | $57,416,461▲32.0% | 990 |
| 2010 | — | $14,843,321 | $42,020,144 | $43,506,470 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dawn Feikema | Trustee | 10 | — |
| Debbie Karmelich | Trustee | 10 | — |
| John Fageaux | Trustee | 10 | — |
| Kurt Sulzbach | Trustee | 10 | — |
| Megan Ortega | Trustee | 10 | — |
| Rex Mcnamara | Trustee | 10 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pacific Southwest Administrators | Third Party Administrators | $329,029 |
| Anthemblue Cross | Claims Administration | $207,080 |
| Asb Capital Management | Investment Manager | $161,480 |
| Ullico Investment Advisors Inc | Investment Manager | $127,152 |
| Epic Brokers | Benefit Consultant | $122,400 |
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Frequently asked questions
- Is Ocu Health & Welfare Trust a legitimate nonprofit?
- Yes. Ocu Health & Welfare Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 26-1574455, based in Covina, California.
- What is Ocu Health & Welfare Trust's EIN?
- Ocu Health & Welfare Trust's Employer Identification Number (EIN) is 26-1574455.
- How much revenue does Ocu Health & Welfare Trust report?
- Ocu Health & Welfare Trust reported $123,830,070 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Ocu Health & Welfare Trust's spending goes to programs?
- Ocu Health & Welfare Trust spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ocu Health & Welfare Trust have?
- CharityIndex grades Ocu Health & Welfare Trust A, based on program efficiency and fundraising cost.
- How much does Ocu Health & Welfare Trust's highest-paid employee make?
- The highest reported compensation on Ocu Health & Welfare Trust's latest Form 990 is $0, paid to Dawn Feikema (Trustee).
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Data for Ocu Health & Welfare Trust (EIN 26-1574455) 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.