Southern California Gas Company Veba Medical Tr I
501(c)(9)
95% goes to programs Strong reserves Declining revenue
Southern California Gas Company Veba Medical Tr I is a 501(c)(9) organization based in San Diego, California, registered in 1993, with -$4,837,953 in FY2024 revenue. CharityIndex grades it C, and it directs about 95% of spending to programs.
488 8th Ave, San Diego, CA, 92101 EIN 13-3886236 Since 1993
Revenue (FY2024)
-$4.8M
▼ 147.2% vs prior year
Expenses (FY2024)
$32.5M
Net assets
$540.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating95% 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 Southern California Gas Company Veba Medical Tr I: 95% to programs earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating199 mo reserves · -772% 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 Southern California Gas Company Veba Medical Tr I: 199 mo reserves · -772% margin earns a F on this criterion. See the exact thresholds →
CGovernance25% of the rating2 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 Southern California Gas Company Veba Medical Tr I: 2 of 6 checks met earns a C 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 Southern California Gas Company Veba Medical Tr I: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide medical, dental, and life insurance benefits.
Contact & location
- Address
- 488 8th Ave, San Diego, CA, 92101
- City
- San Diego
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $76.4M (FY2013) to -$4.8M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.9MNet assets $540.0M
Operating margin
-771.6%
Spent more than it raised in the latest fiscal year.
Total assets
$541.9M
Total liabilities
$1.9M
Net assets
$540.0M
Salaries & benefits
$35K
0% of expenses
Board members
1
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$4,837,953▼147% | $32,489,836▼2.0% | $540,016,591▼1.4% | $541,911,884▼1.3% | 990 |
| 2023 | $10,242,498▲115% | $33,152,380▲3.7% | $547,495,116▲6.6% | $548,983,094▲5.5% | 990 |
| 2022 | $4,765,199▼83.6% | $31,964,393▲3.1% | $513,741,551▼26.2% | $520,393,559▼25.4% | 990 |
| 2021 | $28,980,873▼34.9% | $31,000,113▼3.2% | $696,256,768▼0.8% | $697,804,805▼0.8% | 990 |
| 2020 | $44,533,165▼64.4% | $32,038,065▼7.5% | $701,989,523▲12.1% | $703,213,141▲11.8% | 990 |
| 2019 | $125,030,169▲53.7% | $34,632,289▲8.5% | $626,078,241▲16.2% | $629,222,463▲15.7% | 990 |
| 2018 | $81,328,321▲239% | $31,924,395▲12.0% | $539,011,453▲6.1% | $543,716,098▲6.9% | 990 |
| 2016 | $23,965,303▼18.0% | $28,502,738 | $508,026,358▲5.8% | $508,728,631▲5.8% | 990 |
| 2015 | $29,213,913▲0.5% | $28,500,181▲5.3% | $480,006,788▼5.6% | $480,792,007▼5.8% | 990 |
| 2014 | $29,077,826▼61.9% | $27,053,343▲8.5% | $508,403,761▲1.3% | $510,414,918▲1.7% | 990 |
| 2013 | $76,402,587 | $24,943,921▲1.7% | $501,871,578▲16.9% | $502,018,061▲17.0% | 990 |
| 2012 | — | $24,537,287▼6.2% | $429,134,606▲12.3% | $429,190,306▲12.3% | 990 |
| 2011 | — | $26,152,874▲9.0% | $382,130,470▲12.2% | $382,161,143▲12.2% | 990 |
| 2010 | — | $23,994,181 | $340,458,098 | $340,484,775 | 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 |
|---|---|---|---|
| Mellon Bank | Trustee | 1 | — |
Frequently asked questions
- Is Southern California Gas Company Veba Medical Tr I a legitimate nonprofit?
- Yes. Southern California Gas Company Veba Medical Tr I is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 13-3886236, based in San Diego, California.
- What is Southern California Gas Company Veba Medical Tr I's EIN?
- Southern California Gas Company Veba Medical Tr I's Employer Identification Number (EIN) is 13-3886236.
- How much revenue does Southern California Gas Company Veba Medical Tr I report?
- Southern California Gas Company Veba Medical Tr I reported -$4,837,953 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Southern California Gas Company Veba Medical Tr I's spending goes to programs?
- Southern California Gas Company Veba Medical Tr I spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Southern California Gas Company Veba Medical Tr I have?
- CharityIndex grades Southern California Gas Company Veba Medical Tr I C, based on program efficiency and fundraising cost.
- How much does Southern California Gas Company Veba Medical Tr I's highest-paid employee make?
- The highest reported compensation on Southern California Gas Company Veba Medical Tr I's latest Form 990 is $0, paid to Mellon Bank (Trustee).
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Data for Southern California Gas Company Veba Medical Tr I (EIN 13-3886236) 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.