Medical Expense Reimbursement Plan of the Burbank Employees Retiree Medical Trust (EIN 016231970) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

ROBERT KACZMAREK TRUSTEE

Phone

2134062330

Tax Period

2023-01-01 to 2023-12-31

Medical Expense Reimbursement Plan of the Burbank Employees Retiree Medical Trust, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $5.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.9M, a strong 54% operating margin.

Mission

the medical expense reimbursement plan of burbank employees retiree medical trust was established by agreement between the city of burbank employees coalition and the city of burbank for the purpose of funding retiree health benefits.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,819,815

Investment Income $2,557,247

Other Revenue $0

TOTAL REVENUE $5,377,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $497,301

TOTAL EXPENSES $2,470,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,377,062	$4,706,807	+0.1%
Expenses	$2,470,983	$2,319,097	+0.1%
Net Income	$2,906,079	$2,387,710	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$788,910

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK DI LIBERTO	TRUSTEE	3.0	Director	$0	$21,048	$178,745
CHRIS WHITE	Trustee	3.0	Director	$0	$16,550	$154,428
PEDRO MEJIA	TRUSTEE	3.0	Director	$0	$45,695	$127,513
GRISELDA SANDOVAL	TRUSTEE	3.0	Director	$0	$33,948	$121,729
ROBERT KACZMAREK	TRUSTEE	3.0	Director	$0	$18,632	$105,872
GRISELDA DE LA CRUZ	Trustee	3.0	Director	$0	$23,100	$100,623
BARRY HELLER	Trustee	3.0	Director	$0	$0	$0
Theresa Kaczmarek	TRUSTEE	3.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$5,377,062	$2,470,983	$50,444,870	$2,906,079
2022	$4,706,807	$2,319,097	$44,155,771	$2,387,710
2021	$8,466,338	$2,256,225	$51,589,228	$6,210,113
2020	$5,357,614	$2,155,585	$44,056,616	$3,202,029
2019	$3,902,033	$1,946,328	$38,595,147	$1,955,705
2018	$3,776,359	$1,901,607	$31,391,592	$1,874,752

Medical Expense Reimbursement Plan of the Burbank Employees Retiree Medical Trust