SOUTHERN CA PUBLIC SAFETY RETIREE MED TRUST (EIN 206815931) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

DAVID KIMMET

Phone

8008728979

Tax Period

2024-02-01 to 2025-01-31

SOUTHERN CA PUBLIC SAFETY RETIREE MED TRUST, founded in 2006, is a small nonprofit in the Mutual Benefit sector that reported $915K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $429K, a strong 47% operating margin.

Mission

THE TRUST PROVIDES FOR REIMBURSEMENTS TO RETIRED BENEFICIARIES OF HEALTH INSURANCE PREMIUMS AND QUALIFIED MEDICAL EXPENSES PAID BY THE BENEFICIARY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $423,120

Investment Income $491,524

Other Revenue $0

TOTAL REVENUE $914,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $191,505

TOTAL EXPENSES $485,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$914,644	$744,194	+0.2%
Expenses	$485,722	$399,602	+0.2%
Net Income	$428,922	$344,592	+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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL RONGAVILLA	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH WILSON	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
MARK VEGA	TRUSTEE	1.0	Director	$0	$0	$0
DAVID TRAN	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT TORRANCE	CO-CHAIRPERSON	1.0	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
2025	$914,644	$485,722	$8,951,974	$428,922
2024	$744,194	$399,602	$7,874,639	$344,592
2023	$546,601	$388,255	$7,085,287	$158,346
2022	$748,763	$390,431	$7,715,085	$358,332
2021	$1,149,365	$322,038	$6,806,951	$827,327
2020	$632,573	$297,698	$6,057,369	$334,875
2019	$680,013	$232,534	$5,106,704	$447,479

SOUTHERN CA PUBLIC SAFETY RETIREE MED TRUST