CITY OF PALMDALE RETIREE HEALTH REIMBURSEMENT ARRANGEMENT TRUST

EIN: 272967010 Mutual Benefit

PALMDALE, CA

Total Revenue
$361,757
Total Expenses
$265,903
Total Assets
$4,076,204
Net Assets
$4,076,204
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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
2009
Legal Domicile
CA
Principal Officer
JANELLE SAMSON
Phone
6612675100
Tax Period
2024-01-01 to 2024-12-31

CITY OF PALMDALE RETIREE HEALTH REIMBURSEMENT ARRANGEMENT TRUST, founded in 2009, is a small nonprofit in the Mutual Benefit sector that reported $362K in total revenue in fiscal year 2024. Revenue surged 160% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96K, a strong 26% operating margin.

Mission

TO FUND REIMBURSEMENT OF MEDICAL EXPENSES UNDER HEALTH REIMBURSEMENT ARRANGEMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $210,900
Investment Income $150,857
Other Revenue $0
TOTAL REVENUE $361,757

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $265,903
Other Expenses $0
TOTAL EXPENSES $265,903

Year-over-Year Comparison

2024 2023 Change
Revenue $361,757 $139,320 +1.6%
Expenses $265,903 $218,645 +0.2%
Net Income $95,854 $-79,325 -2.2%
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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES SCHWAB TRUST CO TRUSTEE 1.00
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 $361,757 $265,903 $4,076,204 $95,854
2023 $139,320 $218,645 $3,875,853 $-79,325
2022 $242,001 $241,871 $3,747,813 $130
2020 $239,856 $227,963 $4,132,971 $11,893
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