CITY OF PALMDALE RETIREE HEALTH RE… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

Expenses: $265,903

HEALTH REIMBURSEMENT ARRANGEMENT FUNDED BY THE ORGANIZATION HAD APPROXIMATELY 11 PARTICIPANTS WHO RECEIVED MEDICAL CARE REIMBURSEMENTS IN THE AMOUNT OF $265,903.

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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 $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

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
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

CITY OF PALMDALE RETIREE HEALTH REIMBURSEMENT ARRANGEMENT TRUST