CALIFORNIA FIREFIGHTERS BENEFIT TR… - 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

2005

Legal Domicile

Principal Officer

BRANDON LUCORE

Phone

5624635000

Tax Period

2022-03-01 to 2023-02-28

CALIFORNIA FIREFIGHTERS BENEFIT TRUST FKA SOUTHERN CA FIREFIGHTERS BENEFIT TRU, founded in 2005, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2022. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.3M, a strong 77% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1

THE TRUST PROVIDED FOR REIMBURSEMENTS TO 282 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,814,458

Investment Income $630,914

Other Revenue $0

TOTAL REVENUE $9,445,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $511,054

TOTAL EXPENSES $2,163,571

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,445,372	$14,115,115	-0.3%
Expenses	$2,163,571	$1,721,329	+0.3%
Net Income	$7,281,801	$12,393,786	-0.4%

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

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
BRANDON LUCORE	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
STEVE VANDEWALLE	TRUSTEE	1.00	Director	$0	$0	$0
JESSE CONNOR	TRUSTEE	1.00	Director	$0	$0	$0
MIKE DETOY	TRUSTEE	1.00	Director	$0	$0	$0
RYAN GARING	TRUSTEE	1.00	Director	$0	$0	$0
DIRK JENSEN	TRUSTEE (THRU 12/22)	1.00	Director	$0	$0	$0
MATT MATHIS	TRUSTEE	1.00	Director	$0	$0	$0
RONALD SAATHOFF	TRUSTEE	1.00	Director	$0	$0	$0
GREG WILSON	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT WILSON	TRUSTEE (AS OF 01/23)	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
2023	$9,445,372	$2,163,571	$73,366,827	$7,281,801
2023	$3,961,744	$81,805,170	No data	$-77,843,426
2022	$14,115,115	$1,721,329	$72,568,992	$12,393,786
2020	$7,665,167	$1,298,974	$51,549,461	$6,366,193
2019	$6,213,160	$1,142,174	$42,209,983	$5,070,986

CALIFORNIA FIREFIGHTERS BENEFIT TRUST FKA SOUTHERN CA FIREFIGHTERS BENEFIT TRU