SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST (EIN 454698959) - 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

2011

Legal Domicile

Principal Officer

DEBRA BEVIER

Phone

5098223624

Tax Period

2024-04-01 to 2025-03-31

SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST, founded in 2011, is a mid-sized nonprofit in the Mutual Benefit sector that reported $63.3M in total revenue in fiscal year 2024. Revenue surged 138% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48.9M, a strong 77% operating margin.

Mission

TO PROVIDE EMPLOYEE WELFARE BENEFITS FOR PARTICIPANTS AND THEIR COVERED DEPENDENTS.

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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 $17,243,128

Investment Income $46,028,583

Other Revenue $0

TOTAL REVENUE $63,271,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $492,075

TOTAL EXPENSES $14,332,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,271,711	$26,610,228	+1.4%
Expenses	$14,332,681	$12,890,166	+0.1%
Net Income	$48,939,030	$13,720,062	+2.6%

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

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

$367,712

Total Directors

$768,816

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ZUCCHET	SECRETARY	1.00	Officer Director	$0	$37,105	$367,712
JOEL TIEN	TRUSTEE	1.00	Director	$0	$27,900	$225,167
MICHAEL CARR	TRUSTEE	1.00	Director	$0	$16,076	$136,337
MAT KOSTRINSKY	TRUSTEE	1.00	Director	$0	$0	$39,600
DEBRA BEVIER	CHAIRPERSON	1.00	Officer 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	$63,271,711	$14,332,681	$288,823,021	$48,939,030
2024	$26,610,228	$12,890,166	$272,233,327	$13,720,062
2023	$21,277,116	$12,343,069	$240,422,787	$8,934,047
2022	$31,450,538	$10,836,298	$249,053,704	$20,614,240
2021	$27,810,860	$9,051,232	$241,533,875	$18,759,628
2020	$28,749,305	$8,329,594	$179,993,093	$20,419,711
2019	$25,715,730	$5,424,176	$171,047,260	$20,291,554

SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST