SAN DIEGO COUNTY PUBLIC SAFETY RET… - 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

2014

Legal Domicile

Principal Officer

HealthInvest HRA

Phone

8443425505

Tax Period

2024-01-01 to 2024-12-31

SAN DIEGO COUNTY PUBLIC SAFETY RETIREE MEDICAL TRUST, founded in 2014, is a community nonprofit in the Mutual Benefit sector that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.7M, a strong 68% operating margin.

Mission

THE PRIMARY PURPOSE OF THE TRUST IS TO PAY A PORTION OR ALL OF THE COST ASSOCIATED WITH HEALTH INSURANCE PREMIUMS OR MEDICAL EXPENSES INCURRED BY APPROXIMATELY 5,800 RETIREES, THEIR DEPENDENTS AND OR THEIR BENEFICIARIES.

Program Service Accomplishments

Program 1

Expenses: $786,403

REIMBURSEMENT OF RETIREES HEALTH INSURANCE PREMIUMS OR MEDICAL EXPENSES.

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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 $2,930,345

Investment Income $1,000,419

Other Revenue $0

TOTAL REVENUE $3,930,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $786,403

Other Expenses $465,863

TOTAL EXPENSES $1,252,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,930,764	$3,523,017	+0.1%
Expenses	$1,252,266	$977,554	+0.3%
Net Income	$2,678,498	$2,545,463	+0.1%

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
VERONICA LIMON	TRUSTEE	2.0	Officer Director	$0	$0	$0
BRIAN BARNUM	TRUSTEE	2.0	Director	$0	$0	$0
TIMOTHY RICHARDS	CHAIR	2.0	Director	$0	$0	$0
MIKE O'DEANE	TRUSTEE	2.0	Director	$0	$0	$0
SCOTT STALLMAN	TRUSTEE	2.0	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
2024	$3,930,764	$1,252,266	$33,897,016	$2,678,498
2023	$3,523,017	$977,554	$28,909,264	$2,545,463
2022	$3,330,933	$771,996	$23,507,252	$2,558,937
2021	$3,352,107	$745,285	$25,508,006	$2,606,822
2020	$4,344,513	$645,399	$20,441,094	$3,699,114
2019	$4,040,028	$435,047	$15,894,677	$3,604,981
2018	$2,830,709	$466,476	$11,347,843	$2,364,233

SAN DIEGO COUNTY PUBLIC SAFETY RETIREE MEDICAL TRUST