CITY OF SOUTH SAN FRANCISCO RETIREE HRA (EIN 465297770) - 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

2013

Legal Domicile

Principal Officer

KAREN CHANG

Phone

6508778522

Tax Period

2023-01-01 to 2023-12-31

CITY OF SOUTH SAN FRANCISCO RETIREE HRA, founded in 2013, is a community nonprofit in the Mutual Benefit sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.0M, a strong 50% operating margin.

Mission

ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES FUNDS IN THE HEALTH REIMBURSEMENT ARRANGEMENT ARE USED TO REIMBURSE QUALIFIED MEDICAL EXPENSES FOR ORGANIZATION EMPLOYEES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $861,669

Investment Income $1,155,638

Other Revenue $0

TOTAL REVENUE $2,017,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $840,620

TOTAL EXPENSES $1,016,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,017,307	$7,869,778	-0.7%
Expenses	$1,016,408	$1,187,560	-0.1%
Net Income	$1,000,899	$6,682,218	-0.9%

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
MIKE KILMARTIN	MEMBER	N/A	Director	$0	$0	$0
STEPHEN LEW	MEMBER	N/A	Director	$0	$0	$0
MICH MERCADO	MEMBER	N/A	Director	$0	$0	$0
JUAN PEREZ	MEMBER	N/A	Director	$0	$0	$0
JAVIER VASQUEZ	MEMBER	N/A	Director	$0	$0	$0
KAREN CHANG	FINANCE DIRE	N/A	Officer	$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	No data	No data	No data	No data
2023	$2,017,307	$1,016,408	$7,683,117	$1,000,899
2022	$7,869,778	$1,187,560	$6,682,218	$6,682,218
2021	$1,428,901	$239,119	$6,932,229	$1,189,782
2020	$1,105,853	$422,797	$5,742,446	$683,056
2019	$1,522,415	$664,348	$5,059,390	$858,067

CITY OF SOUTH SAN FRANCISCO RETIREE HRA