TURLOCK ASSOCIATED POLICE OFFICERS BENEFIT TRUST (EIN 770378683) - 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

1986

Principal Officer

LANCE OLSON

Phone

2098834285

Tax Period

2023-10-01 to 2024-09-30

TURLOCK ASSOCIATED POLICE OFFICERS BENEFIT TRUST, founded in 1986, is a small nonprofit that reported $587K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $308K, a strong 53% operating margin.

Mission

TO PROVIDE PAYMENT OF ALL OR A PORTION OF HEALTH BENEFITS FOR ELIGIBLE RETIRED EMPLOYEES OF THE CITY OF TURLOCK POLICE DEPARTMENT

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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 $422,349

Investment Income $164,317

Other Revenue $0

TOTAL REVENUE $586,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $69,939

TOTAL EXPENSES $278,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$586,666	$479,881	+0.2%
Expenses	$278,596	$267,074	+0.0%
Net Income	$308,070	$212,807	+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

N/A

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	Role	Reportable Comp	Other Comp	Total
LANCE OLSON	Chairman	Director	$0	$0	$0
ROSEMARY HOWSER	Chairman	Director	$0	$0	$0
STEVE CRAWFORD	Trustee	Director	$0	$0	$0
BRANDON BERTRAM	Trustee	Director	$0	$0	$0
LEE WHITMER	Trustee	Director	$0	$0	$0
TIM REDD	Trustee	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	No data	No data	No data	No data
2024	$586,666	$278,596	$5,853,162	$308,070
2023	$479,881	$267,074	$4,562,322	$212,807
2022	$470,224	$225,347	$3,913,226	$244,877
2021	$383,080	$215,600	$4,411,908	$167,480
2020	$399,394	$191,214	$3,600,621	$208,180
2019	$395,531	$160,621	$3,202,711	$234,910
2018	$349,944	$184,343	$2,994,420	$165,601

TURLOCK ASSOCIATED POLICE OFFICERS BENEFIT TRUST