City of Santa Clara VEBA Postretirement Medical Reimbursement Account Plan Trust (EIN 912156027) - 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

2001

Legal Domicile

Principal Officer

Steven R Sherman

Phone

5098385571

Tax Period

2023-01-01 to 2023-12-31

City of Santa Clara VEBA Postretirement Medical Reimbursement Account Plan Trust, founded in 2001, is a community nonprofit in the Mutual Benefit sector that reported $5.8M in total revenue in fiscal year 2023. Revenue surged 166% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 63% operating margin.

Mission

To provide qualified health and welfare benefits through a health reimbursement arrangement (HRA).

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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 $1,958,377

Investment Income $3,868,685

Other Revenue $0

TOTAL REVENUE $5,827,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $90,847

TOTAL EXPENSES $2,149,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,827,062	$2,194,589	+1.7%
Expenses	$2,149,865	$8,212,254	-0.7%
Net Income	$3,677,197	$-6,017,665	-1.6%

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

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
N/A	Trustee	2.00		$0	$0	$14,448

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	$5,827,062	$2,149,865	$37,639,927	$3,677,197
2022	$2,194,589	$8,212,254	$34,148,874	$-6,017,665
2021	$5,347,183	$2,039,860	$40,078,075	$3,307,323
2020	$6,651,218	$1,808,963	$36,919,220	$4,842,255
2019	$12,510,654	$1,977,823	$31,811,740	$10,532,831
2018	$3,609,507	$2,090,081	$25,992,545	$1,519,426

City of Santa Clara VEBA Postretirement Medical Reimbursement Account Plan Trust