City of Burbank Welfare Benefit Plan Tr

EIN: 954704003

Spokane, WA

Total Revenue
$923,003
Total Expenses
$618,244
Total Assets
$14,745,358
Net Assets
$14,736,186
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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
1997
Legal Domicile
CA
Principal Officer
Steven R Sherman
Phone
5095340600
Tax Period
2024-07-01 to 2025-06-30

City of Burbank Welfare Benefit Plan Tr, founded in 1997, is a small nonprofit that reported $923K in total revenue in fiscal year 2024. The organization ran a surplus of $305K, a strong 33% 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $539,127
Investment Income $383,876
Other Revenue $0
TOTAL REVENUE $923,003

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $71,668
TOTAL EXPENSES $618,244

Year-over-Year Comparison

2024 2023 Change
Revenue $923,003 $943,408 0.0%
Expenses $618,244 $607,489 +0.0%
Net Income $304,759 $335,919 -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

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Governance

Voting Members
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Trustee 2.00
$17,720 $0 $17,720
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 $923,003 $618,244 $14,745,358 $304,759
2024 $943,408 $607,513 $13,244,168 $335,895
2023 $770,515 $574,655 $11,400,316 $195,860
2022 $645,126 $575,838 $10,079,312 $69,288
2021 $4,075,423 $470,314 $11,845,819 $3,605,109
2020 $1,145,438 $512,919 $9,524,051 $632,519
2019 $848,751 $464,804 $8,701,756 $383,947
2018 $734,536 $432,218 $8,017,801 $302,318
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