BAKERSFIELD POLICE BENEFIT ASSOCIA… - 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

1929

Legal Domicile

Principal Officer

BEN STRAND

Phone

6613263196

Tax Period

2024-01-01 to 2024-12-31

BAKERSFIELD POLICE BENEFIT ASSOCIATION, founded in 1929, is a small nonprofit that reported $275K in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $248K left a modest 10% surplus.

Mission

TO PROMOTE SOCIAL WELFARE OF THE COMMUNITY AND TO BENEFIT THE CURRENT AND RETIRED EMPLOYEES OF THE BAKERSFIELD POLICE DEPARTMENT.

Program Service Accomplishments

Program 1

Expenses: $245,093

TO PROMOTE SOCIAL WELFARE OF THE COMMUNITY AND TO BENEFIT THE CURRENT AND RETIRED EMPLOYEES OF THE BAKERSFIELD 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 (2024)

Revenue Breakdown

Contributions & Grants $217,371

Program Service Revenue $0

Investment Income $5,592

Other Revenue $51,658

TOTAL REVENUE $274,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $245,093

Other Expenses $248,167

TOTAL EXPENSES $248,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,621	$1,026,900	-0.7%
Expenses	$248,167	$986,670	-0.7%
Net Income	$26,454	$40,230	-0.3%

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
JEFF BURDICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
DIDI ZAMORA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BEN STRAND	TREASURER	6.00	Officer Director	$0	$0	$0
YNEZ ANGELONI	SECRETARY	2.00	Officer 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	$274,621	$248,167	$810,565	$26,454
2023	$1,026,900	$986,670	$780,315	$40,230
2022	$945,027	$902,278	$748,029	$42,749
2021	$803,847	$738,428	$676,223	$65,419
2020	$754,589	$676,244	$786,672	$78,345
2019	$784,232	$716,908	$708,327	$67,324
2018	$755,869	$734,424	$641,003	$21,445

BAKERSFIELD POLICE BENEFIT ASSOCIATION