Redondo Beach Police Officers Asso… - 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

1996

Legal Domicile

Phone

3105407070

Tax Period

2024-01-01 to 2024-12-31

Redondo Beach Police Officers Association Retire Med Reimb Plan Trust, founded in 1996, is a small nonprofit that reported $402K in total revenue in fiscal year 2024. Revenue surged 114% from the prior year, signaling strong growth momentum. Expenses of $377K left a modest 6% surplus.

Mission

To procure and administer health and welfare benefits for certain retired peace members, surviving spouses and qualified surviving dependents.

Program Service Accomplishments

Program 1

Expenses: $233,515

Payment of qualified health and welfare benefits as set forth in the Plan's Trust Document.

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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 $0

Program Service Revenue $32,268

Investment Income $369,918

Other Revenue $0

TOTAL REVENUE $402,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $233,515

Other Expenses $166,509

TOTAL EXPENSES $377,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$402,186	$187,546	+1.1%
Expenses	$377,344	$454,849	-0.2%
Net Income	$24,842	$-267,303	-1.1%

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

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
Aaron Plugge	Trustee	10.00	Officer Director	$0	$0	$0
Mike Snakenborg	Chairman	10.00	Officer Director	$0	$0	$0
Shawn Freeman	Trustee	10.00	Director	$0	$0	$0
Wayne Windman	Treasurer	10.00	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	$402,186	$377,344	$5,630,962	$24,842
2023	$187,546	$454,849	$4,806,593	$-267,303
2022	$1,184,949	$461,352	$4,231,530	$723,597
2021	$193,068	$291,657	$5,509,609	$-98,589
2020	$302,203	$164,326	$4,616,492	$137,877
2019	$254,973	$160,165	$4,182,678	$94,808
2018	$204,260	$136,957	$3,421,990	$67,303

Redondo Beach Police Officers Association Retire Med Reimb Plan Trust