BEVERLY HILLS FIREMEN'S ASSOC POST- RETIREMENT MEDICAL BENEFIT PLAN & TRUST (EIN 957076179) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

GREG CUMMINGS

Phone

3102781565

Tax Period

2024-01-01 to 2024-12-31

BEVERLY HILLS FIREMEN'S ASSOC POST- RETIREMENT MEDICAL BENEFIT PLAN & TRUST, founded in 1999, is a community nonprofit in the Mutual Benefit sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $609K, a strong 58% operating margin.

Mission

TO PROVIDE POST RETIREMENT MEDICAL CARE, EXPENSES, FAMILY SUPPORT FOR BEVERLY HILLS FIREFIGHTERS AND THEIR FAMILIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,042,708

Other Revenue $0

TOTAL REVENUE $1,042,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $337,004

Other Expenses $97,046

TOTAL EXPENSES $434,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,042,708	$609,936	+0.7%
Expenses	$434,050	$261,239	+0.7%
Net Income	$608,658	$348,697	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
DEREK SANDEMAN	2ND VICE PRESIDENT	1.00	Officer	$0	$0	$0
BRUNO PALMIERI	PRESIDENT	1.00	Officer	$0	$0	$0
GREG CUMMINGS	TREASUER	1.00	Officer	$0	$0	$0
MIKE STANLEY	1ST VICE PREISDENT	2.00	Officer	$0	$0	$0
JIMMY WEINSTEIN	SECRETARY	1.00	Officer	$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	$1,042,708	$434,050	$16,245,288	$608,658
2023	$609,936	$261,239	$14,592,561	$348,697
2022	$331,104	$240,542	$12,788,069	$90,562
2021	$1,972,291	$264,745	$15,606,125	$1,707,546
2020	$477,120	$249,385	$14,332,131	$227,735
2019	$1,007,168	$237,255	$12,603,514	$769,913
2018	$610,798	$214,777	$10,627,830	$396,021

BEVERLY HILLS FIREMEN'S ASSOC POST- RETIREMENT MEDICAL BENEFIT PLAN & TRUST