SANTA MONICA FIREFIGHTERS HEALTH BENEFIT TRUST (EIN 957110165) - 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

2002

Legal Domicile

Principal Officer

Matt Norris

Phone

4257717359

Tax Period

2023-01-01 to 2023-12-31

SANTA MONICA FIREFIGHTERS HEALTH BENEFIT TRUST, founded in 2002, is a community nonprofit in the Mutual Benefit sector that reported $1.0M in total revenue in fiscal year 2023. The organization ran a surplus of $472K, a strong 46% operating margin.

Mission

TO PROVIDE A PORTION OR ALL OF THE REIMBURSEMENT OF PREMIUMS AND MEDICAL EXPENSES FOR CERTAIN RETIRED MEMBERS OF SANTA MONICA FIRE FIGHTERS LOCAL 1109.

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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 $705,241

Investment Income $321,418

Other Revenue $0

TOTAL REVENUE $1,026,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $187,819

TOTAL EXPENSES $554,739

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,026,659	$1,080,655	0.0%
Expenses	$554,739	$472,201	+0.2%
Net Income	$471,920	$608,454	-0.2%

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	Role	Reportable Comp	Other Comp	Total
MATT NORRIS	CHAIRMAN	Director	$0	$0	$0
MATT NICHOLS	TRUSTEE	Director	$0	$0	$0
JASON FREBE	TRUSTEE	Director	$0	$0	$0
PAUL RADOMSKI	TRUSTEE	Director	$0	$0	$0
ERIC WICKLAND	TRUSTEE	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	No data	No data	No data	No data
2023	$1,026,659	$554,739	$11,299,334	$471,920
2022	$1,080,655	$472,201	$9,616,493	$608,454
2021	$1,787,697	$475,707	$11,002,105	$1,311,990
2020	$1,146,540	$463,967	$9,467,971	$682,573
2019	$776,383	$436,997	$8,392,205	$339,386
2018	$801,854	$423,866	$6,912,592	$377,988

SANTA MONICA FIREFIGHTERS HEALTH BENEFIT TRUST