Quick charity verification for Burbank Employees Retiree Medical Tr (EIN: 16231970)
Verdict: Burbank Employees Retiree Medical Tr appears trustworthy
85/100Mission Score
$15.1MRevenue
$55.8MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth, increasing from $24.8 million in 2014 to $50.4 million in 2023.
Zero officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
Low liabilities relative to assets, suggesting strong financial health and stability.
Consistent revenue generation, supporting ongoing operations and asset growth.
AI Transparency Report
The Burbank Employees Retiree Medical Tr demonstrates consistent financial stability and growth, with assets increasing from $24.8 million in 2014 to over $50 million in 2023. The organization consistently reports zero officer compensation, indicating a volunteer or externally managed leadership structure, which can be a positive sign for donor confidence regarding executive pay. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency across programs, administration, and fundraising. Given its NTEE code (Y44 - Employee Benefit Programs), its primary function is likely to manage and disburse retiree medical benefits, which would inherently categorize most of its expenses as programmatic. The consistent growth in assets and relatively low liabilities suggest sound financial management over the past decade.