Burbank Employees Retiree Medical Tr
Burbank Employees Retiree Medical Tr shows consistent asset growth and zero executive compensation over a decade.
EIN: 16231970 · Los Angeles, CA · NTEE: Y44 · Updated: 2026-03-28
Is Burbank Employees Retiree Medical Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Burbank Employees Retiree Medical Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Burbank Employees Retiree Medical Tr
Burbank Employees Retiree Medical Tr (EIN: 16231970) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code Y44. The organization reported total revenue of $15.1M and total assets of $55.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Burbank Employees Retiree Medical Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Burbank Employees Retiree Medical Tr is a large nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$2.9M |
| Total Assets | $50.4M |
| Total Liabilities | $50K |
| Net Assets | $50.4M |
| Operating Margin | 54.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 245.0 months |
Financial Health Grade: A
In 2023, Burbank Employees Retiree Medical Tr reported a surplus of $2.9M with revenue exceeding expenses, holds 245.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Burbank Employees Retiree Medical Tr's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.2% | +6.5% | +14.2% |
| 2022 | -44.4% | +2.8% | -14.4% |
| 2021 | +58.0% | +4.7% | +17.1% |
| 2020 | +37.3% | +10.8% | +14.2% |
| 2019 | +3.3% | +2.4% | +22.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Burbank Employees Retiree Medical Tr with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Burbank Employees Retiree Medical Tr allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly favorable for financial efficiency and transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Burbank Employees Retiree Medical Tr:
- 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.
Frequently Asked Questions about Burbank Employees Retiree Medical Tr
Is Burbank Employees Retiree Medical Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Burbank Employees Retiree Medical Tr (EIN: 16231970) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Burbank Employees Retiree Medical Tr spend its money?
Burbank Employees Retiree Medical Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Burbank Employees Retiree Medical Tr tax-deductible?
Burbank Employees Retiree Medical Tr is registered as a tax-exempt nonprofit (EIN: 16231970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What constitutes the 'expenses' for Burbank Employees Retiree Medical Tr?
Given its NTEE code Y44 (Employee Benefit Programs), the majority of expenses are likely related to the direct provision or administration of retiree medical benefits, rather than traditional program delivery or fundraising.
How does the organization manage its assets?
Assets have grown significantly from $24.8 million in 2014 to $50.4 million in 2023, suggesting effective investment or management of funds dedicated to retiree medical benefits.
Is the organization transparent about its operational costs?
While total expenses are reported, a detailed breakdown of administrative versus programmatic costs is not readily available in the provided summary, which limits a full assessment of operational transparency beyond executive compensation.
Filing History
IRS 990 filing history for Burbank Employees Retiree Medical Tr showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Burbank Employees Retiree Medical Tr's revenue has grown by 56.6%, moving from $3.4M to $5.4M. Total assets increased by 274.5% over the same period, from $13.5M to $50.4M. Total functional expenses rose by 302.5%, from $614K to $2.5M. In its most recent filing year (2023), Burbank Employees Retiree Medical Tr reported a surplus of $2.9M, with revenue exceeding expenses. The organization holds $50K in liabilities against $50.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $50.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $2.5M | $50.4M | $50K | — | — |
| 2022 | $4.7M | $2.3M | $44.2M | $35K | — | View 990 |
| 2021 | $8.5M | $2.3M | $51.6M | $52K | — | View 990 |
| 2020 | $5.4M | $2.2M | $44.1M | $38K | — | View 990 |
| 2019 | $3.9M | $1.9M | $38.6M | $29K | — | — |
| 2018 | $3.8M | $1.9M | $31.4M | $77K | — | View 990 |
| 2017 | $4.6M | $1.7M | $32.6M | $15K | — | — |
| 2016 | $3.4M | $1.5M | $28.1M | $30K | — | View 990 |
| 2015 | $2.6M | $1.3M | $25.2M | $12K | — | View 990 |
| 2014 | $5.0M | $1.2M | $24.9M | $23K | — | View 990 |
| 2013 | $4.0M | $1.0M | $22.8M | $20K | — | View 990 |
| 2012 | $3.3M | $846K | $19.0M | $10K | — | View 990 |
| 2011 | $3.2M | $708K | $15.1M | $14K | — | View 990 |
| 2010 | $3.4M | $614K | $13.5M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $2.5M, and assets of $50.4M (revenue +14.2% year-over-year).
- 2022: Revenue of $4.7M, expenses of $2.3M, and assets of $44.2M (revenue -44.4% year-over-year).
- 2021: Revenue of $8.5M, expenses of $2.3M, and assets of $51.6M (revenue +58.0% year-over-year).
- 2020: Revenue of $5.4M, expenses of $2.2M, and assets of $44.1M (revenue +37.3% year-over-year).
- 2019: Revenue of $3.9M, expenses of $1.9M, and assets of $38.6M (revenue +3.3% year-over-year).
- 2018: Revenue of $3.8M, expenses of $1.9M, and assets of $31.4M (revenue -18.1% year-over-year).
- 2017: Revenue of $4.6M, expenses of $1.7M, and assets of $32.6M (revenue +34.0% year-over-year).
- 2016: Revenue of $3.4M, expenses of $1.5M, and assets of $28.1M (revenue +34.9% year-over-year).
- 2015: Revenue of $2.6M, expenses of $1.3M, and assets of $25.2M (revenue -48.7% year-over-year).
- 2014: Revenue of $5.0M, expenses of $1.2M, and assets of $24.9M (revenue +24.9% year-over-year).
- 2013: Revenue of $4.0M, expenses of $1.0M, and assets of $22.8M (revenue +20.0% year-over-year).
- 2012: Revenue of $3.3M, expenses of $846K, and assets of $19.0M (revenue +2.4% year-over-year).
- 2011: Revenue of $3.2M, expenses of $708K, and assets of $15.1M (revenue -5.7% year-over-year).
- 2010: Revenue of $3.4M, expenses of $614K, and assets of $13.5M.
Data Sources and Methodology
This transparency report for Burbank Employees Retiree Medical Tr is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.