Fresno, CA – 28 MAY 2025 - The California Restaurant Mutual Benefit Corporation (CRMBC), the state’s only self-insured workers’ compensation provider for restaurants, ended 2024 with record-breaking financial and membership growth, further strengthening it as an industry leader.

Strong Growth Positions CRMBC for Long-Term Stability

CRMBC delivered a 76% increase in annualized revenue, reaching $20+ million to begin 2025 and covered payroll grew to more than $750 million. CRMBC’s membership also expanded significantly, growing from 121 to 194 certificate holders and from 317 to 552 restaurant locations — a 97% renewal rate that underscores strong member satisfaction and retention. Recent additions to the group include Fam GSM, LLC, Zankou Enterprises, Inc., and Beachcomber at Crystal Cove, among others.

Sustained Growth and Stability

CRMBC’s key objectives are sustaining strong member retention, carefully expanding membership, enhancing benefits, and maintaining financial strength. Specific priorities include:

• Controlled membership growth alongside high retention rates.
• Enhanced ancillary offerings to deliver increased value to existing members.
• Continued financial growth and strategic investment management to ensure long-term sustainability.

“With another year of strong financial performance and a growing, engaged membership, CRMBC remains the premier workers’ compensation solution for California’s restaurant industry,” said Kaya Stanley, CEO/Chairman of CRMBC. “We are building on 2024’s momentum and delivering even greater value to our members this year.”

CRMBC Welcomes New Board Members

In addition to its financial success, CRMBC is pleased to announce the re-election of incumbent CEO and Chairman Kaya Stanley, along with the appointment of McDonald’s franchisee Roger Delph and Miguel’s Restaurant CEO and President Javier Vasquez to its Board of Directors. Their terms, effective January 1, 2025, through December 31, 2028, reinforce CRMBC’s commitment to strong leadership and continued support for restaurant owners across California.

The 2024 election saw record-breaking participation, with 59% voter engagement, the highest in CRMBC’s history.

“These new Board members bring deep industry expertise and a commitment to ensuring restaurant owners across California have access to the best self-insurance solutions available,” said Ms. Stanley.