EASTERN SURFING ASSOCIATION INC

EIN: 050392315 501(c)(3)

OCEAN CITY, MD

Total Revenue
$450,397
Total Expenses
$362,220
Total Assets
$662,559
Net Assets
$662,559
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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
1967
Legal Domicile
MD
Principal Officer
MICHELLE SOMMERS
Phone
4102518583
Tax Period
2023-01-01 to 2023-12-31

EASTERN SURFING ASSOCIATION INC, founded in 1967, is a small nonprofit that reported $450K in total revenue in fiscal year 2023. The organization ran a surplus of $88K, a strong 20% operating margin.

Mission

TO PROMOTE AMATEUR SURFING COMPETITIONS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $126,533
Program Service Revenue $313,900
Investment Income $9,964
Other Revenue $0
TOTAL REVENUE $450,397

Expense Breakdown

Grants Paid $0
Salaries & Benefits $63,399
Fundraising Expenses $0
Program Expenses $351,381
Other Expenses $288,821
TOTAL EXPENSES $362,220

Year-over-Year Comparison

2023 2022 Change
Revenue $450,397 $423,218 +0.1%
Expenses $362,220 $350,949 +0.0%
Net Income $88,177 $72,269 +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

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Governance

Voting Members
30
Independent Members
30
Employees
2
Volunteers
30

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
3
$50,145
Total Directors
3
$50,145
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE SOMMERS EXECUTIVE DIRECTOR 40.00
Officer Director
$50,145 $0 $50,145
HARRY PURKEY SECRETARY 3.00
Officer Director
$0 $0 $0
EDWARD GIBBONS TREASURER 3.00
Officer 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 $450,397 $362,220 $662,559 $88,177
2022 $423,218 $350,949 $543,500 $72,269
2021 $339,133 $295,898 $559,197 $43,235
2020 $256,125 $195,064 $431,503 $61,061
2019 $353,050 $312,367 $341,800 $40,683
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