BALBOA PARK ONLINE COLLABORATIVE INC (EIN 202105617) - 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

2012

Legal Domicile

Principal Officer

NIK HONEYSETT

Phone

6193311970

Tax Period

2024-01-01 to 2024-12-31

BALBOA PARK ONLINE COLLABORATIVE INC, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $863K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring.

Mission

TO FOSTER A CULTURE OF INNOVATION AND COLLABORATION AMONG NONPROFIT ORGANIZATIONS THROUGH TECHNOLOGY, WITH A FOCUS ON BALBOA PARK.

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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 (2024)

Revenue Breakdown

Contributions & Grants $94,574

Program Service Revenue $763,437

Investment Income $7,502

Other Revenue $-2,178

TOTAL REVENUE $863,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $639,931

Fundraising Expenses $0

Program Expenses $686,154

Other Expenses $288,914

TOTAL EXPENSES $928,845

Year-over-Year Comparison

	2024	2023	Change
Revenue	$863,335	$1,586,174	-0.5%
Expenses	$928,845	$1,066,574	-0.1%
Net Income	$-65,510	$519,600	-1.1%

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

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

$212,658

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN YAGER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PETER COMISKEY	DIRECTOR	1.00	Director	$0	$0	$0
KATE CLYDE	DIRECTOR	1.00	Director	$0	$0	$0
ALEXIS O'BANION	DIRECTOR	1.00	Director	$0	$0	$0
BETH REDMOND-JONES	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES CASTLE	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY WITCHEY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LINDE	DIRECTOR	1.00	Director	$0	$0	$0
CHACHO HERMAN	DIRECTOR	1.00	Director	$0	$0	$0
NIK HONEYSETT	CEO	40.00	Officer	$197,502	$15,156	$212,658

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	$863,335	$928,845	$995,258	$-65,510
2023	$1,586,174	$1,066,574	$1,072,517	$519,600
2022	$891,186	$1,096,706	$548,780	$-205,520
2021	$1,568,388	$1,407,497	$661,433	$160,891
2020	$976,201	$1,212,800	$597,630	$-236,599
2019	$1,176,956	$1,363,738	$769,335	$-186,782
2018	$1,248,594	$1,065,069	$917,171	$183,525

BALBOA PARK ONLINE COLLABORATIVE INC