VALPO SURF PROJECT INC

EIN: 271608970 501(c)(3) Recreation & Sports

THOMASTON, ME

Total Revenue
$415,175
Total Expenses
$499,943
Total Assets
$39,379
Net Assets
$-59,456
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MA
Principal Officer
WILEY TODD
Phone
2079753825
Tax Period
2023-12-01 to 2024-11-30

VALPO SURF PROJECT INC, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $415K in total revenue in fiscal year 2023. Expenses of $500K exceeded revenue, resulting in a 20% operating deficit.

Mission

OUR MISSION IS TO USE SURFING INSTRUCTION AND ACADEMIC MENTORING TO ENCOURAGE ENGLISH LANGUAGE SKILLS, PERSONAL CHARACTER DEVELOPMENT, AND ENVIRONMENTAL CONSCIOUSNESS AMONG UNDERPRIVILEGED AND AT RISK YOUTH IN CITIES ACROSS THE GLOBE.

Program Service Accomplishments

Program 1
Expenses: $315,186

THE VALPO SURF PROJECT IS A YOUTH MENTORSHIP ORGANIZATION THAT WORKS WITH AT-RISK POPULATIONS IN VALPARAISO, CHILE. OUR KIDS OFTEN FACE TREMENDOUS HARDSHIPS FROM AN EARLY AGE. POVERTY, DRUG ABUSE...

Read more

THE VALPO SURF PROJECT IS A YOUTH MENTORSHIP ORGANIZATION THAT WORKS WITH AT-RISK POPULATIONS IN VALPARAISO, CHILE. OUR KIDS OFTEN FACE TREMENDOUS HARDSHIPS FROM AN EARLY AGE. POVERTY, DRUG ABUSE, AND VIOLENT CRIME ARE EVERYDAY REALITIES IN THEIR NEIGHBORHOODS. VSP IS A SOURCE OF STABILITY, GUIDANCE, AND CONSISTENCY AMIDST AN OTHERWISE CHAOTIC ENVIRONMENT. OUR GOAL IS TO USE SURFING AND ACADEMIC TUTORING TO ENCOURAGE ENGLISH LANGUAGE SKILLS, PERSONAL CHARACTER DEVELOPMENT, AND ENVIRONMENTAL CONSCIOUSNESS AMONG OUR STUDENTS.CONSTANT MENTORSHIP IS THE GLUE THAT UNIFIES ALL VSP PROGRAMMING. ON AVERAGE EACH STUDENT RECEIVES 265 HOURS OF PROGRAMMING PER YEAR INCLUDING: SURFING: SURF SESSIONS ARE THE HEART OF OUR RELATIONSHIP WITH OUR STUDENTS. IN THE OCEAN OUR STUDENTS TAKE A BREAK FROM THE STRESSES OF THEIR EVERYDAY LIVES, ENGAGE IN HEALTHY PHYSICAL ACTIVITY, AND SPEND QUALITY TIME WITH THEIR MENTORS. ACADEMICS: WE PROVIDE ENGLISH CLASSES, INDIVIDUALIZED TUTORING, AND COLLEGE AND CAREER PREPARATION. OUR ACADEMICS ARE OPENING DOORS FOR OUR STUDENTS THEY PREVIOUSLY DID NOT KNOW EXISTED. ENVIRONMENT: OUR ENVIRONMENTAL ACTIVITIES ENCOURAGE ENVIRONMENTAL CONSCIOUSNESS, COMMUNITY SERVICE, AND LEADERSHIP SKILLS. SINCE 2010, WE HAVE WORKED WITH OVER 2,000 STUDENTS AND PROVIDED OVER 7,000 MENTORSHIP HOURS DURING MORE THAN 2,000 ACTIVITIES. WE HAVE GROWN TO INCLUDE STUDENTS FROM 8 DISTINCT NEIGHBORHOODS, SCHOOLS, AND SENAME, A STATE-OPERATED CHILD PROTECTION HOME FOR BOTH JUVENILE REHABILITATION AND CARE FOR AT-RISK YOUTH REMOVED FROM UNSAFE HOMES. VSP IS COMMITTED TO EACH STUDENT, EMPOWERING THEM WITH THE TOOLS TO BETTER THEIR OWN LIVES AND POSITIVELY IMPACT THEIR COMMUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $415,175
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $415,175

Expense Breakdown

Grants Paid $278,335
Salaries & Benefits $154,073
Fundraising Expenses $98,554
Program Expenses $315,186
Other Expenses $67,535
TOTAL EXPENSES $499,943

Year-over-Year Comparison

2023 2022 Change
Revenue $415,175 $397,799 +0.0%
Expenses $499,943 $476,641 +0.0%
Net Income $-84,768 $-78,842 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
6
Employees
2
Volunteers
20

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
4
$83,255
Total Directors
8
$83,255
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH FRENCH CHAIRMAN 5.00
Officer Director
$0 $0 $0
WILEY TODD FOUNDER / CEO 40.00
Officer Director
$80,000 $3,255 $83,255
WESTERN TODD SECRETARY 5.00
Officer Director
$0 $0 $0
JONATHAN STEUBER TREASURER 5.00
Officer Director
$0 $0 $0
HENRY MYER FOUNDER 2.00
Director
$0 $0 $0
MAX HANDLER BOARD MEMBER 2.00
Director
$0 $0 $0
RYAN HOLBROOK BOARD MEMBER 2.00
Director
$0 $0 $0
JAMES LUNT BOARD MEMBER 2.00
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 $415,175 $499,943 $39,379 $-84,768
2023 $388,791 $452,623 $46,440 $-63,832
2023 $397,799 $476,641 $50,745 $-78,842
2022 $341,009 $305,398 $110,272 $35,611
2021 $143,016 $193,137 $74,661 $-50,121
2019 $314,356 $317,169 $31,798 $-2,813
2017 $303,732 $245,428 $68,428 $58,304
Explore More Nonprofits
Top 100 Nonprofits in Maine Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare VALPO SURF PROJECT INC with other nonprofits in Maine and across the country.