VALPO SURF PROJECT INC (EIN 271608970) - 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

2009

Legal Domicile

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

YOUTH MENTORING THROUGH ACADEMIC AND ENGLISH LANGUAGE TUTORING, SURFING, AND ENVIRONMENTAL AND COMMUNITY SERVICE.

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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 (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

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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

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

$83,255

Total Directors

$83,255

Key Employees

Highest Compensated

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	$397,799	$476,641	$50,745	$-78,842
2023	$388,791	$452,623	$46,440	$-63,832
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

VALPO SURF PROJECT INC