INTERNATIONAL SURFING ASSOCIATION … - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

ROBERT FASULO

Phone

8585518580

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL SURFING ASSOCIATION INC, founded in 2010, is a community nonprofit in the Recreation & Sports sector that reported $5.7M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

TO DEVELOP AND PROMOTE THE SPORT OF SURFING GLOBALLY. THE ORGANIZATION IS RECOGNIZED BY THE INTERNATIONAL OLYMPIC COMMITTEE AS THE WORLD GOVERNING AUTHORITY FOR SURFING, STANDUP PADDLE (SUP) SURFING AND RACING, AND ALL OTHER WAVE RIDING ACTIVITIES. ADDITIONALLY, THE ORGANIZATION PROMOTES EDUCATIONAL DEVELOPMENT PROGRAMS THROUGHOUT THE WORLD INCLUDING INTERNATIONAL SCHOLARSHIPS FOR UNDER 18 JUNIOR SURFERS. PROMOTES TRAINING DEVELOPMENT PROGRAMS THROUGHOUT THE WORLD FOR JUDGING AND COACHING IN INTERNATIONAL WAVE RIDING COMPETITIONS. TO ORGANIZE, SUPERVISE AND OPERATE THE SURF SCHOOL PROGRAMS THROUGHOUT THE WORLD. TO DEDICATE RESOURCES AND EFFORTS TOWARDS THE INCLUSION OF WAVE RIDING SPORTS INTO THE OLYMPICS.

Program Service Accomplishments

Program 1

Expenses: $421,571 Revenue: $2,160,374

THE ISA WORLD SURFING GAMES SHOWCASES THE BEST SURFERS FROM AROUND THE WORLD. THE WORLD SURFING GAMES CROWNS INDIVIDUAL GOLD MEDALS IN TWO DIVISIONS - OPEN MEN AND OPEN WOMEN; AS WELL AS AN OVERALL...

Program 2

Expenses: $467,714 Revenue: $666,485

TO PROMOTE TRAINING & EDUCATIONAL DEVELOPMENT PROGRAMS THROUGHOUT THE WORLD FOR JUDGING AND COACHING INCLUDING INTERNATIONAL SCHOLARSHIPS FOR UNDER 18 JUNIOR SURFERS. ADDITIONALLY, DEDICATING...

TO PROMOTE TRAINING & EDUCATIONAL DEVELOPMENT PROGRAMS THROUGHOUT THE WORLD FOR JUDGING AND COACHING INCLUDING INTERNATIONAL SCHOLARSHIPS FOR UNDER 18 JUNIOR SURFERS. ADDITIONALLY, DEDICATING RESOURCES AND EFFORTS TOWARDS THE INCLUSION OF WAVE RIDING SPORTS INTO THE OLYMPICS.

Program 3

Expenses: $358,096 Revenue: $748,700

THE ISA WORLD JUNIOR SURFING CHAMPIONSHIP SHOWCASES THE BESTYOUNG SURFERS FROM AROUND THE WORLD. THE WORLD CHAMPIONSHIP CROWNSINDIVIDUAL GOLD MEDALS IN FOUR DIVISIONS - UNDER-18 BOYS, UNDER-16BOYS...

THE ISA WORLD JUNIOR SURFING CHAMPIONSHIP SHOWCASES THE BESTYOUNG SURFERS FROM AROUND THE WORLD. THE WORLD CHAMPIONSHIP CROWNSINDIVIDUAL GOLD MEDALS IN FOUR DIVISIONS - UNDER-18 BOYS, UNDER-16BOYS, UNDER-18 GIRLS, AND UNDER-16 GIRLS; AS WELL AS AN OVERALL TEAMCHAMPION.

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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 $831,739

Program Service Revenue $4,825,635

Investment Income $38,551

Other Revenue $20,960

TOTAL REVENUE $5,716,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,250,150

Fundraising Expenses $0

Program Expenses $4,818,778

Other Expenses $4,373,619

TOTAL EXPENSES $5,623,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,716,885	$4,768,244	+0.2%
Expenses	$5,623,769	$4,909,895	+0.1%
Net Income	$93,116	$-141,651	-1.7%

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

500

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

$408,490

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FERNANDO AGUERRE	PRESIDENT	20.00	Officer Director	$0	$0	$0
KARIN SIERRALTA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SALLY FITZGIBBONS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BARBARA KENDALL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEAN-LUC ARASSUS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KIMIFUMI IMOTO	MEMBER	1.00	Director	$0	$0	$0
JACOB FAERCH	MEMBER	1.00	Director	$0	$0	$0
JUSTINE DUPONT	MEMBER	1.00	Director	$0	$0	$0
ROBERT FASULO	EXECUTIVE DIRECTOR	40.00	Officer	$408,490	$0	$408,490

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	$5,716,885	$5,623,769	$2,659,908	$93,116
2023	$4,718,836	$4,716,549	$4,148,122	$2,287
2023	No data	No data	No data	No data
2022	$4,069,998	$4,076,025	$3,259,515	$-6,027
2022	$4,115,985	$4,024,312	$3,348,755	$91,673
2021	$3,446,809	$2,791,679	$2,343,741	$655,130
2021	$3,443,729	$2,820,931	$2,273,930	$622,798
2020	$2,223,308	$1,647,916	$2,501,871	$575,392
2019	$2,718,078	$2,697,577	$1,120,329	$20,501
2018	$2,607,319	$2,607,014	$996,451	$305

INTERNATIONAL SURFING ASSOCIATION INC