SANTA BARBARA HACKER SPACE INC

EIN: 274120722 501(c)(3) Education

Goleta, CA

Total Revenue
$91,761
Total Expenses
$87,465
Total Assets
$6,945
Net Assets
$4,296
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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
CA
Principal Officer
michael bales
Phone
9516603380
Tax Period
2024-01-01 to 2024-12-31

SANTA BARBARA HACKER SPACE INC, founded in 2010, is a micro nonprofit in the Education sector that reported $92K in total revenue in fiscal year 2024. Expenses of $87K left a modest 5% surplus.

Mission

Provide a fun and friendly setting for individuals to build, experiment and learn together, and to provide the community with access to space, tools and equipment.

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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 (2024)

Revenue Breakdown

Contributions & Grants $86,414
Program Service Revenue $0
Investment Income $634
Other Revenue $4,713
TOTAL REVENUE $91,761

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $87,068
Other Expenses $87,465
TOTAL EXPENSES $87,465

Year-over-Year Comparison

2024 2023 Change
Revenue $91,761 $94,573 0.0%
Expenses $87,465 $95,821 -0.1%
Net Income $4,296 $-1,248 -4.4%
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
5
Independent Members
5
Employees
N/A
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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Kapusick Member at Large 10
Director
$0 $0 $0
Nick Winters Member at Large 10
Director
$0 $0 $0
Michael Bales President 16
Officer
$0 $0 $0
Garrett Holmstrom Secretary 4
Officer
$0 $0 $0
Daniel Loman CFO 12
Officer
$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 $91,761 $87,465 $6,945 $4,296
2023 $94,573 $95,821 $7,959 $-1,248
2022 $107,203 $103,949 $8,331 $3,254
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