SIMA ENVIRONMENTAL FUND

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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

1995

Legal Domicile

Principal Officer

VIPE DESAI

Phone

9492436400

Tax Period

2024-01-01 to 2024-12-31

SIMA ENVIRONMENTAL FUND, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $429K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $142K, a strong 33% operating margin.

Mission

THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO SERVER AS THE ENVIRONMENTAL ARM OF THE SURF INDUSTRY MANUFACTURES ASSOCIATION ("SIMA") BY RAISING MONEY FROM THE PUBLIC THROUGH FUNDRAISERS AND SOLICITATIONS AND USING SUCH FUNDS TO PROMOTE AND SUPPORT ECOLOGICAL AND ENVIRONMENTAL ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $10,500

DONATIONS TO PROMOTE AND SUPPORT ECOLOGICAL AND ENVIRONMENTAL ORGNIZATIONS.

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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 $86,174

Program Service Revenue $0

Investment Income $0

Other Revenue $342,754

TOTAL REVENUE $428,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $239,300

Program Expenses $10,500

Other Expenses $286,762

TOTAL EXPENSES $286,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$428,928	$569,326	-0.2%
Expenses	$286,762	$589,090	-0.5%
Net Income	$142,166	$-19,764	-8.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETO BEDOLFE	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS EVANS	DIRECTOR	N/A	Director	$0	$0	$0
DAVE GILOVICH	CFO/TREASURE	N/A	Officer Director	$0	$0	$0
BOB MIGNOGNA	SECRETARY	N/A	Officer Director	$0	$0	$0
PAUL NAUDE	CEO/PRESIDEN	N/A	Officer Director	$0	$0	$0
VIPE DESAI	EXECUTIVE DI	N/A	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	$428,928	$286,762	$136,772	$142,166
2023	$569,326	$589,090	$66,768	$-19,764
2022	$455,716	$442,504	$97,492	$13,212
2021	$459,943	$440,090	$85,280	$19,853
2020	$114,628	$221,067	$65,653	$-106,439
2019	$570,290	$467,966	$211,117	$102,324
2018	$382,729	$338,338	$364,079	$44,391