CALIFORNIA SURF MUSEUM

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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

1992

Legal Domicile

Principal Officer

JIM KEMPTON

Phone

7607216876

Tax Period

2023-01-01 to 2023-12-31

CALIFORNIA SURF MUSEUM, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $402K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $364K left a modest 10% surplus.

Mission

The California Surf Museum serves as an international repository and resource center on the lifestyle sport of surfing through capturing,preserving and chronicling its art, culture and heritage for the education and enjoyment of current and future generations.

Program Service Accomplishments

Program 1

Expenses: $206,991 Revenue: $111,140

CONTRIBUTION AND GRANTS - The Museum seeks and accepts contributions and grants to support its mission of serving as an international repository and resource center on the lifestyle sport of surfing through capturing,preserving and chronicling its art, culture and heritage for the education and enjoyment of current and future generations.

Program 2

Expenses: $77,645

FUNDRAISING EVENT AND AUCTION - is held annually to help raise funds for California Surf Museum to support the mission to serve as an international repository and resource center. The event raised...

FUNDRAISING EVENT AND AUCTION - is held annually to help raise funds for California Surf Museum to support the mission to serve as an international repository and resource center. The event raised $139862 with expenses of $77645.

Program 3

Revenue: $151,412

MUSEUM STORE - Program Services; Includes admission fees, Merchandise income, and other related income. As a part of the Museum, this further supports the California Surf Museum to increase income...

MUSEUM STORE - Program Services; Includes admission fees, Merchandise income, and other related income. As a part of the Museum, this further supports the California Surf Museum to increase income and assist in covering expenses of the Museum so that it can preserve and chronicle the art, culture and heritage of the surfing lifestyle.

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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 $111,140

Program Service Revenue $151,412

Investment Income $0

Other Revenue $139,862

TOTAL REVENUE $402,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,624

Fundraising Expenses $77,645

Program Expenses $284,636

Other Expenses $262,990

TOTAL EXPENSES $363,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$402,414	$352,614	+0.1%
Expenses	$363,614	$283,785	+0.3%
Net Income	$38,800	$68,829	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM KEMPTON	President	30.00	Officer Director	$0	$0	$0
JEFF DUCLOS	Vice President	20.00	Officer Director	$0	$0	$0
TOM GIBBONS	Vice President	20.00	Officer Director	$0	$0	$0
LOUISE BALMA	Treasurer	20.00	Officer 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	No data	No data	No data	No data
2023	$402,414	$363,614	$335,608	$38,800
2022	$352,614	$283,785	$302,232	$68,829
2021	$358,592	$230,974	$236,091	$127,618
2020	$122,738	$146,899	$123,539	$-24,161
2019	$126,178	$167,853	$151,721	$-41,675
2018	$186,334	$167,718	$208,464	$18,616