SURF INDUSTRY MEMBERS ASSOCIATION

EIN: 330385201

ALISO VIEJO, CA

Total Revenue
$239,964
Total Expenses
$268,795
Total Assets
$21,046
Net Assets
$-73,194
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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
1989
Legal Domicile
CA
Principal Officer
VIPE DESAI
Phone
9493661164
Tax Period
2024-01-01 to 2024-12-31

SURF INDUSTRY MEMBERS ASSOCIATION, founded in 1989, is a small nonprofit that reported $240K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $269K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE SURF INDUSTRY MANUFACTURES ASSOCIATION (SIMA) IS THE TRADE ASSOCIATION OF COMPETING SURF INDUSTRY PRODUCT SUPPLIES WORKING TOGETHER TO MAGNIFY THEIR POWER FOR THE DEVELOPMENT OF THE SURF INDUSTRY

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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 $103,436
Program Service Revenue $136,528
Investment Income $0
Other Revenue $0
TOTAL REVENUE $239,964

Expense Breakdown

Grants Paid $0
Salaries & Benefits $158,612
Fundraising Expenses $0
Other Expenses $110,183
TOTAL EXPENSES $268,795

Year-over-Year Comparison

2024 2023 Change
Revenue $239,964 $318,793 -0.2%
Expenses $268,795 $385,240 -0.3%
Net Income $-28,831 $-66,447 -0.6%
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
7
Independent Members
7
Employees
2
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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY GIBSON PRESIDENT/CE N/A
Officer Director
$0 $0 $0
JOHN WILSON VP/SECRETARY N/A
Officer Director
$0 $0 $0
JOHNNY GEHRIS TREASURER/CF N/A
Officer Director
$0 $0 $0
BILL BETTENCOURT DIRECTOR N/A
Director
$0 $0 $0
ERIC CRANE DIRECTOR N/A
Director
$0 $0 $0
RYAN HITZEL DIRECTOR N/A
Director
$0 $0 $0
TED LI DIRECTOR N/A
Director
$0 $0 $0
DAN MCINERNY DIRECTOR N/A
Director
$0 $0 $0
KEVIN MEEHAN DIRECTOR N/A
Director
$0 $0 $0
SHANNON NORTH DIRECTOR N/A
Director
$0 $0 $0
VICKI REDDING DIRECTOR N/A
Director
$0 $0 $0
KELLY GIBSON DIRECTOR N/A
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 $239,964 $268,795 $21,046 $-28,831
2023 $318,793 $385,240 $34,154 $-66,447
2022 $214,615 $278,545 $96,861 $-63,930
2021 $147,604 $209,260 $289,386 $-61,656
2020 $270,409 $330,788 $263,518 $-60,379
2019 $431,401 $565,837 $169,470 $-134,436
2018 $560,449 $665,941 $317,700 $-105,492
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