SOUTH BAY CHALLENGE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

HANK PARKER

Phone

6264414353

Tax Period

2024-04-01 to 2025-03-31

SOUTH BAY CHALLENGE, founded in 1992, is a micro nonprofit that reported $24K in total revenue in fiscal year 2024. Expenses of $57K exceeded revenue, resulting in a 139% operating deficit.

Mission

THE ORGANIZATION PROVIDES GRANTS TO VARIOUS YOUTH DRUG PREVENTION PROGRAMS AND SCHOOL PROGRAMS LOCATED IN THE SOUTH BAY COMMUNITY. ALL FUNDS ARE DONATED TO SCHOOLS AND PUBLIC CHARITIES.

Program Service Accomplishments

Program 1

Expenses: $47,500

SOUTH BAY CHALLENGE WAS FORMED TO SUPPORT THE YOUTH OF THE SOUTH BAY COMMUNITY. SOUTH BAY CHALLENGE RAISES FUNDS TO BE AWARDED TO VARIOUS SOUTH BAY AREA SCHOOLS AND PUBLIC CHARITIES THAT CONDUCT...

SOUTH BAY CHALLENGE WAS FORMED TO SUPPORT THE YOUTH OF THE SOUTH BAY COMMUNITY. SOUTH BAY CHALLENGE RAISES FUNDS TO BE AWARDED TO VARIOUS SOUTH BAY AREA SCHOOLS AND PUBLIC CHARITIES THAT CONDUCT PROGRAMS DEDICATED TO YOUTH DRUG ABUSE PREVENTION, SUBSTANCE ABUSE EDUCATION, AND AFTER SCHOOL CARE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $65,674

Program Service Revenue $0

Investment Income $13,067

Other Revenue $-54,958

TOTAL REVENUE $23,783

Expense Breakdown

Grants Paid $47,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,500

Other Expenses $9,395

TOTAL EXPENSES $56,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,783	$-16,880	-2.4%
Expenses	$56,895	$6,860	+7.3%
Net Income	$-33,112	$-23,740	+0.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
STEVE MORIKAWA	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM STOWE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KACEY TAKASHIMA	TREASURER	1.00	Officer Director	$0	$0	$0
BRIGID DUPREE	SECRETARY	0.50	Officer Director	$0	$0	$0
ED COREY	DIRECTOR	0.50	Director	$0	$0	$0
STEVE DONAR	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT LOCKHART	DIRECTOR	0.50	Director	$0	$0	$0
JON MEGEFF	DIRECTOR	0.50	Director	$0	$0	$0
TAKAHIRO HARUYAMA	DIRECTOR	0.50	Director	$0	$0	$0
SHINICHI NAKANO	DIRECTOR	0.50	Director	$0	$0	$0
ANTHONY TARANTO	DIRECTOR	0.50	Director	$0	$0	$0
HANK PARKER	DIRECTOR	0.50	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
2025	$23,783	$56,895	$338,553	$-33,112
2024	$-16,880	$6,860	$371,665	$-23,740
2023	$4,101	$260	$395,405	$3,841
2022	$4,232	No data	$391,564	No data
2021	$10,288	$55,340	$387,332	$-45,052
2020	$144,806	$109,701	$432,384	$35,105
2019	$121,214	$107,645	$397,279	$13,569