SOUTH BAY CHALLENGE (EIN 330486563) - Form 990 Financial Analysis & Trantor Score

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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

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

PROVIDE GRANTS TO VARIOUS YOUTH DRUG PREVENTION PROGRAMS AND SCHOOL PROGRAMS IN THE SOUTH BAY.

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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 $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

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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
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

SOUTH BAY CHALLENGE