WESTERN SURFING ASSOCIATION (EIN 330576625) - 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

1993

Legal Domicile

Principal Officer

MARY LOU DRUMMY

Phone

9493696783

Tax Period

2024-01-01 to 2024-12-31

WESTERN SURFING ASSOCIATION, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $745K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

THE WSA IS DEDICATED TO PROMOTING AND PRESERVING THE SPORT OF SURFING THROUGH FUN, FAMILY ORIENTED SURF COMPETITIONS. WSA IS THE OFFICIAL WEST COAST MEMBER OF SURFING AMERICA.

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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 $0

Program Service Revenue $745,418

Investment Income $0

Other Revenue $0

TOTAL REVENUE $745,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $445,899

Fundraising Expenses $0

Program Expenses $258,130

Other Expenses $326,133

TOTAL EXPENSES $772,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$745,418	$820,504	-0.1%
Expenses	$772,032	$810,826	0.0%
Net Income	$-26,614	$9,678	-3.7%

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

$42,000

Total Directors

$87,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE LISTER	DIRECTOR	25.00	Director	$45,000	$0	$45,000
MARY LOU DRUMMY	EXEC DIRECTOR	25.00	Officer Director	$42,000	$0	$42,000
CAROLYN KRAMMER	DIRECTOR	25.00	Director	$0	$0	$0
SHERI CRUMMER	DIRECTOR	0.00	Director	$0	$0	$0
MIA GILKERSON	DIRECTOR	15.00	Director	$0	$0	$0
RANDY GILKERSON	DIRECTOR	15.00	Director	$0	$0	$0
MADALYN SWAYNE	DIRECTOR	3.00	Director	$0	$0	$0
ERIK KRAMMER	DIRECTOR	0.00	Director	$0	$0	$0
VINCENT DUPRAT	DIRECTOR	0.00	Director	$0	$0	$0
GREG CRUZE	DIRECTOR	3.00	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	$745,418	$772,032	$279,650	$-26,614
2023	$820,504	$810,826	$300,727	$9,678
2023	No data	No data	No data	No data
2022	$717,117	$702,752	$290,051	$14,365
2021	$771,200	$588,177	$277,420	$183,023
2020	$164,719	$266,305	$94,301	$-101,586
2019	$654,332	$674,134	$189,654	$-19,802
2018	$662,319	$642,341	$216,925	$19,978

WESTERN SURFING ASSOCIATION