SEAL BEACH SHORES INC

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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

2005

Legal Domicile

Principal Officer

CRAIG ELZINGA

Phone

7144806828

Tax Period

2023-01-01 to 2023-12-31

SEAL BEACH SHORES INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $928K in total revenue in fiscal year 2023. Expenses of $866K left a modest 7% surplus.

Mission

THE PRIMARY MISSION OF THE CORPORATION IS TO PROVIDE HOUSING TO LOW AND MEDIUM INCOME HOUSEHOLDS IN COORDINATION WITH STATE AND CITY PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $711,461 Revenue: $874,553

THE CORPORATION PROVIDES RESIDENTS WITH THE OPPORTUNITY TO RENT THE LAND UPON WHICH THE RESIDENT PLACES A MOBILEHOME UNIT. THE RESIDENT THEN RENTS THE LAND AND THE RIGHT TO USE DEFINED "COMMON AREAS AND AMENITIES FROM THE CORPORATION. THE CORPORATION PROVIDES THIS TYPE OF HOUSING IN THE FORM OF LOW RENT AND IN COOPERATION WITH VARIOUS GOVERNMENT AND LOCAL HOUSING PROGRAMS.

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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 $0

Program Service Revenue $800,661

Investment Income $295

Other Revenue $127,096

TOTAL REVENUE $928,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $711,461

Other Expenses $865,836

TOTAL EXPENSES $865,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$928,052	$896,853	+0.0%
Expenses	$865,836	$739,508	+0.2%
Net Income	$62,216	$157,345	-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

Governance

Voting Members

Independent Members

N/A

Employees

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
TERRY BREANNAN	MEMBER AT LA	2.00	Officer Director	$0	$0	$0
MICHAEL CIRILLO	PRESIDENT	2.00	Officer Director	$0	$0	$0
CRAIG ELZINGA	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN NARZ	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MICHAEL WARYZYBOK	SECRETARY	2.00	Officer Director	$0	$0	$0
KEN WILLIAMS	TREASURER	2.00	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	$928,052	$865,836	$8,468,322	$62,216
2022	$896,853	$739,508	$8,571,065	$157,345
2021	$914,316	$849,376	$8,648,990	$64,940
2020	$956,682	$861,969	$9,676,527	$94,713
2019	$894,941	$917,229	$9,689,626	$-22,288
2018	$916,320	$842,823	$9,650,812	$73,497