Salinas Valley TVB Inc

EIN: 451744745 Community Improvement

Salinas, CA

Total Revenue
$298,442
Total Expenses
$227,559
Total Assets
$194,872
Net Assets
$194,722
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
CA
Principal Officer
Craig Kaufman
Phone
8312613430
Tax Period
2020-01-01 to 2020-12-31

Salinas Valley TVB Inc, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $298K in total revenue in fiscal year 2020. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $71K, a strong 24% operating margin.

Mission

Salinas Valley TVB, Inc. has been formed to be the awardee of the award from the State of California for the establishment and operation of a California Welcome Center in Salinas, California. The Salinas Welcome Center will provide services to travelers visiting the areas of Santa Cruz, Monterey, and San Benito Counties. Specifically, the Welcome Center will provide information on local attractions, ticket sales to entertainment and sporting events occurring in the area, and information for lodging and accommodations.

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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 (2020)

Revenue Breakdown

Contributions & Grants $299,585
Program Service Revenue $0
Investment Income $-1,143
Other Revenue $0
TOTAL REVENUE $298,442

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,668
Fundraising Expenses $0
Program Expenses $145,489
Other Expenses $129,891
TOTAL EXPENSES $227,559

Year-over-Year Comparison

2020 2019 Change
Revenue $298,442 $275,844 +0.1%
Expenses $227,559 $245,656 -0.1%
Net Income $70,883 $30,188 +1.3%
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

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Governance

Voting Members
9
Independent Members
9
Employees
9
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
$24,000
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Craig Kaufman Executive Dir. 15.00
Officer
$24,000 $0 $24,000
Colleen Bailey Secretary/Treas 2.00
Officer Director
$0 $0 $0
Don Chapin Jr President 2.00
Officer Director
$0 $0 $0
Matthew W Ottone Director 1.00
Director
$0 $0 $0
Kurt Gollnick Vice President 2.00
Officer Director
$0 $0 $0
Butch Lindley Director 1.00
Director
$0 $0 $0
Ricky Carbrera Director 1.00
Director
$0 $0 $0
Sam Farr Director 1.00
Director
$0 $0 $0
John Narigi Director 1.00
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
2020 $298,442 $227,559 $194,872 $70,883
2019 $275,844 $245,656 $124,820 $30,188
2018 $241,145 $226,355 $94,886 $14,790
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