SURFING MADONNA OCEANS PROJECT

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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

2013

Legal Domicile

Phone

7609175291

Tax Period

2024-01-01 to 2024-12-31

SURFING MADONNA OCEANS PROJECT, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $240K in total revenue in fiscal year 2024. Revenue surged 144% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 71% operating margin.

Mission

SURFING MADONNA OCEANS PROJECT IS A COMMUNITY INSPIRED BY MARK PATTERSONS SURFING MADONNA MOSAIC.HIS ARTISTIC VISION AND SPIRIT OF ENVIRONMENTAL PRESERVATION ENCOURAGES US TO SHARE OUR SKILLS AND RESOURCES TO PROMOTE PUBLIC DISPLAYS OF ARTISTIC EXPRESSION, SEE SHEDULE O

Program Service Accomplishments

Program 1

Expenses: $33,698 Revenue: $14,115

OCEAN CONSERVATION HOSTING BEACH CLEANUPS, MARINE MAMMAL SAFETY INITIATIVES, AND YOUTH EDUCATION PROGRAMS TO PROMOTE OCEAN ADVOCACY. SPECIAL NEEDS SURF CAMP ONE OF ITS MOST IMPACTFUL PROGRAMS IS THE SPECIAL NEEDS SURF CAMP, HELD EVERY SUMMER AT MOONLIGHT BEACH IN ENCINITAS. THIS PROGRAM PROVIDES ONE-ON-ONE SURF INSTRUCTION FOR CHILDREN WITH DISABILITIES, COMPLETELY FREE OF CHARGE. THE CAMP RUNS TWICE A MONTH FROM MAY TO SEPTEMBER, OFFERING KIDS A CHANCE TO LEARN A NEW SKILL AND GAIN SELF-CONFIDENCE.

Program 2

Expenses: $22,698 Revenue: $60

ARTS PROGRAMMING SUPPORTING LOCAL ARTISTS THROUGH EXHIBITIONS, AWARDS, AND PUBLIC ART PROJECTS THAT HIGHLIGHT ENVIRONMENTAL THEMES.

Program 3

Expenses: $10,162

OCEAN CONSERVATION HOSTING BEACH CLEANUPS, MARINE MAMMAL SAFETY INITIATIVES, AND YOUTH EDUCATION PROGRAMS TO PROMOTE OCEAN ADVOCACY.

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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 $229,396

Program Service Revenue $14,115

Investment Income $-3,907

Other Revenue $60

TOTAL REVENUE $239,664

Expense Breakdown

Grants Paid $2,526

Salaries & Benefits $13,338

Fundraising Expenses $0

Program Expenses $66,558

Other Expenses $53,116

TOTAL EXPENSES $68,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,664	$98,259	+1.4%
Expenses	$68,980	$92,718	-0.3%
Net Income	$170,684	$5,541	+29.8%

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

175

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
CATHY CAREY	BOARD MEMBER	9.50	Officer	$0	$0	$0
MIKE REDMAN	PRESIDENT	60.00	Officer	$0	$0	$0
MAX WITTENBERG	BOARD MEMBER	0.50	Officer	$0	$0	$0
PATTI M WALSH	SECRETARY	1.00	Officer	$0	$0	$0
DANNY DAVIS	BOARD MEMBER	1.00	Officer	$0	$0	$0
DANNY SALZHANDLER	BOARD MEMBER	1.00	Officer	$0	$0	$0
CHERYL EHLERS	BOARD MEMBER	1.00	Officer	$0	$0	$0
ELAINE B HOWARD	BOARD MEMBER	0.50	Officer	$0	$0	$0
SCOT CHEATHAM	TREASURER	2.00	Officer	$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	$239,664	$68,980	$380,936	$170,684
2020	$260,362	$412,275	$317,671	$-151,913
2019	$756,728	$741,402	$475,643	$15,326
2018	$676,986	$711,267	$464,016	$-34,281