FREESUP SO CAL

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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

2015

Legal Domicile

Principal Officer

MATT HOLDER

Phone

9493750154

Tax Period

2020-01-01 to 2020-12-31

FREESUP SO CAL, founded in 2015, is a micro nonprofit that reported $60K in total revenue in fiscal year 2020. Revenue decreased 9% compared to the prior year. Expenses of $67K exceeded revenue, resulting in a 12% operating deficit.

Mission

OUR MISSION IS TO PROMOTE AND PRESERVE THE LIFESTYLE UNIQUE TO STAND UP PADDLERS, PARTICULARLY THROUGHOUT THE SOCAL REGION. WE PROMOTE THE INTERESTS OF STAND UP PADDLERS AND FUTURE GENERATIONS OF STAND UP PADDLERS BY LENDING A COLLECTIVE VOICE TO SUP CAUSES AND CONCERNS. STAYING TRUE TO OUR MEMBERS' CORE VALUES, FREESUP SOCAL STRIVES TO UPHOLD AND MAINTAIN THE HIGHEST STANDARDS OF ETHICS IN ACCOMPLISHING THESE GOALS.

Program Service Accomplishments

Program 1

Expenses: $65,467

ATTENDANCE AT VIRTUAL CONFERENCES AND PROMOTION OF THE ORGANIZATION. PROMOTION OF THE ORGANIZATION AT COMMUNITY EVENTS AND INTERACTION WITH COMMUNITY LEADERS VIA ZOOM. FURTHER DEVELOP AND EXPAND THE...

Program 2

HOLDING BIANNUAL BOARD OF DIRECTORS MEETINGS WITH BOARD MEMBERS AND COMMUNITY MEMBERS VIA ZOOM TO HELP CARRY THE MESSAGE.

Program 3

PROMOTION OF SAFETY AND ADVACEMENT OF STAND UP PADDLEBOARDING.

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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 (2020)

Revenue Breakdown

Contributions & Grants $60,096

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,625

Fundraising Expenses $0

Program Expenses $65,467

Other Expenses $50,617

TOTAL EXPENSES $67,242

Year-over-Year Comparison

	2020	2019	Change
Revenue	$60,096	$66,000	-0.1%
Expenses	$67,242	$68,400	0.0%
Net Income	$-7,146	$-2,400	+2.0%

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

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

$16,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT HOLDER	EXECUTIVE DIRECTOR	10.00	Director	$16,625	$0	$16,625
PAUL BLAZE	CHIEF EXECUTIVE OFFICER	10.00	Officer	$0	$0	$0
MICHAEL NOLF	SECRETARY	10.00	Officer	$0	$0	$0
JOEL VANDERVEEN	CHIEF FINANCIAL OFFICER	10.00	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
2020	$60,096	$67,242	$4,248	$-7,146
2019	$66,000	$68,400	$11,394	$-2,400
2018	$50,000	$36,206	$13,794	$13,794