WESTERN FLYER FOUNDATION (EIN 474184235) - 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

2016

Legal Domicile

Principal Officer

EFRAIN CORIA

Phone

8312208047

Tax Period

2024-07-01 to 2025-06-30

WESTERN FLYER FOUNDATION, founded in 2016, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 53% operating deficit.

Mission

OUR MISSION IS TO STIR CURIOSITY THROUGH MARINE RESEARCH, EDUCATION, AND A BLEND OF SCIENCE AND ART INSPIRED BY JOHN STEINBECK, ED RICKETTS, AND THEIR JOURNEY ON THE WESTERN FLYER.

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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 $1,325,091

Program Service Revenue $21,800

Investment Income $25

Other Revenue $44,611

TOTAL REVENUE $1,391,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $454,603

Fundraising Expenses $193,105

Program Expenses $1,802,494

Other Expenses $1,679,870

TOTAL EXPENSES $2,134,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,391,527	$2,061,260	-0.3%
Expenses	$2,134,473	$1,447,984	+0.5%
Net Income	$-742,946	$613,276	-2.2%

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

144

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

$163,137

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRY FLUMERFELT	EXECUTIVE DIRECTOR	40.00	Officer	$138,749	$24,388	$163,137
WILLIAM GILLY	DIRECTOR	2.00	Director	$0	$0	$0
ENRIQUE HAMBLETON	DIRECTOR 10/25	2.00	Director	$0	$0	$0
JOHN GREGG	FOUNDER	10.00	Officer	$0	$0	$0
TOM KEFFER	BOARD PRESIDENT	10.00	Officer Director	$0	$0	$0
EFRAIN CORIA	TREASURER ST 01/2025	2.00	Officer Director	$0	$0	$0
SUSAN SHILLINGLAW	SECRETARY	2.00	Officer Director	$0	$0	$0
JACK BARTH	DIRECTOR	10.00	Director	$0	$0	$0
LINDA POWELL - MCMILLAN	DIRECTOR	2.00	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
2025	$1,391,527	$2,134,473	$6,661,907	$-742,946
2024	$2,061,260	$1,447,984	$7,405,790	$613,276
2023	$1,951,738	$397,311	$6,623,453	$1,554,427
2022	$1,527,825	$112,493	$5,095,459	$1,415,332
2021	$702,741	$151,925	$3,260,238	$550,816
2020	$1,138,578	$-14,428	$2,709,422	$1,153,006
2019	$1,752,103	$436,786	$1,556,416	$1,315,317

WESTERN FLYER FOUNDATION