LONG BEACH MERCHANTS ASSOCIATION

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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

1989

Legal Domicile

Principal Officer

WILLIAM C SVENDSEN

Phone

3606423423

Tax Period

2023-01-01 to 2023-12-31

LONG BEACH MERCHANTS ASSOCIATION, founded in 1989, is a small nonprofit that reported $100K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $113K exceeded revenue, resulting in a 13% operating deficit.

Mission

Sponsoring and organizing several local festivals throughout the year to attract tourism and shopping

Program Service Accomplishments

Program 1

Expenses: $105,722 Revenue: $47,916

Visitors Center sells merchandise for all fundraising events held during the year. It also provides business services for local businesses.

Program 2

Expenses: $36,777 Revenue: $32,971

Sandsations is a Sand Castle event held annually.

Program 3

Expenses: $35,614 Revenue: $27,280

Razor Clam Festival - Annual event celebrating harvesting Razor Clams from our local beach.

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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 $126,425

Program Service Revenue $0

Investment Income $12

Other Revenue $-26,293

TOTAL REVENUE $100,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,028

Fundraising Expenses $10,030

Program Expenses $178,113

Other Expenses $49,373

TOTAL EXPENSES $113,401

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,144	$120,432	-0.2%
Expenses	$113,401	$82,678	+0.4%
Net Income	$-13,257	$37,754	-1.4%

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

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
KARLA JENSEN	President	2.000	Officer	$0	$0	$0
MARY A KANZ	Secretary	2.000	Officer	$0	$0	$0
WILLIAM C SVENDSEN	Treasurer	5.000	Officer	$0	$0	$0
DANEKA EWERT	Director	1.000	Director	$0	$0	$0
GAYLE DILLON	Director	3.000	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
2023	$100,144	$113,401	$112,494	$-13,257
2022	$120,432	$82,678	$122,230	$37,754