NO SURF HOUSE (EIN 931936060) - 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

2023

Legal Domicile

Principal Officer

JASON HAMAD

Phone

3522623323

Tax Period

2025-01-01 to 2025-12-31

NO SURF HOUSE, founded in 2023, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $94K in total revenue in fiscal year 2025. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $38K, a strong 40% operating margin.

Mission

EXPANDING THE VARIETY OF LOCALLY AVAILABLE LIVE MUSIC, SUPPORTING ARTS, AND BUILDING A COMMUNITY BY FURNISHING MODEST-INCOME TOURING MUSICIANS SUBSIDIZED LODGING, PROVIDING EARLY-CAREER LOCAL ARTISTS LOW-COST HOSUING, AND ORGANIZING UNIQUE PERFORMANCE OPPORTUNITITES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $93,268

Program Service Revenue $0

Investment Income $0

Other Revenue $522

TOTAL REVENUE $93,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,000

Fundraising Expenses $0

Program Expenses $56,260

Other Expenses $32,260

TOTAL EXPENSES $56,260

Year-over-Year Comparison

	2025	2024	Change
Revenue	$93,790	$389,127	-0.8%
Expenses	$56,260	$127,405	-0.6%
Net Income	$37,530	$261,722	-0.9%

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

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

$24,000

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON HAMAD	PRESIDENT	40.00	Officer Director	$24,000	$0	$24,000
JANE MCMULLEN	SECRETARY	4.00	Officer Director	$0	$0	$0
ALAN PENDERGRASS	TREASURER	4.00	Officer 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	$93,790	$56,260	$301,384	$37,530
2024	$389,127	$127,405	$266,600	$261,722

NO SURF HOUSE