ALPHA RESOURCE CENTER OF SANTA BAR… - Form 990 Financial Data

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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

1955

Legal Domicile

Principal Officer

JOSHUA WEITZMAN

Phone

8056832145

Tax Period

2023-07-01 to 2024-06-30

ALPHA RESOURCE CENTER OF SANTA BARBARA, founded in 1955, is a community nonprofit in the Human Services sector that reported $4.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

ALPHA RESOURCE CENTER OF SANTA BARBARA IS COMMITTED TO EMPOWERING INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES, SUPPORTING FAMILIES AND FOSTERING A COMMUNITY THAT VALUES THE CONTRIBUTION OF ALL PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $2,346,086 Revenue: $2,405,726

ALPHA CATHEDRAL OAKS DAY PROGRAM 1:4 PROVIDES INDEPENDENT LIVING, WORKING, SOCIAL AND RECREATIONAL TRAINING, EMPLOYMENT, COMMUNITY ACCESS AND INTEGRATION AND DEVELOPMENT FOR ADULTS WITH INTELLECTUAL...

Program 2

Expenses: $580,315

SLINGSHOT IS AN ART STUDIO AND GALLERY THAT PROVIDES ARTISTS WITH DEVELOPMENTAL DISABILITIES GREATER VISABILITY AND ACCESS TO SELL ART. ARTISTS WORK IN FAMILIAR MEDIUMS AND ARE INTRODUCED TO NEW...

SLINGSHOT IS AN ART STUDIO AND GALLERY THAT PROVIDES ARTISTS WITH DEVELOPMENTAL DISABILITIES GREATER VISABILITY AND ACCESS TO SELL ART. ARTISTS WORK IN FAMILIAR MEDIUMS AND ARE INTRODUCED TO NEW MEDIUMS WITH THE INTENTION OF INSPIRING CREATIVE GROWTH BY A TEAM OF TEACHING ARTISTS. EACH ARTIST IS RECOGNIZED FOR THIER TALENT, IS SUPPOSED TO LET THEIR IMAGINATION FLOW, AND ALL ARE EXPECTED TO MAKE A COMMITMNET TO THE CREATIVE PROCESS. THERE WERE 36 PARTICIPANTS DURING THE CURRENT YEAR.

Program 3

Expenses: $1,029,521

ALPHA CHILDREN AND FAMILY SERVICES PROVIDE FAMILY SUPPORT FOR APPROXIMATELY 1050 INDIVIDUALS IN THE COUNTY OF SANTA BARBARA. THE FAMILY FIRST PROGRAM PROVIDES INFORMATION, RESOURCES, REFERRAL, AND...

ALPHA CHILDREN AND FAMILY SERVICES PROVIDE FAMILY SUPPORT FOR APPROXIMATELY 1050 INDIVIDUALS IN THE COUNTY OF SANTA BARBARA. THE FAMILY FIRST PROGRAM PROVIDES INFORMATION, RESOURCES, REFERRAL, AND PARENT-TO-PARENT SUPPORT.

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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 $1,568,145

Program Service Revenue $2,405,726

Investment Income $-15,706

Other Revenue $908,402

TOTAL REVENUE $4,866,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,679,786

Fundraising Expenses $289,871

Program Expenses $4,017,389

Other Expenses $1,151,253

TOTAL EXPENSES $4,831,039

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,866,567	$4,479,625	+0.1%
Expenses	$4,831,039	$4,447,494	+0.1%
Net Income	$35,528	$32,131	+0.1%

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

164

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

$304,086

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG ALLARD	TREASURER	2.00	Officer Director	$0	$0	$0
CRAIG BUZZELL	DIRECTOR	1.00	Director	$0	$0	$0
MARC SUCHER	DIRECTOR	1.00	Director	$0	$0	$0
BOB WALSMITH JR	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HARRIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
DEREK SWAFFORD	DIRECTOR	1.00	Director	$0	$0	$0
DESIRAE MAIER	DIRECTOR	1.00	Director	$0	$0	$0
FELISA STRICKLAND	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
NANCY CASTRO	DIRECTOR	1.00	Director	$0	$0	$0
EVELYNN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BOWEN	SECRETARY	2.00	Officer Director	$0	$0	$0
CAMILLE RUTHERFORD	DIRECTOR	1.00	Director	$0	$0	$0
RENE EYERLY	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN CASHIN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH HAAKE	DIRECTOR	1.00	Director	$0	$0	$0
CORDELIA SHERMAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$131,973	$13,897	$145,870
JOSHUA WEITZMAN	EXECUTIVE DIRECTOR	40.00	Officer	$149,278	$8,938	$158,216
JEFF HENSON	DIRECTOR OF DEVELOPMENT	40.00	Highest	$117,952	$7,460	$125,412

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	No data	No data	No data	No data
2024	$4,866,567	$4,831,039	$6,581,955	$35,528
2023	$4,479,625	$4,447,494	$6,572,734	$32,131
2022	$3,808,550	$3,886,266	$5,122,509	$-77,716
2021	$4,252,413	$3,045,710	$5,367,147	$1,206,703
2020	$3,260,300	$3,253,658	$4,714,810	$6,642

ALPHA RESOURCE CENTER OF SANTA BARBARA