ELKS RECREATION INC

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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

1949

Legal Domicile

Phone

8059254125

Tax Period

2023-01-01 to 2023-12-31

ELKS RECREATION INC, founded in 1949, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $3.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO FOSTER, PROMOTE, AND ENCOURAGE PUBLIC SPORTS, ATHLETICS AND OTHER AMUSEMENTS AND RECREATIONS. AND TO FOSTER AND ENCOURAGE PUBLIC PROGRAMS AND CONTESTS FOR SUCH PURPOSES

Program Service Accomplishments

Program 1

Expenses: $1,803,421 Revenue: $1,606,211

THE ORGANIZATION CONDUCTS THE ANNUAL SANTA MARIA ELKS RODEO. SINCE 1943 THE RODEO GENERATES FUNDS FOR YOUTH RECREATION IN THE SANTA MARIA VALLEY. THE RODEO ATTRACTS WORLD CLASS COMPETITION, AND HAS...

Program 2

Expenses: $25,265 Revenue: $83,750

ANNUAL CHRISTMAS IN THE COUNTRY IS HELD DURING HOLIDAY PERIOD FOR LOCAL SANTA MARIA VALLEY AND SURROUNDING COMMUNITIES. ENTERTAINMENT ACTS AND CHRISTMAS DECOR ARE SETUP ON THE RODEO GROUNDS FOR...

ANNUAL CHRISTMAS IN THE COUNTRY IS HELD DURING HOLIDAY PERIOD FOR LOCAL SANTA MARIA VALLEY AND SURROUNDING COMMUNITIES. ENTERTAINMENT ACTS AND CHRISTMAS DECOR ARE SETUP ON THE RODEO GROUNDS FOR FAMILIES TO DRIVE THRU.

Program 3

Expenses: $1,126 Revenue: $38,085

ANNUAL HAUNTED HILLS IS HELD DURING THE HARVEST PERIOD TO HALLOWEEN FOR LOCAL SANTA MARIA VALLEY FAMILIES AND SURROUNDING COMMUNITIES. VOLUNTEERS DECORATE AND ACT OUT A DRIVE THRU HAUNTED HOUSE ON...

ANNUAL HAUNTED HILLS IS HELD DURING THE HARVEST PERIOD TO HALLOWEEN FOR LOCAL SANTA MARIA VALLEY FAMILIES AND SURROUNDING COMMUNITIES. VOLUNTEERS DECORATE AND ACT OUT A DRIVE THRU HAUNTED HOUSE ON THE RODEO GROUNDS.

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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 $14,260

Program Service Revenue $2,697,956

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,712,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $533,930

Fundraising Expenses $0

Program Expenses $2,809,421

Other Expenses $2,525,172

TOTAL EXPENSES $3,059,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,712,216	$2,241,706	+0.2%
Expenses	$3,059,102	$2,413,427	+0.3%
Net Income	$-346,886	$-171,721	+1.0%

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

Employees

Volunteers

200

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
PETER STERLING	PRESIDENT	4.00	Officer	$0	$0	$0
SCOTT PARSONS	VICE PRESIDENT	4.00	Officer	$0	$0	$0
MIKE ARNDT	SECRETARY	4.00	Officer	$0	$0	$0
TOMMY GEE	TREASURER	4.00	Officer	$0	$0	$0
TINA TONASCIA	EMPLOYEE	50.00	Highest	$248,475	$0	$248,475
WES BROWN	DIRECTOR	4.00	Director	$0	$0	$0
AARON CASTELLANOS	DIRECTOR	4.00	Director	$0	$0	$0
CHUCK BIELY	DIRECTOR	4.00	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
2024	No data	No data	No data	No data
2023	$2,712,216	$3,059,102	$672,402	$-346,886
2022	$2,241,706	$2,413,427	$741,674	$-171,721
2021	$2,605,349	$2,577,307	$747,925	$28,042
2020	$1,012,736	$1,110,473	$1,016,723	$-97,737
2019	$2,142,694	$2,254,833	$683,528	$-112,139
2018	$1,938,369	$1,968,208	$881,899	$-29,839