GOLDEN STATE BONSAI FEDERATION

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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

1979

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

GOLDEN STATE BONSAI FEDERATION, founded in 1979, is a small nonprofit that reported $399K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $154K, a strong 39% operating margin.

Mission

GSBF WAS FORMED TO RAISE PUBLIC AWARENESS AND EDUCATE THE PUBLIC ABOUT THE ART OF BONSAI.

Program Service Accomplishments

Program 1

Expenses: $168,837 Revenue: $134,628

BONSAI GARDEN PROGRAM: OPERATE AND FUND 3 BONSAI GARDEN: (1) BONSAI GARDEN AT LAKE MERRITT, OAKLAND, CA (2) HUNTINGTON GARDEN, SAN MARINO, CA (3) CLARK BONSAI COLLECTION, FRESNO, CA. ALL GARDENS...

BONSAI GARDEN PROGRAM: OPERATE AND FUND 3 BONSAI GARDEN: (1) BONSAI GARDEN AT LAKE MERRITT, OAKLAND, CA (2) HUNTINGTON GARDEN, SAN MARINO, CA (3) CLARK BONSAI COLLECTION, FRESNO, CA. ALL GARDENS OFFER VISITORS THE OPPORTUNITY TO OBSERVE THE BEST BONSAI SPECIMENS ON THE WEST COAST. ALL GARDENS MAINTAIN REGULAR HOURS TO THE PUBLIC AND ARE STAFFED BY VOLUNTEER DOCENTS AVAILABLE TO EDUCATE AND ANSWER INQUIRES. GSBF CONTRIBUTES MOST OF THE PROFITS FROM HUNTINGTON COLLECTION TO THE HUNTINGTON ENDOWMENT FUND TO HELP FUND THE GARDEN SUPPORT. THE LAKE MERRITT COLLECTION IS LOCATED ON PROPERTY OWNED BY THE CITY OF OAKLAND AND IS SUPPORTED BY MORE THAN 90 VOLUNTEERS. SIMILARLY, CLARK BONSAI COLLECTION IS LOCATED ON PROPERTY OWNED BY THE CITY OF FRESNO AND IS SUPPORTED BY MORE THAN 50 VOLUNTEERS. TO SUPPORT AND MAINTAIN THE THREE GSBF GARDENS, BAZAAR WEEKENDS ARE HELD ANNUALLY.

Program 2

Expenses: $55,860 Revenue: $104,244

VOLUNTEER PROGRAMS: GSBF HOSTS AN ANNUAL CONVENTION FOR APPROXIMATELY 250 BONSAI ENTHUSIASTS FROM ACROSS THE COUNTRY. DEMONSTRATIONS AND EDUCATIONAL SEMINARS BY AMERICAN BONSAI MASTERS AND...

VOLUNTEER PROGRAMS: GSBF HOSTS AN ANNUAL CONVENTION FOR APPROXIMATELY 250 BONSAI ENTHUSIASTS FROM ACROSS THE COUNTRY. DEMONSTRATIONS AND EDUCATIONAL SEMINARS BY AMERICAN BONSAI MASTERS AND PROFESSIONALS ARE FEATURED. THE CONVENTIONS INCLUDE TRAINING AND EDUCATION IN TECHNIQUES AND RELATED MATERIALS. BONSAI BASICS ARE TAUGHT TO NEW ENTHUSIASTS.

Program 3

Expenses: $15,692 Revenue: $37,279

VOLUNTEER PROGRAMS: GSBF SUPPORTS THE 3 BONSAI GARDENS BY PROVIDING PROPERTY AND LIABILITY INSURANCE FOR THE GARDENS. GSBF OFFERS THE MEMBER BONSAI CLUBS AND GROUPS TO OBTAIN DISCOUNTED LIABILITY...

VOLUNTEER PROGRAMS: GSBF SUPPORTS THE 3 BONSAI GARDENS BY PROVIDING PROPERTY AND LIABILITY INSURANCE FOR THE GARDENS. GSBF OFFERS THE MEMBER BONSAI CLUBS AND GROUPS TO OBTAIN DISCOUNTED LIABILITY INSURANCE FOR CLUB ACTIVITIES IF DESIRED. IN ADDITION, GSBF SPONSORS QUARTERLY EDUCATIONAL ZOOM PRESENTATIONS CALLED GOLDEN ZOOM, TO PROVIDE ADDITIONAL EDUCATION TO MEMBERS OF GSBF CLUBS.

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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 $398,976

Program Service Revenue $0

Investment Income $34

Other Revenue $0

TOTAL REVENUE $399,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $240,389

Other Expenses $245,100

TOTAL EXPENSES $245,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$399,010	$460,574	-0.1%
Expenses	$245,100	$254,071	0.0%
Net Income	$153,910	$206,503	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GORDON DEEG	BONSAI GARDEN AT LAKE MERRITT	10.00	Director	$0	$0	$0
ROBERT HILVERS	CLARK BONSAI COLLECTION	20.00	Director	$0	$0	$0
MICHAEL M ROBERTS	PRESIDENT	20.00	Officer Director	$0	$0	$0
DOREEN NEWMAN	TREASURER	15.00	Officer Director	$0	$0	$0
CHERYL MANNING	HUNGTINGTON BONSAI GARDEN	5.00	Officer	$0	$0	$0
PAM GRASSMIDT	MEMBER	5.00	Officer	$0	$0	$0
DAMON DUBOIS	SECRETARY	5.00	Officer	$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	$399,010	$245,100	$826,278	$153,910
2022	$460,574	$254,071	$664,651	$206,503
2021	$148,488	$133,891	$442,080	$14,597
2020	$220,297	$233,268	$429,236	$-12,971
2019	$249,629	$223,805	$433,730	$25,824
2018	$353,106	$372,614	$392,907	$-19,508