KING HARBOR YOUTH FOUNDATION 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

1982

Legal Domicile

Principal Officer

Mark Folkman

Phone

4242877245

Tax Period

2025-01-01 to 2025-12-31

KING HARBOR YOUTH FOUNDATION INC, founded in 1982, is a small nonprofit that reported $588K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $553K left a modest 6% surplus.

Mission

A non-profit corporation created to promote youth sailing in Southern California, our mission is to provide access to the sport of sailing to local girls and boys of all backgrounds, in order to build self-esteem, teamwork and a respect for the environment.

Program Service Accomplishments

Program 1

Expenses: $313,940 Revenue: $182,745

Sailing Education Camps. Conducted daily coaching programs for Beginner through Advanced level sailing. Served approximately 200 youths aged 8-15 in Summer Sailing and Spring/Fall Sailing Programs.

Program 2

Expenses: $147,365 Revenue: $174,227

Race Team and High School Sailing Programs. Conducted activities supporting youth sailboat racing including coaching and hosting team practice sessions, traveling to and hosting regattas, and funding youth travel grant requests. Served approximately 40 team members on roughly 10 days per month.

Program 3

Expenses: $704 Revenue: $0

Outreach Programs. Conducted the New Channels Program, an avenue to get individuals on the water that would not otherwise have the opportunity. These activities are provided free of charge to groups including inner-city kids, at-risk youngsters, abused children, disabled/challenged individuals and many others. Sessions range about two hours and include activities such as sailing, power boating, and kayaking. Sessions are conducted by volunteers. Served approximately 170 individuals.

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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 $221,288

Program Service Revenue $356,972

Investment Income $9,991

Other Revenue $0

TOTAL REVENUE $588,251

Expense Breakdown

Grants Paid $2,174

Salaries & Benefits $356,277

Fundraising Expenses $0

Program Expenses $532,359

Other Expenses $194,086

TOTAL EXPENSES $552,537

Year-over-Year Comparison

	2025	2024	Change
Revenue	$588,251	$421,361	+0.4%
Expenses	$552,537	$444,564	+0.2%
Net Income	$35,714	$-23,203	-2.5%

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

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
Mark Folkman	President	5	Officer Director	$0	$0	$0
Mark Spiwak	Vice President	5	Officer Director	$0	$0	$0
Kristy Lenehan	Secretary	4	Officer Director	$0	$0	$0
Michael Delanty	Treasurer	4	Officer Director	$0	$0	$0
Andy Beggs	Director	2	Director	$0	$0	$0
Brandon Folkman	Director	2	Director	$0	$0	$0
Graham Hebson	Director	2	Director	$0	$0	$0
Steve Henry	Director	2	Director	$0	$0	$0
Pat Lenehan	Director	2	Director	$0	$0	$0
Erika Lieser	Director	2	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	$588,251	$552,537	$752,471	$35,714
2024	$421,361	$444,564	$585,056	$-23,203
2023	$426,153	$403,502	$586,551	$22,651
2022	$391,014	$304,083	$549,395	$86,931
2021	$393,403	$304,555	$510,006	$88,848
2020	$215,925	$237,230	$433,759	$-21,305
2019	$256,011	$294,063	$396,245	$-38,052
2018	$270,881	$265,560	$396,265	$5,321