Balboa Spirit Club

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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

1991

Legal Domicile

Phone

8183494801

Tax Period

2024-08-01 to 2025-07-31

Balboa Spirit Club, founded in 1991, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $177K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $204K exceeded revenue, resulting in a 15% operating deficit.

Mission

Balboa Spirit Club sponsors education/enrichment programs provide classroom/emergency supplies and funds equipment acquistion for the benefit of the students at Balboa Magnet Elementary School.

Program Service Accomplishments

Program 1

Expenses: $203,463

Education enrichment in computer technology, music, science and physical education.

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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 (2024)

Revenue Breakdown

Contributions & Grants $189,703

Program Service Revenue $0

Investment Income $0

Other Revenue $-12,700

TOTAL REVENUE $177,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,463

Other Expenses $203,813

TOTAL EXPENSES $203,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,003	$212,339	-0.2%
Expenses	$203,813	$276,191	-0.3%
Net Income	$-26,810	$-63,852	-0.6%

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

N/A

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
Steven Otterman	President	20.00	Officer	$0	$0	$0
Amy Sampson	Secretary	20.00	Officer	$0	$0	$0
Ajai Sharma	Treasurer	10.00	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
2025	$177,003	$203,813	$420,463	$-26,810
2024	$212,339	$276,191	$447,273	$-63,852
2023	$205,464	$162,716	$511,125	$42,748
2019	$252,650	$163,932	$369,354	$88,718