MALIBU FOUNDATION FOR YOUTH AND FA… - 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

1999

Legal Domicile

Principal Officer

KASEY EARNEST

Phone

3104571400

Tax Period

2024-01-01 to 2024-12-31

MALIBU FOUNDATION FOR YOUTH AND FAMILIES, founded in 1999, is a community nonprofit in the Youth Development sector that reported $2.2M in total revenue in fiscal year 2024. Expenses of $2.8M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO significantly enhance the lives of all youth to fulfill their potential as caring, productive, and contributing citizens.

Program Service Accomplishments

Program 1

Expenses: $1,222,990 Revenue: $322,211

AFTER SCHOOL PROGRAMSTHE SET UP AND FUND AFTER SCHOOL PROGRAMS FOR AGES 6-18 INCLUDING EDUCATIONAL, ATHLETIC, ARTS AND SOCIAL ACTIVITIES, NOW INCLUDES MALIBU HIGH SCHOOL, WEBSTER ELEMENTARY SCHOOL...

AFTER SCHOOL PROGRAMSTHE SET UP AND FUND AFTER SCHOOL PROGRAMS FOR AGES 6-18 INCLUDING EDUCATIONAL, ATHLETIC, ARTS AND SOCIAL ACTIVITIES, NOW INCLUDES MALIBU HIGH SCHOOL, WEBSTER ELEMENTARY SCHOOL, AND MALIBU ELEMENTARY SCHOOL. MALIBU FOUNDATION FOR YOUTH AND FAMILIES PROVIDES 32 HOURS OF CARE AFTER SCHOOL WEEKLY. APPROXIMATELY 1,400 CHILDREN ARE IMPACTED ANNUALLY.

Program 2

Expenses: $428,141

THE WELLNESS CENTERA MULTI-FACET PROGRAM, THE BGCM WELLNESS CENTER OFFERS SOCIAL AND EMOTIONAL CURRICULUMS, MENTAL HEALTH AND SOCIAL SERVICES, AND DISASTER CASE MANAGEMENT. THE BGCM WELLNESS CENTER PROVIDES STAFF, TEACHER AND PARENT TRAININGS AND SUPPORT FOR THE COMMUNITY. THE BGCM WELLNESS CENTER IS A TRAINING FACILITY FOR MFT AND MSW INTERNS FROM SURROUNDING LOS ANGELES UNIVERSITIES. THE STAFF AND INTERNS PROVIDE SAFETY AND OVERALL MENTAL WELL-BEING OF THE YOUTH IN BOYS & GIRLS CLUB COMMUNITY AND MALIBU PUBLIC SCHOOLS. THE STAFF AND INTERNS PROVIDE CARE COORDINATION AND SOCIAL SERVICES FOR SOME COMMUNITY MEMBERS AND IN RESPONSE TO DISASTERS. BGCM WELLNESS CENTER CONSISTS OF A DEDICATED GROUP OF STAFF AND INTERNS WITH BACKGROUNDS IN MENTAL HEALTH COUNSELING, PSYCHO-EDUCATION, SOCIAL WORK AND LIFE COACHING AND DISASTER CASE MANAGEMENT. THE BGCM WELLNESS CENTER PROVIDES SERVICES TO MALIBU YOUTH, FAMILIES AND SURROUNDING COMMUNITY. ANNUALLY 3,000 INDIVIDUALS ARE SERVED THROUGH PROGRAM AND SERVICES.

Program 3

Expenses: $334,392

YOUTH INNOVATIONSPACE, GALLERY AND STORE USED TO FOSTER CREATIVITY, ENTREPRENEURSHIP, AND CONNECTION TO THE COMMUNITY.

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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 $1,838,847

Program Service Revenue $332,211

Investment Income $1,565

Other Revenue $8,009

TOTAL REVENUE $2,180,632

Expense Breakdown

Grants Paid $10,463

Salaries & Benefits $1,904,040

Fundraising Expenses $363,465

Program Expenses $2,010,430

Other Expenses $868,576

TOTAL EXPENSES $2,783,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,180,632	$2,290,614	0.0%
Expenses	$2,783,079	$2,553,339	+0.1%
Net Income	$-602,447	$-262,725	+1.3%

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

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

$183,936

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KASEY EARNEST	Executive Dir.	40.00	Officer	$149,870	$34,066	$183,936
NATHAN JONES	President	1.00	Officer Director	$0	$0	$0
MONICA LUREY	Secretary	1.00	Officer Director	$0	$0	$0
DEBBIE FRANK	IMM. PAST PRES.	1.00	Director	$0	$0	$0
SALLY PHILIPS	Director	1.00	Director	$0	$0	$0
LAILA TASLIMI	Director	1.00	Director	$0	$0	$0
MONA VINCE	ACT. Treasurer	1.00	Officer Director	$0	$0	$0
LONNIE VIDAURRI	Director	1.00	Director	$0	$0	$0
ADAM SABET	FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
JENNY KESSLER	Director	1.00	Director	$0	$0	$0
ASTRID HERTZ	Director	1.00	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	$2,180,632	$2,783,079	$1,124,676	$-602,447
2023	$2,142,475	$2,488,226	$1,726,773	$-345,751
2023	$2,290,614	$2,553,339	$1,324,502	$-262,725
2022	$2,026,587	$2,362,104	$1,479,681	$-335,517
2021	$3,877,114	$2,339,981	$1,819,786	$1,537,133
2020	$1,364,928	$1,543,218	$398,334	$-178,290
2019	$1,827,602	$1,899,026	$437,276	$-71,424
2018	$2,167,853	$1,868,424	$496,276	$299,429

MALIBU FOUNDATION FOR YOUTH AND FAMILIES