BALBOA ISLAND IMPROVEMENT ASSOCIAT… - 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

1918

Legal Domicile

Principal Officer

SCOTT MEHLBERGER

Phone

9496751773

Tax Period

2023-01-01 to 2023-12-31

BALBOA ISLAND IMPROVEMENT ASSOCIATION, founded in 1918, is a small nonprofit that reported $237K in total revenue in fiscal year 2023. The organization ran a surplus of $40K, a strong 17% operating margin.

Mission

COMMUNITY IMPROVEMENT ASSOCIATION

Program Service Accomplishments

Program 1

Expenses: $147,520 Revenue: $236,627

IN 1918, THE BALBOA ISLAND IMPROVEMENT ASSOCIATION WAS STARTED (BIIA). THE BIIA WAS A STRONG MOTIVATING FORCE IN WORKING WITH THE CITY OF NEWPORT BEACH ON BULKHEAD REPAIR, FERRY SERVICE, A SEWER...

IN 1918, THE BALBOA ISLAND IMPROVEMENT ASSOCIATION WAS STARTED (BIIA). THE BIIA WAS A STRONG MOTIVATING FORCE IN WORKING WITH THE CITY OF NEWPORT BEACH ON BULKHEAD REPAIR, FERRY SERVICE, A SEWER SYSTEM, WATER, GAS, ELECTRICITY, PAVED STREETS AND SIDEWALKS, AND STREET LIGHTING.BALBOA ISLAND IMPROVEMENT ASSOCIATION HOSTS SEVERAL ANNUAL CELEBRATIONS INCLUDING THE HOLIDAY BOAT PARADE, TREE LIGHTING, HOME TOURS, ISLAND PARADE AND AN ART WALK.

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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 $236,627

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $236,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,520

Other Expenses $196,692

TOTAL EXPENSES $196,692

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,627	$245,077	0.0%
Expenses	$196,692	$181,571	+0.1%
Net Income	$39,935	$63,506	-0.4%

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
LARRY KALLESTAD	MMBERSHIP	1.00	Director	$0	$0	$0
SUE SIBLEY	Secretary	1.00	Director	$0	$0	$0
ANNETTE GIERMAN	Director	1.00	Director	$0	$0	$0
PENNY RODHEIM	Director	1.00	Director	$0	$0	$0
KRISTINE TAFT	Director	0.00	Director	$0	$0	$0
CATHY SAARI	Director	0.00	Director	$0	$0	$0
DEA BURTON	Director	0.00	Director	$0	$0	$0
DAN ABBOTT	President	10.00	Officer	$0	$0	$0
TERRY JANSSEN	Vice President	10.00	Officer	$0	$0	$0
SCOTT MEHLBERGER	Treasurer	20.00	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
2023	$236,627	$196,692	$173,996	$39,935
2022	$245,077	$181,571	$134,176	$63,506

BALBOA ISLAND IMPROVEMENT ASSOCIATION