Farallon Aquatics Inc
Nonprofit profile at a glance
- EIN
- 333545846
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025
- Location
- Sausalito, CA, USA
- Phone
- 4087477219
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $120,951
- Expenses
- $90,942
- Assets
- $45,114
- Liabilities
- $15,105
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- Alicia Hansel (Director)
- Johnny Hooper (Director)
- Joseph Parente (Treasurer/Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The specific purpose of this nonprofit public benefit corporation is to ensure access to aquatic sports for underserved communities through scholarships and outreach programs, and provide water safety education and high-performance aquatics training for youth and student-athletes while fostering community engagement, youth development, and environmental stewardship.
What it reported doing in 2025
Farallon has now helped over 70 athletes become better water polo players, and services are provided at cost. In the 2025 season, the club entered Junior Olympics as 16th seed and finished 4th overall in the Bronze Division. The club has moved up a division in Futures from D3 to D2 and are firmly among the best teams in Marin.
Operating model
- Revenue model
- Earned-program. 73% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 100
- Sustainability: 56
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 24.8%; rating input score 25
- Program expense ratio: 33%; rating input score 33
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 24.8%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 0.5; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 24.8% of revenue deployed · 33% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $30K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 25/100.
- Moderate — Financial Efficiency: Program expense ratio scored 33/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.