BALBOA PARK CULTURAL PARTNERSHIP

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

PETER COMISKEY

Phone

6192327502

Tax Period

2024-07-01 to 2025-06-30

BALBOA PARK CULTURAL PARTNERSHIP, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $4.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

BALBOA PARK CULTURAL PARTNERSHIP (BPCP) IS A CALIFORNIA NONPROFIT ORGANIZATION THROUGH WHICH 24 ARTS, SCIENCE, AND CULTURAL ORGANIZATIONS IN THE BALBOA PARK CULTURAL DISTRICT, SAN DIEGO COLLABORATE TO ACHIEVE GREATER ORGANIZATIONAL EFFICIENCY, INNOVATION, AND EXCELLENCE. CULTURAL PARTNERSHIP MEMBER ORGINIZATIONS VARY IN SIZE.

Program Service Accomplishments

Program 1

Expenses: $3,944,449

BALBOA PARK EXPLORER PASSES - THE BALBOA PARK EXPLORER PROGRAM (EXPLORER) PROVIDES GENERAL ADMISSION TO 16 MUSEUMS IN THE CULTURAL DISTRICT WITH A SUITE OF PASSES ONE DAY, SEVEN DAY, AND ANNUAL AS...

BALBOA PARK EXPLORER PASSES - THE BALBOA PARK EXPLORER PROGRAM (EXPLORER) PROVIDES GENERAL ADMISSION TO 16 MUSEUMS IN THE CULTURAL DISTRICT WITH A SUITE OF PASSES ONE DAY, SEVEN DAY, AND ANNUAL AS PART OF THE CULTURAL PARTNERSHIPS EFFORT TO BUILD A BETTER BALBOA PARK EXPERIENCE, OUR GOAL FOR EXPLORER IS TO BROADEN ACCESS TO THE CULTURAL DISTRICT MUSEUMS, MAKING THE VISITOR EXPERIENCE A SMOOTHER, MORE INTERCONNECTED JOURNEY THROUGH OUR MANY DIVERSE ORGANIZATIONS. EXPLORER ALSO PROVIDES A NEW MARKETING OPPORTUNITY, AND A CHANCE TO BUILD A SENSE OF OWNERSHIP AND PRIDE IN THE CULTURAL DISTRICT AMONG OUR VISITORS. ADDITIONALLY, EXPLORER PROVIDES MORE OPPORTUNITIES FOR THE ORGANIZATIONS TO COLLABORATE PROGRAMMATICALLY.

Program 2

Expenses: $443,755

COMMUNITY AND MILITARY ACCESS PASSES BALBOA - BALBOA PARK EXPLORER GIVES BACK TO THE COMMUNITY THROUGH THE COMMUNITY ACCESS PASS (CAP) PROGRAM, WHICH PROVIDES THE OPPORTUNITY FOR HISTORICALLY...

COMMUNITY AND MILITARY ACCESS PASSES BALBOA - BALBOA PARK EXPLORER GIVES BACK TO THE COMMUNITY THROUGH THE COMMUNITY ACCESS PASS (CAP) PROGRAM, WHICH PROVIDES THE OPPORTUNITY FOR HISTORICALLY UNDERSERVED FAMILIES AND INDIVIDUALS, AND NOW ACTIVE-DUTY MILITARY FAMILIES, TO EXPERIENCE THE CULTURAL AND EDUCATIONAL JOYS OF THE MUSEUMS IN THE CULTURAL DISTRICT. THE CAP PROGRAM PARTNERS WITH LOCAL NONPROFITS TO DISTRIBUTE SPONSORED ANNUAL EXPLORER PASSES TO HISTORICALLY UNDERSERVED FAMILIES AND INDIVIDUALS. ESTABLISHED IN 2017, THE MILITARY APPRECIATION PASS (MAP) PROGRAM PROVIDES THE SAME ANNUAL PASSES TO ACTIVE-DUTY MILITARY FAMILIES AND INDIVIDUALS LIVING IN SAN DIEGO COUNTY. SIXTEEN PARTICIPATING CULTURAL PARTNERSHIP MEMBER ORGANIZATIONS PROVIDE SPONSORED ADMISSION TO PASS RECIPIENTS.

Program 3

Expenses: $423,429

PARKWIDE IDEA INCLUSION, DIVERSITY, EQUITY, AND ACCESSIBILITY - THE PARKWIDE IDEA INITIATIVES WERE ESTABLISHED IN 2018 AS MUSEUMS PRIORITIZED WORKING COLLABORATIVELY ON IMPROVING THE INCLUSION...

PARKWIDE IDEA INCLUSION, DIVERSITY, EQUITY, AND ACCESSIBILITY - THE PARKWIDE IDEA INITIATIVES WERE ESTABLISHED IN 2018 AS MUSEUMS PRIORITIZED WORKING COLLABORATIVELY ON IMPROVING THE INCLUSION, DIVERSITY, EQUITY, AND ACCESSIBILITY OF THE CULTURAL DISTRICT ORGANIZATIONS. THESE INITIATIVES LED TO THE FORMATION OF THE PARKWIDE IDEA WORKING GROUP, WHICH INCLUDED REPRESENTATIVES FROM MEMBER VENUES. THE WORKING GROUP COLLABORATES ON GRANTS, PROJECTS AND PROVIDES PEER-TO-PEER SUPPORT TO FURTHER IDEA WORK WITHIN EACH REPRESENTATIVE'S ORGANIZATION. THE WORKING GROUP ALSO PROVIDES LEARNING AND NETWORKING OPPORTUNITIES FOR PARK TEAM MEMBERS SO THEY CAN GROW TOGETHER IN IDEA. IN ADDITION, THE CULTURAL PARTNERSHIP BOARD ESTABLISHED BOARD-LED IDEA EFFORTS IN 2020. THE IDEA TASK FORCE IS COMPOSED OF BOARD MEMBERS WHO HELP GUIDE THE WORKING GROUP AND ENSURE PARTNERS ARE KNOWLEDGEABLE ABOUT EFFORTS THROUGHOUT THE CULTURAL DISTRICT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $562,656

Program Service Revenue $3,510,669

Investment Income $96,492

Other Revenue $169,585

TOTAL REVENUE $4,339,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,000,076

Fundraising Expenses $0

Program Expenses $4,908,064

Other Expenses $3,949,313

TOTAL EXPENSES $4,949,389

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,339,402	$5,177,116	-0.2%
Expenses	$4,949,389	$4,557,515	+0.1%
Net Income	$-609,987	$619,601	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$303,948

Total Directors