SAN MATEO CITY PARKS AND RECREATIO… - 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

2011

Legal Domicile

Principal Officer

Cliff Robbins

Phone

6505227400

Tax Period

2022-01-01 to 2022-12-31

SAN MATEO CITY PARKS AND RECREATION FOUNDATION, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $124K in total revenue in fiscal year 2022. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $112K, a strong 91% operating margin.

Mission

To aid, sponsor, promote, advance, and assist in the provision of public parks and recreation in the City of San Mateo

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $76,098

Fallen Heroes Memorial - The Memorial will include a number of monoliths etched with the names of community members and City employees who lost their lives in the line of duty. When aligned, the...

Fallen Heroes Memorial - The Memorial will include a number of monoliths etched with the names of community members and City employees who lost their lives in the line of duty. When aligned, the monoliths form the shape of the iconic Remembrance Poppy https://www.cityofsanmateo.org/4515/Fallen-Heroes-Memorial

Program 2

Expenses: $4,254 Revenue: $15,495

Support to City of San Mateo Parks and Recreation Department - direct funding for the City to help fund Central Park Summer Music Series https://www.cityofsanmateo.org/Calendar.aspx?EID=15134.

Program 3

Expenses: $2,999 Revenue: $450

Urban Trail Marker #1

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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 (2022)

Revenue Breakdown

Contributions & Grants $121,530

Program Service Revenue $0

Investment Income $2,047

Other Revenue $0

TOTAL REVENUE $123,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,253

Other Expenses $11,692

TOTAL EXPENSES $11,692

Year-over-Year Comparison

	2022	2021	Change
Revenue	$123,577	$262,327	-0.5%
Expenses	$11,692	$19,830	-0.4%
Net Income	$111,885	$242,497	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cliff Robbins	President	1	Officer Director	$0	$0	$0
Ken Chin	Vice-President	1	Officer Director	$0	$0	$0
Lisa Sakaguchi	Secretary	1	Officer Director	$0	$0	$0
Fred Hansson	Treasurer	1	Officer Director	$0	$0	$0
Carole Groom	Director	0.5	Director	$0	$0	$0
Renee Luenow	Director	1	Director	$0	$0	$0
Matthew Jacobs	Director	0.5	Director	$0	$0	$0
Pam Hansson	Director	1	Director	$0	$0	$0
Stephanie Pearlman	Director	0	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
2022	$123,577	$11,692	$453,771	$111,885
2021	$262,327	$19,830	$341,886	$242,497

SAN MATEO CITY PARKS AND RECREATION FOUNDATION