GILROY GARDENS FAMILY THEME PARK

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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

1997

Legal Domicile

Principal Officer

HOA LE

Phone

4088407100

Tax Period

2023-01-01 to 2023-12-31

GILROY GARDENS FAMILY THEME PARK, founded in 1997, is a mid-sized nonprofit in the Environment sector that reported $20.9M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $18.9M left a modest 9% surplus.

Mission

TO OPERATE AN EDUCATIONAL INSTITUTION WHOSE MISSION IS TO EDUCATE AND INSPIRE FAMILIES, ESPECIALLY CHILDREN, TO APPRECIATE HORTICULTURE AND THE IMPORTANCE OF TREES IN OUR LIVES BY PROVIDING FUN AND MEMORIES IN A BEAUTIFUL GARDEN SETTING.

Program Service Accomplishments

Program 1

Expenses: $15,157,633 Revenue: $17,926,179

THE OPERATION OF AN EDUCATIONAL AND RECREATIONAL PARK. VISITATION OF 460,000 WITH OPERATING DAYS OF 172. THE OBJECTIVE IS TO SERVE AS A LEARNING CENTER WHERE FAMILIES, ESPECIALLY THOSE WITH PRE-TEEN CHILDREN, CAN EXPERIENCE THE NATURAL SURROUNDINGS. THE PARK WAS BUILT WITH: SIX GARDENS (CONIFER, FLOWER, TROPICAL, CAMELLIA, HOLLY AND HISTORICAL), FOUR LEARNING SHEDS (GEOLOGY, WEATHER & ENVIRONMENT, PACIFIC REDWOOD AND CIRCUS TREES), TWO SEASONAL EXHIBITS (MONARCH BUTTERFLIES AND HONEY BEES), EDUCATIONAL TOUR PROGRAMS (SELF GUIDED, AUDIO AND DOCENT LED), EDUCATIONAL SIGNS AND AN EDUCATIONAL SHOW PRODUCT.

Program 2

Expenses: $478,662 Revenue: $556,922

THE SCHOOL PROMOTIONAL EDUCATIONAL TICKETS PROGRAM. THE OBJECTIVE IS TO ALLOW BAY AREA EDUCATOR'S, BOTH PUBLIC AND PRIVATE, USE OF THE FACILITIES DURING THE REGULAR OPERATING SEASON. STUDENTS CAN...

THE SCHOOL PROMOTIONAL EDUCATIONAL TICKETS PROGRAM. THE OBJECTIVE IS TO ALLOW BAY AREA EDUCATOR'S, BOTH PUBLIC AND PRIVATE, USE OF THE FACILITIES DURING THE REGULAR OPERATING SEASON. STUDENTS CAN COME AND LEARN AT THEIR OWN LEISURE.

Program 3

Expenses: $319,108 Revenue: $371,281

OVERNIGHT CAMPING PROGRAM. THE OBJECTIVE IS TO USE EXCESS LAND AND BALL FIELDS AS A LOCATION FOR EDUCATIONAL ORGANIZATIONS (GIRL SCOUTS, BOY SCOUTS, YMCA) AND FAMILIES TO EXPERIENCE A SAFE OVERNIGHT CAMPING EXPERIENCE COMBINED WITH THE EDUCATIONAL AND ENTERTAINMENT OPPORTUNITIES LISTED UNDER GENERAL OPERATIONS. STUDENTS AND CHILDREN CONTINUE THEIR LEARNING AND EXPERIENCES WITH NATURE.

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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 $985,733

Program Service Revenue $18,564,060

Investment Income $149,378

Other Revenue $1,164,035

TOTAL REVENUE $20,863,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,179,994

Fundraising Expenses $0

Program Expenses $15,955,403

Other Expenses $10,763,849

TOTAL EXPENSES $18,943,843

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,863,206	$17,459,662	+0.2%
Expenses	$18,943,843	$15,771,214	+0.2%
Net Income	$1,919,363	$1,688,448	+0.1%

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

680

Volunteers

108

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

$424,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG EDGAR	CHAIRMAN	2.50	Officer Director	$0	$0	$0
JAY BAKSA	TREASURER	1.50	Officer Director	$0	$0	$0
STEVE PEAT	DIRECTOR	1.50	Director	$0	$0	$0
JANE HOWARD	SECRETARY	1.50	Officer Director	$0	$0	$0
ROBERT ONETO	DIRECTOR	1.50	Director	$0	$0	$0
DAN HARNEY	DIRECTOR	1.50	Director	$0	$0	$0
CAROL MARQUES	CITY COUNCIL	1.50	Director	$0	$0	$0
FRANK JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
HOA LE	PRESIDENT AND GENERAL MANA	45.00	Officer	$249,995	$10,948	$260,943
ALEX VILLALOBOS	ASSISTANT GENERAL MANAGER	45.00	Officer	$154,960	$8,135	$163,095
MICHEL FULCHER	DIRECTOR OF MARKETING & OPERATIONS	40.00	Highest	$120,000	$8,252	$128,252
SANDY LE	DIRECTOR OF REVENUE & SALES	40.00	Highest	$103,000	$14,799	$117,799

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	No data	No data	No data	No data
2023	$20,863,206	$18,943,843	$11,925,515	$1,919,363
2022	$17,459,662	$15,771,214	$10,281,566	$1,688,448
2021	$15,226,211	$11,655,103	$8,749,235	$3,571,108
2020	$1,389,274	$4,240,417	$2,934,586	$-2,851,143
2019	$14,246,630	$13,430,595	$6,067,191	$816,035
2018	$15,446,888	$18,081,591	$6,052,064	$-2,634,703