UNITED STATES OLYMPIC AND PARALYMPIC PROPERTIES LLC

EIN: 320570956 501(c)(3) Recreation & Sports

LOS ANGELES, CA

Total Revenue
$71,641,029
Total Expenses
$80,100,829
Total Assets
$147,990,533
Net Assets
$-87,847,312
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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
2022
Legal Domicile
DE
Principal Officer
KAREN STURGES
Phone
4243204500
Tax Period
2023-01-01 to 2023-12-31

UNITED STATES OLYMPIC AND PARALYMPIC PROPERTIES LLC, founded in 2022, is a mid-sized nonprofit in the Recreation & Sports sector that reported $71.6M in total revenue in fiscal year 2023. Revenue surged 4699% from the prior year, signaling strong growth momentum. Expenses of $80.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

UNITED STATES OLYMPIC AND PARALYMPIC PROPERTIES, LLC (USOPP) WILL IMPROVE AND ENHANCE THE QUALITY OF LIFE OF THE RESIDENTS OF THE CITY OF LOS ANGELES AND THE SURROUNDING METROPOLITAN AREA THROUGH THE HOSTING OF THE 2028 GAMES OF THE XXXIV OLYMPIAD AND THE XVIII PARALYMPIC GAMES IN LOS ANGELES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,312,491
Program Service Revenue $34,319,198
Investment Income $1,029,333
Other Revenue $1,980,007
TOTAL REVENUE $71,641,029

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,282,678
Fundraising Expenses $27,407,796
Program Expenses $27,616,686
Other Expenses $72,818,151
TOTAL EXPENSES $80,100,829

Year-over-Year Comparison

2023 2022 Change
Revenue $71,641,029 $1,492,701 +47.0%
Expenses $80,100,829 $2,300,692 +33.8%
Net Income $-8,459,800 $-807,991 +9.5%
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

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Governance

Voting Members
3
Independent Members
3
Employees
47
Volunteers
3

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
6
$5,302,456
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CASEY WASSERMAN CHAIRPERSON/PRESIDENT 0.50
Officer Director
$0 $0 $0
SARAH HIRSHLAND DIRECTOR 0.10
Director
$0 $0 $0
GENE SKYES DIRECTOR (BEGIN 01/23) 0.10
Director
$0 $0 $0
CHRISTOPHER PEPE CHIEF COMMERCIAL OFFICER 39.90
Officer
$927,210 $1,148 $928,358
DANIEL KOBLIN CHIEF OPERATING OFFICER 39.90
Officer
$712,380 $6,168 $718,548
TANJA OLANO CHIEF LEGAL OFFICER 20.00
Officer
$0 $2,313 $1,020,218
KAREN STURGES CHIEF FINANCIAL OFFICER 20.00
Officer
$0 $6,168 $635,488
KATHRYN CARTER CHIEF EXECUTIVE OFFICER 20.00
Officer
$0 $4,554 $1,999,844
DAVID MINGEY SVP, PARTNERSHIP MGMT & ACTIVATION 40.00
Highest
$638,484 $12,131 $650,615
PETER ZEYTOONJIAN SVP, COMMERCE & EVENTS 40.00
Highest
$517,726 $1,980 $519,706
HAYLE CHUN SR DIRECTOR, BUSINESS OPERATIONS 40.00
Highest
$267,768 $12,060 $279,828
RYAN EDDY VP, PARTNERSHIPS 40.00
Highest
$334,058 $5,045 $339,103
PABLO GARCIA SR DIRECTOR, BUSINESS OPERATIONS 40.00
Highest
$242,216 $1,126 $243,342
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 $71,641,029 $80,100,829 $147,990,533 $-8,459,800
2022 $1,492,701 $2,300,692 $48,056,767 $-807,991
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