Horton Plaza Theatres Foundation

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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

1983

Legal Domicile

Principal Officer

Diane Ferris

Phone

6195337131

Tax Period

2024-07-01 to 2025-06-30

Horton Plaza Theatres Foundation, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $336K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $423K exceeded revenue, resulting in a 26% operating deficit.

Mission

Horton Plaza Theatres Foundation was organized to establish, operate and maintain one or more legitimate theaters in the City of San Diego for the production and presentation of dramatic, musical and artistic works and for the promotion of theater and fine arts in the City of San Diego through educational, culutral and artistic programs.

Program Service Accomplishments

Program 1

Expenses: $312,847 Revenue: $8,550

Provided 155,660 in utility expense assistance to Repertory as theatres were closed during fiscal year due to Horton Plaza remodel. Repairs to elevator and other leasehold improvements along with...

Provided 155,660 in utility expense assistance to Repertory as theatres were closed during fiscal year due to Horton Plaza remodel. Repairs to elevator and other leasehold improvements along with general operation of the theatre.

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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 (2024)

Revenue Breakdown

Contributions & Grants $327,800

Program Service Revenue $0

Investment Income $8,550

Other Revenue $0

TOTAL REVENUE $336,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,087

Fundraising Expenses $0

Program Expenses $312,847

Other Expenses $333,157

TOTAL EXPENSES $423,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,350	$356,435	-0.1%
Expenses	$423,244	$291,115	+0.5%
Net Income	$-86,894	$65,320	-2.3%

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

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

Total Directors

Key Employees

$77,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Simmons Sandra	Executive Director	040.00	Key Emp	$77,000	$0	$77,000
Henslee Jay	Director	001.00	Director	$0	$0	$0
Montoya George	Director	001.00	Director	$0	$0	$0
Faircloth Megan	Director	001.00	Director	$0	$0	$0
Martini Rachelle	Director	001.00	Director	$0	$0	$0
Varco Susan	President	001.00	Officer	$0	$0	$0
Gattey Jennifer	Vice President	001.00	Officer	$0	$0	$0
Paule D Candis	Secretary	001.00	Officer	$0	$0	$0
Stewart Patrick	Treasurer	001.00	Officer	$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
2025	$336,350	$423,244	$482,846	$-86,894
2025	No data	No data	No data	No data
2024	$356,435	$291,115	$554,769	$65,320
2023	$387,767	$322,951	$486,961	$64,816
2022	$409,174	$336,705	$422,732	$72,469
2021	$345,067	$345,000	$349,650	$67
2020	$452,804	$407,594	$349,380	$45,210
2019	$463,602	$454,980	$307,106	$8,622