SAN DIEGO FESTIVAL OF THE ARTS FOU… - 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

1988

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Mission

ORGANIZE, OPERATE, AND SUPPORT SPORTS AND RECREATION PROGRAMS FOR SAN DIEGANS WITH DISABILITIES, WHILE PROVIDING THE HIGHEST QUALITY ARTS AND ENTERTAINMENT EXPERIENCE FOR ITS CONTRIBUTORS, VOLUNTEERS, AND VISITORS OF CORPORATION SPONSORED ACTIVITIES IN SUPPORT OF THAT MISSION.

Program Service Accomplishments

Program 1

Expenses: $108,574

DONATED TO ORGANIZATIONS LIKE ADAPTIVE SPORTS FOUNDATION AND PARALYZED VETERANS OF AMERICA, THE NONPROFIT HAS EMPOWERED DISABLED INDIVIDUALS TO PARTICIPATE IN SPORTS AND RECREATIONAL ACTIVITIES...

DONATED TO ORGANIZATIONS LIKE ADAPTIVE SPORTS FOUNDATION AND PARALYZED VETERANS OF AMERICA, THE NONPROFIT HAS EMPOWERED DISABLED INDIVIDUALS TO PARTICIPATE IN SPORTS AND RECREATIONAL ACTIVITIES, PROMOTING PHYSICAL FITNESS, SOCIAL INCLUSION, AND OVERALL WELL-BEING.CONTRIBUTIONS TO ORGANIZATIONS SUCH AS SAN DIEGO TENNIS ASSOCIATION AND WHEELCHAIR LACROSSE HAVE EXPANDED ACCESS TO ADAPTIVE SPORTS PROGRAMS, ALLOWING MORE INDIVIDUALS WITH DISABILITIES TO ENJOY THE BENEFITS OF ATHLETIC PARTICIPATION AND COMPETITION. THROUGH THESE DONATIONS, THE NONPROFIT HAS CONTRIBUTED TO ENHANCING THE QUALITY OF LIFE FOR PEOPLE WITH DISABILITIES, PROVIDING THEM WITH OPPORTUNITIES FOR PERSONAL GROWTH, SKILL DEVELOPMENT, AND COMMUNITY ENGAGEMENT THROUGH SPORTS. THE NONPROFITS DONATIONS HAVE SUSTAINED AND EXPANDED PROGRAMS, ENSURING ONGOING SPORTS OPPORTUNITIES AND SUPPORT SERVICES FOR DISABLED INDIVIDUALS.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $105,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,574

Other Expenses $5,282

TOTAL EXPENSES $110,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$-27,651	-1.0%
Expenses	$110,282	$21,331	+4.2%
Net Income	N/A	$-48,982	N/A

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROY WARFIELD	TRUSTEE	5.00	Director	$0	$0	$0
AL KOVACH	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
DON LUDWIG	TREASURER	20.00	Officer Director	$0	$0	$0
PETER BALLANTYNE	PRESIDENT	20.00	Officer Director	$0	$0	$0
JIM SPIEVAK	SECRETARY	5.00	Officer 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
2023	No data	$110,282	$250,071	No data
2022	$-27,651	$21,331	$362,348	$-48,982
2021	$76,826	$7,016	$459,018	$69,810
2020	$39,319	$53,879	$378,666	$-14,560
2019	$19,885	$102,654	$406,383	$-82,769
2018	$71,693	$101,614	$465,435	$-29,921

SAN DIEGO FESTIVAL OF THE ARTS FOUNDATION INC