FOREVER BALBOA PARK (EIN 330849518) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

Katherine McDonald

Phone

6192322282

Tax Period

2024-07-01 to 2025-06-30

FOREVER BALBOA PARK, founded in 1999, is a community nonprofit in the Religion sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 34% operating margin.

Mission

To sustain, envision and enhance Balboa Park for all in partnership with the City of San Diego and in collaboration with other organizations in the Park and the community.

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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 $4,482,977

Program Service Revenue $753,375

Investment Income $240,253

Other Revenue $1,339,282

TOTAL REVENUE $6,815,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,030,062

Fundraising Expenses $752,544

Program Expenses $3,256,807

Other Expenses $2,463,243

TOTAL EXPENSES $4,493,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,815,887	$4,802,781	+0.4%
Expenses	$4,493,305	$4,328,945	+0.0%
Net Income	$2,322,582	$473,836	+3.9%

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

450

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

$302,975

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACQUELINE HIGGINS	VP PLANNING	40.00		$152,457	$16,161	$168,618
PHILLIP SAMMULI	VP OF INST. ADV.	40.00		$151,659	$6,968	$158,627
ELIZABETH PORTER	VP OF FINANCE	40.00	Officer	$122,405	$21,122	$143,527
ELIZABETH BABCOCK	President & CEO	40.00	Officer	$128,972	$6,535	$135,507
CRAIG BATREZ	VP FACILITIES & OP	40.00		$120,204	$14,823	$135,027
KATHERINE MCDONALD	President & CEO	40.00	Officer	$22,719	$1,222	$23,941
JOYE BLOUNT	Director	5.00	Director	$0	$0	$0
SARAH EVANS	Director	5.00	Director	$0	$0	$0
ALLISON SOARES	Director	5.00	Director	$0	$0	$0
DOUG KERNER	IMM PAST CHAIR	5.00	Director	$0	$0	$0
BETTY PEABODY	Director	5.00	Director	$0	$0	$0
KERRI KAPICH	Director	5.00	Director	$0	$0	$0
GEORGE HARDY	Director	5.00	Director	$0	$0	$0
JOHN VENEKAMP	CHAIR ELECT	5.00	Director	$0	$0	$0
MICHELE SLINGERLAND	Director	5.00	Director	$0	$0	$0
JONATHAN SHULMAN	Director	5.00	Director	$0	$0	$0
PAT CAUGHEY	Director	5.00	Director	$0	$0	$0
MICHAEL GLASS	Director	5.00	Director	$0	$0	$0
JAMES HUGHES	Director	5.00	Director	$0	$0	$0
WARREN GOROWITZ	Director	5.00	Director	$0	$0	$0
MAUREEN LAMBERTI	Director	5.00	Director	$0	$0	$0
LYNN LANGLEY	Secretary	10.00	Officer Director	$0	$0	$0
JAIME LOMAS	Director	5.00	Director	$0	$0	$0
MONICA MROZ	Director	5.00	Director	$0	$0	$0
BRIAN MATTHEWS	Director	5.00	Director	$0	$0	$0
KEN TRANBARGER	Director	5.00	Director	$0	$0	$0
GAIDI FINNIE	Director	5.00	Director	$0	$0	$0
LUCY WARREN	Director	5.00	Director	$0	$0	$0
ANN WILSON	Director	5.00	Director	$0	$0	$0
MATT MCCORMICK	Director	0.00	Director	$0	$0	$0
JOYCE GATTAS	Director	5.00	Director	$0	$0	$0
VICTORIA HAMILTON	CHAIR	10.00	Officer Director	$0	$0	$0
BRENT WOODS	Director	5.00	Director	$0	$0	$0
CONNIE MATSUI	Director	5.00	Director	$0	$0	$0
GONZALO ROJAS	Director	5.00	Director	$0	$0	$0
GLENN ROSSMAN	Director	10.00	Director	$0	$0	$0
ALLISON ROSSETT	Director	5.00	Director	$0	$0	$0
PEMBERTON SMITH	Treasurer	5.00	Officer Director	$0	$0	$0
JOHN TOMAN	Director	5.00	Director	$0	$0	$0
PETE WHEELER	Director	5.00	Director	$0	$0	$0
MICHAEL YEE	Director	5.00	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
2025	$6,815,887	$4,493,305	$14,415,037	$2,322,582
2024	$4,802,781	$4,328,945	$11,626,250	$473,836
2023	$3,866,407	$3,853,966	$11,495,056	$12,441
2022	$4,238,672	$3,205,500	$11,444,507	$1,033,172
2021	$1,947,562	$1,268,818	$7,367,517	$678,744
2020	$1,369,227	$942,574	$6,638,333	$426,653
2019	$1,396,127	$681,199	$5,975,396	$714,928

FOREVER BALBOA PARK