Placer Valley Sports Complex Inc dba the Grounds

EIN: 364780140 501(c)(3) Recreation & Sports

Roseville, CA

Total Revenue
$5,792,067
Total Expenses
$4,589,655
Total Assets
$3,838,124
Net Assets
$3,287,951
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CA
Principal Officer
Kim Summers
Phone
9167735400
Tax Period
2023-01-01 to 2023-12-31

Placer Valley Sports Complex Inc dba the Grounds, founded in 2014, is a community nonprofit in the Recreation & Sports sector that reported $5.8M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 21% operating margin.

Mission

Placer Valley Sports Complex, Inc. (PVSC) specific purpose is to erect and maintain public buildings and other public works consisting of a long field sporting complex on land owned by The City of Roseville, and to operate the sporting complex for, and on behalf of, The City.

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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 $373,448
Program Service Revenue $5,384,588
Investment Income $19,565
Other Revenue $14,466
TOTAL REVENUE $5,792,067

Expense Breakdown

Grants Paid $748,565
Salaries & Benefits $1,543,472
Fundraising Expenses $0
Program Expenses $3,889,308
Other Expenses $2,297,618
TOTAL EXPENSES $4,589,655

Year-over-Year Comparison

2023 2022 Change
Revenue $5,792,067 $4,795,806 +0.2%
Expenses $4,589,655 $3,729,273 +0.2%
Net Income $1,202,412 $1,066,533 +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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
94
Volunteers
15

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
$182,590
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kim Summers CEO 8.00
Officer
$0 $16,655 $182,590
Carrie Fankhauser General Manager 40.00
$141,736 $0 $141,736
Lauryl Hernandez Past Chair 1.00
Officer Director
$0 $0 $0
Vanessa Phillips Chairman 1.00
Officer Director
$0 $0 $0
Lucas Moosman Secretary 1.00
Officer Director
$0 $0 $0
Stephen Makis Treasurer 1.00
Officer Director
$0 $0 $0
Martin Johnson Vice Chair 1.00
Officer Director
$0 $0 $0
Dion Louthan Director 1.00
Director
$0 $0 $0
Sherri Conway Director 1.00
Director
$0 $0 $0
Doug Brown Director 1.00
Director
$0 $0 $0
Jeff Richardson Director 1.00
Director
$0 $0 $0
Amanda Hale Director 1.00
Director
$0 $0 $0
Ron Pitamber Director 1.00
Director
$0 $0 $0
Willie Johnson Director 1.00
Director
$0 $0 $0
Jessie Bains Director 1.00
Director
$0 $0 $0
Holly Hofmann Director 1.00
Director
$0 $0 $0
Merlyn Landaker Director 1.00
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
2024 No data No data No data No data
2023 $5,792,067 $4,589,655 $3,838,124 $1,202,412
2022 $4,795,806 $3,729,273 $4,412,014 $1,066,533
2021 $4,781,580 $3,670,723 $1,814,661 $1,110,857
2020 $4,722,073 $2,241,051 $46,612,990 $2,481,022
2019 $29,648,318 $1,688,737 $44,285,153 $27,959,581
2018 $9,244,089 $1,716,608 $15,170,347 $7,527,481
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