DOWNTOWN SAN DIEGO PUBLIC SPACES FOUNDATION (EIN 462438392) - 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

2013

Legal Domicile

Principal Officer

ELIZABETH BRENNAN

Phone

6192340201

Tax Period

2024-07-01 to 2025-06-30

DOWNTOWN SAN DIEGO PUBLIC SPACES FOUNDATION, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $865K in total revenue in fiscal year 2024. Revenue surged 192% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 20% operating margin.

Mission

TO PRESERVE, PROMOTE AND ADVANCE PUBLIC PARKS AND OPEN SPACE IN DOWNTOWN SAN DIEGO.

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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 $942,146

Program Service Revenue $39,500

Investment Income $0

Other Revenue $-116,707

TOTAL REVENUE $864,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $685,314

Other Expenses $693,692

TOTAL EXPENSES $693,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$864,939	$296,290	+1.9%
Expenses	$693,692	$230,808	+2.0%
Net Income	$171,247	$65,482	+1.6%

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

$586,557

Total Directors

$586,557

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH BRENNAN	PRESIDENT AND CEO	0.25	Officer Director	$0	$18,638	$344,684
JUSTIN APGER	CHIEF OPERATIONS OFFICER	0.25	Officer Director	$0	$6,669	$241,873
CHANELLE HAWKEN	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
PHIL RATH	TREASURER	0.25	Officer Director	$0	$0	$0
MICHELE VIVES	SECRETARY	0.25	Officer Director	$0	$0	$0
JAMES LAWSON	DIRECTOR	0.25	Director	$0	$0	$0
DIANA PUETZ	DIRECTOR	0.25	Director	$0	$0	$0
DOUG KORN	DIRECTOR	0.25	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	$864,939	$693,692	$254,521	$171,247
2024	$296,290	$230,808	$276,396	$65,482

DOWNTOWN SAN DIEGO PUBLIC SPACES FOUNDATION