SAN ANTONIO AREA 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

1964

Legal Domicile

Principal Officer

NADEGE SOUVENIR

Phone

2102252243

Tax Period

2024-01-01 to 2024-12-31

SAN ANTONIO AREA FOUNDATION, founded in 1964, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $108.0M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51.6M, a strong 48% operating margin.

Mission

TO SERVE AS YOUR MOST TRUSTED AND IMPACTFUL PHILANTHROPIC PARTNER.

Program Service Accomplishments

Program 1

Expenses: $48,439,147 Revenue: $2,160,279

THE SAN ANTONIO AREA FOUNDATION HELPS PEOPLE MAKE MEANINGFUL GIFTS TO IMPROVE THE QUALITY OF LIFE TODAY AND FOR GENERATIONS TO COME. THE AREA FOUNDATION PROVIDES A SIMPLE, POWERFUL, AND HIGHLY...

THE SAN ANTONIO AREA FOUNDATION HELPS PEOPLE MAKE MEANINGFUL GIFTS TO IMPROVE THE QUALITY OF LIFE TODAY AND FOR GENERATIONS TO COME. THE AREA FOUNDATION PROVIDES A SIMPLE, POWERFUL, AND HIGHLY PERSONAL APPROACH TO GIVING, SO CONTRIBUTIONS CAN HAVE AN EVERLASTING IMPACT ON THE COMMUNITY. THE AREA FOUNDATION CONTRIBUTES THROUGH GRANTS AND SCHOLARSHIPS FUELED BY DONORS, HELPS NONPROFITS FURTHER AND STRENGTHEN THEIR MISSION, AND PROVIDES LEADERSHIP FOR KEY COMMUNITY ISSUES.

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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 $44,881,873

Program Service Revenue $2,133,543

Investment Income $58,590,114

Other Revenue $2,424,306

TOTAL REVENUE $108,029,836

Expense Breakdown

Grants Paid $44,323,810

Salaries & Benefits $5,885,823

Fundraising Expenses $589,701

Program Expenses $48,439,147

Other Expenses $6,245,842

TOTAL EXPENSES $56,455,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,029,836	$67,776,278	+0.6%
Expenses	$56,455,475	$46,974,424	+0.2%
Net Income	$51,574,361	$20,801,854	+1.5%

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

498

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

$1,302,515

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX PEREZ	CHAIRMAN	2.00	Officer Director	$0	$0	$0
GENERAL TOM HILL	PAST CHAIR	2.00	Officer Director	$0	$0	$0
BARBARA BARBIE O'CONNOR	CHAIR-ELECT (UNTIL 10/4/2024)	2.00	Officer Director	$0	$0	$0
SUZANNE WADE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SARAH HARTE	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BOLNER	TREASURER	2.00	Officer Director	$0	$0	$0
MARI AGUIRRE RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
YONNIE BLANCHETTE	DIRECTOR	1.00	Director	$0	$0	$0
JORGE ELIZONDO	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE HASTINGS	DIRECTOR (UNTIL 5/4/2024)	1.00	Director	$0	$0	$0
ROBERT HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KOMET	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE SEROT	DIRECTOR	1.00	Director	$0	$0	$0
GURPAUL SINGH	DIRECTOR	1.00	Director	$0	$0	$0
DR MORRIS STRIBLING	DIRECTOR	1.00	Director	$0	$0	$0
HARRY W WOLFF JR	DIRECTOR	1.00	Director	$0	$0	$0
NADEGE SOUVENIR	CHIEF EXECUTIVE OFFICER	44.00	Officer	$338,055	$26,840	$364,895
ARENDA BURNS	CHIEF OPERATING OFFICER	44.00	Officer	$254,421	$36,152	$290,573
LISA BRUNSVOLD	CHIEF DEVELOPMENT OFICER	44.00	Officer	$312,075	$29,172	$341,247
APRIL HANSARD	CHIEF FINANCIAL OFFICER	44.00	Officer	$217,032	$31,986	$249,018
RYAN LUGALIA-HOLLON	CHIEF IMPACT OFFICER	44.00	Officer	$53,568	$3,214	$56,782
JANE PACCIONE	MANAGING DIRECTOR OF COLLECTIVE IMPACT	40.00	Highest	$131,564	$7,945	$139,509
JENNIFER COOK	DIRECTOR OF STRATEGY AND IMPACT	40.00	Highest	$167,129	$27,718	$194,847
LORI MADLA	EXECUTIVE ASSISTANT (UNTIL 8/14/24)	40.00	Highest	$319,417	$9,979	$329,396
ELISE PARMA	ACCOUNTING MANAGER	38.00	Highest	$121,820	$14,432	$136,252
HERNAN ROZEMBERG	EXECUTIVE DIRECTOR OF MARKETING AND COMMUNICATIONS	40.00	Highest	$117,683	$19,403	$137,086

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	$108,029,836	$56,455,475	$640,685,033	$51,574,361
2023	$67,776,278	$46,974,424	$594,225,008	$20,801,854
2022	$68,911,493	$55,540,535	$525,679,071	$13,370,958
2021	$192,937,536	$49,141,721	$587,345,748	$143,795,815
2020	$78,878,697	$66,027,035	$409,727,668	$12,851,662
2019	$131,999,201	$38,927,260	$363,969,632	$93,071,941
2018	$49,550,967	$43,808,261	$249,001,761	$5,742,706