SAN JOSE ARENA AUTHORITY

EIN: 770269730 501(c)(3)

SAN JOSE, CA

Total Revenue
$354,945
Total Expenses
$309,995
Total Assets
$185,659
Net Assets
$153,743
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
CA
Principal Officer
CHRIS MORRISEY
Phone
4089774780
Tax Period
2022-07-01 to 2023-06-30

SAN JOSE ARENA AUTHORITY, founded in 1990, is a small nonprofit that reported $355K in total revenue in fiscal year 2022. Expenses of $310K left a modest 13% surplus.

Mission

THE SAN JOSE ARENA AUTHORITY IS A NONPROFIT, PUBLIC BENEFIT CORPORATION AND CONSISTS OF A 17-MEMBER, MAYOR-APPOINTED BOARD OF DIRECTORS. THE BOARD IS SUPPORTED BY AN EXPERIENCED PROFESSIONAL STAFF AND MEETS ON A REGULAR BASIS TO PROVIDE CONTRACT ADMINISTRATION AND OVERSIGHT ON BEHALF OF THE CITY FOR THE OPERATIONS OF SAP CENTER AT SAN JOSE (HOME OF THE NHL SAN JOSE SHARKS), SHARKS ICE AT SAN JOSE/TECH CU ARENA, THE PUBLIC ICE TRAINING FACILITY AND HOME OF THE MINOR LEAGUE SAN JOSE BARRACUDA AND EXCITE BALLPARK HOME OF THE SAN JOSE GIANTS. THE ARENA AUTHORITY ALSO ADMINISTERS TO SEVERAL ACTIVE COMMUNITY-BASED PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $154,474

OVERSIGHT OF ARENA AND ICE CENTER:IN FULFILLING THE ADMINISTRATIVE RESPONSIBILITIES FOR THE MANAGEMENT OVERSIGHT OF SAP CENTER AT SAN JOSE AND SHARKS ICE AT SAN JOSE, THE ARENA AUTHORITY HAS A NUMBER...

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OVERSIGHT OF ARENA AND ICE CENTER:IN FULFILLING THE ADMINISTRATIVE RESPONSIBILITIES FOR THE MANAGEMENT OVERSIGHT OF SAP CENTER AT SAN JOSE AND SHARKS ICE AT SAN JOSE, THE ARENA AUTHORITY HAS A NUMBER OF SIGNIFICANT OPERATIONAL RESPONSIBILITIES. THE FIRST IS THE ADMINISTRATION OF THE MANAGEMENT AGREEMENTS BETWEEN THE SHARKS AND THE CITY OF SAN JOSE. TWO OF THE MORE ESSENTIAL ELEMENTS IN THE AGREEMENTS ARE THE ANNUAL REVIEW AND IMPLEMENTATION OF COMPREHENSIVE CAPITAL REPAIR AND REPLACEMENT PROGRAMS FOR BOTH FACILITIES. THESE CAPITAL PROGRAMS HAVE KEPT THE FACILITIES LOOKING AND OPERATING AT A STANDARD COMPARABLE TO NATIONAL SPORTS AND ENTERTAINMENT FACILITIES. AS A RESULT OF RECENT EXPANSIONS, SHARKS ICE AT SAN JOSE IS NOW THE LARGEST PUBLIC ICE FACILITY IN NORTH AMERICA. THE PUBLIC TRAINING FACILITY INCLUDES TECH CU ARENA, A 4,200-SEAT ARENA AND HOME OF THE SAN JOSE BARRACUDA, THE SHARKS AMERICAN HOCKEY LEAGUE AFFILIATE. TO ACCOMPLISH THESE ANNUAL CAPITAL PROJECT GOALS, THE ARENA AUTHORITY ENGAGES SHARKS SPORTS & ENTERTAINMENT AND SEVERAL CITY DEPARTMENTS IN KEEPING THE FACILITIES FUNCTIONING AT A HIGH, UNINTERRUPTED LEVEL. ADDITIONALLY, THE AUTHORITY WORKS JOINTLY WITH THE CITY'S DEPARTMENT OF TRANSPORTATION AND POLICE DEPARTMENT, THE VALLEY TRANSPORTATION AUTHORITY AS WELL AS SHARKS SPORTS & ENTERTAINMENT IN THE ADMINISTRATION OF A COMPREHENSIVE TRANSPORTATION AND PARKING MANAGEMENT PLAN (TPMP). THROUGH THE IMPLEMENTATION OF THIS PLAN, CRITICAL VEHICULAR TRAFFIC AND PEDESTRIAN MOVEMENT STRATEGIES, VICINITY PARKING OPERATIONS, AND NEIGHBORHOOD PROTECTION ISSUES ARE ADDRESSED AND MANAGED IN AN EFFICIENT AND WELL THOUGHT-OUT MANNER. FURTHERMORE, THE AUTHORITY IS ENGAGED IN THE PLANNING AND DEVELOPMENT OF A NUMBER OF SIGNIFICANT TRANSIT PROJECTS ADJACENT TO SAP CENTER AT SAN JOSE. PROJECTS CURRENTLY BEING PLANNED FOR THE AREA INCLUDE THE BART EXTENSION TO DOWNTOWN SAN JOSE, WHICH INCLUDES A STATION AT THE ARENA AND THE FUTURE ELECTRIFICATION OF CALTRAIN.

Program 2
Expenses: $35,649

OVERSIGHT OF BASEBALL STADIUM:FOR EXCITE BALLPARK HOME OF THE SAN JOSE GIANTS, THE ARENA AUTHORITY'S OVERSIGHT INCLUDES FACILITATING DISCUSSIONS ON ANNUAL FACILITY CAPITAL IMPROVEMENTS. THIS INVOLVES...

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OVERSIGHT OF BASEBALL STADIUM:FOR EXCITE BALLPARK HOME OF THE SAN JOSE GIANTS, THE ARENA AUTHORITY'S OVERSIGHT INCLUDES FACILITATING DISCUSSIONS ON ANNUAL FACILITY CAPITAL IMPROVEMENTS. THIS INVOLVES AN EVALUATION OF STADIUM PROJECTS BY THE AUTHORITY, THE SAN JOSE GIANTS AND THE CITY. PER THE STADIUM MANAGEMENT AGREEMENT BETWEEN THE CITY AND THE SAN JOSE GIANTS, THE CITY IS RESPONSIBLE FOR ALL STRUCTURAL REPAIRS. THIS HAS LED TO THE ARENA AUTHORITY ADVOCATING AND SECURING FUNDS FOR SIGNIFICANT CAPITAL REPAIRS AND REPLACEMENTS. THE 82-YEAR-OLD STADIUM IS CONSIDERED A TREASURED COMMUNITY ASSET. A LONG-TERM NAMING RIGHTS AGREEMENT NOW DIRECTS FUNDS TO THE STADIUM'S CAPITAL RESERVE FUND. THE AUTHORITY ALSO WORKS WITH THE GIANTS IN THE MANAGEMENT OF GAME-DAY OPERATIONS.

Program 3
Expenses: $43,619

ARENA TICKET DISTRIBUTION AND OTHER COMMUNITY-BASED PROGRAMS:THE ARENA AUTHORITY ADMINISTERS TO A HIGHLY SUCCESSFUL ARENA TICKET DISTRIBUTION PROGRAM FOR SAP CENTER AT SAN JOSE. HISTORICALLY, THE...

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ARENA TICKET DISTRIBUTION AND OTHER COMMUNITY-BASED PROGRAMS:THE ARENA AUTHORITY ADMINISTERS TO A HIGHLY SUCCESSFUL ARENA TICKET DISTRIBUTION PROGRAM FOR SAP CENTER AT SAN JOSE. HISTORICALLY, THE AUTHORITY HAS ANNUALLY ISSUED APPROXIMATELY 4,000 TICKETS TO THE SAN JOSE COMMUNITY AS IDENTIFIED IN A CITY COUNCIL TICKET POLICY. SINCE THE PROGRAM'S INCEPTION IN 1993, THE ARENA AUTHORITY HAS DISTRIBUTED OVER 125,000 TICKETS. WITH THE OPENING OF TECH CU ARENA, THE ARENA AUTHORITY ALSO DISTRIBUTES TICKETS IN A FASHION THAT MIRRORS THE ARENA TICKET DISTRIBUTION PROGRAM. THE ARENA AUTHORITY ALSO CONTINUES TO ADMINISTER THE SAP CENTER AT SAN JOSE'S CITY AND COMMUNITY EVENTS PROGRAM. DURING FY 2022-2023, THREE SERVICE/EDUCATIONAL ORGANIZATIONS SUCCESSFULLY IMPLEMENTED EVENTS AT THE CENTER. AS A RESULT OF THIS ACTIVITY, $115,000 IN CITY AND COMMUNITY EVENTS PROGRAM CREDITS WERE ALLOCATED TO PROGRAM APPLICANTS TO OFFSET EVENT EXPENSES. BY THE END OF FY 2022-23, THE PROGRAM HAD ISSUED OVER 2.1M IN FUNDING CREDITS TO EDUCATIONAL AND SERVICE ORGANIZATIONS FOR ACCESS TO THE CENTER.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $354,827
Program Service Revenue $0
Investment Income $118
Other Revenue $0
TOTAL REVENUE $354,945

Expense Breakdown

Grants Paid $0
Salaries & Benefits $276,467
Fundraising Expenses $0
Program Expenses $278,302
Other Expenses $33,528
TOTAL EXPENSES $309,995

Year-over-Year Comparison

2022 2021 Change
Revenue $354,945 $344,592 +0.0%
Expenses $309,995 $274,203 +0.1%
Net Income $44,950 $70,389 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
2
Volunteers
17

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
5
$206,479
Total Directors
12
$206,479
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS MORRISEY EXECUTIVE DIRECTOR 40.00
Officer Director
$204,810 $1,669 $206,479
DAVID BUCHHOLZ BOARD MEMBER/BOARD CHAIR 2.00
Officer Director
$0 $0 $0
EILEEN CONSIGLIO BOARD MEMBER/VICE-CHAIR 1.50
Officer Director
$0 $0 $0
TRACI FERDOLAGE BOARD MEMBER/SECRETARY 1.50
Officer Director
$0 $0 $0
VINNI WALIA BOARD MEMBER/TREASURER 1.50
Officer Director
$0 $0 $0
JOHN ALBERS BOARD MEMBER 1.00
Director
$0 $0 $0
BILL EKERN BOARD MEMBER 1.00
Director
$0 $0 $0
LESLEE HAMILTON BOARD MEMBER 1.00
Director
$0 $0 $0
MIYUKI ONE BEAR BOARD MEMBER 1.00
Director
$0 $0 $0
COLLEEN REILLY BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE SANCHEZ BOARD MEMBER 1.00
Director
$0 $0 $0
RUSTY WEEKES BOARD MEMBER 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
2023 $354,945 $309,995 $185,659 $44,950
2022 $344,592 $274,203 $139,166 $70,389
2021 $309,479 $309,071 $91,690 $408
2020 $277,869 $277,886 $63,009 $-17
2019 $255,632 $256,071 $46,635 $-439
2018 $249,000 $246,603 $46,520 $2,397
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