DOWNTOWN SAN MATEO ASSOCIATION

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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

2003

Legal Domicile

Principal Officer

Lew Cohen

Phone

6503425520

Tax Period

2024-07-01 to 2025-06-30

DOWNTOWN SAN MATEO ASSOCIATION, founded in 2003, is a small nonprofit that reported $406K in total revenue in fiscal year 2024. The organization ran a surplus of $65K, a strong 16% operating margin.

Mission

DOWNTOWN SAN MATEO ASSOCIATION PROMOTES THE DOWNTOWN THROUGH SPECIAL EVENTS AND PROJECTS AND IS A BUSINESS REFERRAL NETWORK FOR ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $332,439 Revenue: $0

CONTINUED PARTNERSHIP COOPERATION WITH CHAMBER OF COMMERCE AND CITY AGENCIES. SUPPORT AND FUND ALL DOWNTOWN BEAUTIFICATION OF THE STREET AND AREA. MONTHLY NEWSLETTER PROMOTING LOCAL BUSINESSES AND...

CONTINUED PARTNERSHIP COOPERATION WITH CHAMBER OF COMMERCE AND CITY AGENCIES. SUPPORT AND FUND ALL DOWNTOWN BEAUTIFICATION OF THE STREET AND AREA. MONTHLY NEWSLETTER PROMOTING LOCAL BUSINESSES AND PRODUCED A RESTAURANT GUIDE.

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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 $399,552

Program Service Revenue $0

Investment Income $3,104

Other Revenue $3,518

TOTAL REVENUE $406,174

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,151

Fundraising Expenses $1,830

Program Expenses $332,439

Other Expenses $189,025

TOTAL EXPENSES $341,176

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,174	$407,707	0.0%
Expenses	$341,176	$299,641	+0.1%
Net Income	$64,998	$108,066	-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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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

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

Total Directors

Key Employees

$123,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MackenziE Jakoubek	Executive Director	40.00	Key Emp	$123,600	$0	$123,600
COLLEEN RAFFERTY	Vice President	5.00	Director	$0	$0	$0
LEW COHN	President	10.00	Director	$0	$0	$0
CATHY LEVITT	Treasurer	5.00	Director	$0	$0	$0
LEW COHN	Secretary	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	$406,174	$341,176	$377,634	$64,998
2024	$407,707	$299,641	$313,763	$108,066
2018	$215,839	$150,091	$197,941	$65,748