FORT MASON CENTER

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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

1977

Legal Domicile

Principal Officer

MIKE BUHLER

Phone

4153457500

Tax Period

2023-01-01 to 2023-12-31

FORT MASON CENTER, founded in 1977, is a mid-sized nonprofit in the Recreation & Sports sector that reported $12.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 19% operating margin.

Mission

FORT MASON CENTER ENGAGES AND CONNECTS PEOPLE WITH ARTS AND CULTURE ON A HISTORIC WATERFRONT CAMPUS. WE INSPIRE AND FOSTER CREATIVITY BY PROVIDING A VIBRANT GATHERING PLACE AND A HOME FOR THOUGHT-PROVOKING PROGRAMS, EVENTS, AND ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $7,210,696 Revenue: $3,173,035

FIRST ESTABLISHED AS A NONPROFIT CULTURAL CENTER IN 1977, FORT MASON CENTER FOR ARTS & CULTURE (FMCAC) HAS LONG BEEN HOST TO A LIVELY MIX OF ARTS, EDUCATIONAL AND CULTURAL PROGRAMMING ON SAN...

FIRST ESTABLISHED AS A NONPROFIT CULTURAL CENTER IN 1977, FORT MASON CENTER FOR ARTS & CULTURE (FMCAC) HAS LONG BEEN HOST TO A LIVELY MIX OF ARTS, EDUCATIONAL AND CULTURAL PROGRAMMING ON SAN FRANCISCO'S NORTHERN WATERFRONT. EACH YEAR, FMCAC HOSTS OVER 10,000 EVENTS INCLUDING ART INSTALLATIONS, CULTURAL EXHIBITIONS, CONCERTS, THEATRICAL PRODUCTIONS AND MORE. IN ADDITION, FMCAC PROVIDES OVER $2.5 MILLION IN SUPPORT TO LOCAL ARTS ORGANIZATIONS, ENABLING GROUPS TO PRODUCE DIVERSE AND INNOVATIVE ART WORKS AT THE HISTORIC WATERFRONT CAMPUS. WITH AN ALMOST FIVE-DECADE HISTORY AS AN ARTS AND CULTURE DESTINATION, FMCAC IS NOW FOCUSED ON REINVIGORATING ITS PROGRAMMING AND AMENITIES TO BETTER SERVE AND ENGAGE THE EVOLVING AND DYNAMIC BAY AREA CREATIVE COMMUNITY. CENTRAL TO THIS NEW VISION IS THE COMMISSIONING AND PRESENTATION OF ADVENTUROUS AND UNCONVENTIONAL ART WORKS BEST REALIZED IN NONTRADITIONAL OR HISTORIC SETTINGS.SINCE 2012, FMCAC HAS UNDERWRITTEN A PERFORMING ARTS SERIES, HELD ON SITE, IN WHICH THE CENTER AWARDS CASH GRANTS AND IN-KIND SUPPORT TO PERFORMING ARTS GROUPS.IN ADDITION TO PERFORMING ARTS PRODUCTIONS, THE CENTER HOSTS A LARGE VARIETY OF CULTURAL EVENTS INCLUDING CRAFTS EXHIBITIONS, VISUAL ART EXHIBITIONS, CURRENT AFFAIRS LECTURES AND BUSINESS CONFERENCES.

Program 2

Expenses: $512,103 Revenue: $8,783,663

THROUGH ITS RESIDENT PROGRAM, FMCAC PROVIDES LONG-TERM FINANCIAL SUPPORT TO OVER 15 NON-PROFIT AND ARTS ORGANIZATIONS. THESE ORGANIZATIONS RECEIVE GRANTS FROM FMCAC TO SIGNIFICANTLY REDUCE THEIR RENT COSTS ON CAMPUS THUS ALLOWING THESE COMMUNITY SERVING ARTS ORGANIZATIONS TO FOCUS ON PRODUCING THEIR ARTISTIC PROGRAMS INSTEAD OF SEARCHING FOR AN AFFORDABLE HOME AMIDST A BOOMING LOCAL REAL ESTATE MARKET.CURRENT RESIDENT NONPROFIT ORGANIZATIONS OCCUPY APPROXIMATELY 160,000 SQUARE FEET AND INCLUDE: BATS IMPROV, BLUE BEAR SCHOOL OF MUSIC, CALIFORNIA LAWYERS FOR THE ARTS, SAN FRANCISCO CHILDREN'S ART CENTER, GREENS RESTAURANT (OPERATED BY THE ZEN CENTER), THE LONG NOW FOUNDATION, MAGIC THEATRE, ENVIRONMENTAL TRAVELING COMPANIONS, SEEDLING PROJECTS, MUSEO ITALO AMERICANO, AND AMERICAN INDIAN CULTURAL DISTRICT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $190,071

Program Service Revenue $11,956,698

Investment Income $354,018

Other Revenue $36,488

TOTAL REVENUE $12,537,275

Expense Breakdown

Grants Paid $512,103

Salaries & Benefits $3,847,265

Fundraising Expenses $54,560

Program Expenses $7,722,799

Other Expenses $5,858,392

TOTAL EXPENSES $10,217,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,537,275	$11,227,464	+0.1%
Expenses	$10,217,760	$10,548,160	0.0%
Net Income	$2,319,515	$679,304	+2.4%

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

139

Volunteers

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

$523,525

Total Directors

Key Employees

$421,257

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM PENNY	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
SUNEETHA D'SILVA	BOARD VICE-CHAIR	2.00	Officer Director	$0	$0	$0
RUTH BERSON	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
REKHA PATEL	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
CRAIG ALLISON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE BRANCH	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULINE EVEILLARD	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE FAHEY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN FAYNE	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE FRANKEL	BOARD MEMBER	1.00	Director	$0	$0	$0
NATASHA HSIEH	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA KISSIL	BOARD MEMBER	1.00	Director	$0	$0	$0
ENRIQUE LANDA	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LICHTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY LINDBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL MANTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN MARK	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK O'DELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSANNA RUSSEL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDRA STOELZLE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE STRAKA	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG TOM	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL BUHLER	CEO & PRESIDENT	40.00	Officer	$297,398	$13,779	$311,177
PATRICK NESTER	CHIEF FINANCIAL OFFICER	40.00	Officer	$209,144	$3,204	$212,348
PATRICK HAJDUK	CHIEF OPERATING OFFICER	40.00	Key Emp	$183,142	$31,435	$214,577
NICHOLAS KINSEY	CHIEF EXTERNAL AFFAIRS & L	40.00	Key Emp	$197,475	$9,205	$206,680
AMANDA MATHEWS	DIRECTOR OF SALES	40.00	Highest	$166,800	$8,445	$175,245
FRANK SMIGIEL	DIRECTOR OF EXHIBITIONS &	40.00	Highest	$146,247	$13,699	$159,946
RUCHIRA NAGESWARAN	DIRECTOR OF CAPITAL PROJEC	40.00	Highest	$167,673	$11,656	$179,329
JESSE FRITTS	DIRECTOR OF FACILITIES	40.00	Highest	$136,196	$10,855	$147,051
MARIJANE KUBOW	ARTS PROGRAM MANAGER	40.00	Highest	$116,917	$11,172	$128,089

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	$12,537,275	$10,217,760	$73,496,517	$2,319,515
2022	$11,227,464	$10,548,160	$71,565,063	$679,304
2021	$12,125,879	$7,642,944	$56,018,448	$4,482,935
2020	$8,658,313	$7,788,125	$50,381,682	$870,188
2019	$11,932,939	$12,785,185	$53,211,777	$-852,246
2018	$11,025,253	$9,730,199	$50,920,145	$1,295,054