MONTEREY PENINSULA 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

1978

Legal Domicile

Principal Officer

STEVE JOHN

Phone

8316491533

Tax Period

2024-07-01 to 2025-06-30

MONTEREY PENINSULA FOUNDATION, founded in 1978, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $19.3M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $21.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE IN MONTEREY COUNTY AND SURROUNDING AREAS BY PROVIDING GRANTS TO NONPROFIT ORGANIZATIONS THAT BENEFIT THE COMMUNITY IN THE AREAS OF YOUTH, EDUCATION, HEALTH AND HUMAN SERVICES, ARTS AND CULTURE, AND COMMUNITY AND ENVIRONMENT. THE FOUNDATION GENERATES FUNDS BY ARRANGING AND MANAGING THE ANNUAL GOLF TOURNAMENTS KNOWN AS "THE AT&T PEBBLE BEACH NATIONAL PRO-AMATEUR TOURNAMENT AND "THE PURE INSURANCE CHAMPIONSHIP AT PEBBLE BEACH."

Program Service Accomplishments

Program 1

Expenses: $17,921,065 Revenue: $0

THE MONTEREY PENINSULA FOUNDATION ENHANCES THE QUALITY OF LIFE IN MONTEREY COUNTY AND SURROUNDING AREAS THROUGH STRATEGIC DISBURSEMENT OF CHARITABLE FUNDS GENERATED BY HOSTING THE AT&T PEBBLE BEACH PRO-AM AND THE PURE INSURANCE CHAMPIONSHIP AT PEBBLE BEACH. THE FOUNDATION PROVIDED 187 GRANTS, 56 TOURNAMENT RELATED GIFTS, 21 SERVICE ORGANIZATION DONATIONS, AND 50 SPONSORSHIPS AND OTHER GIFTS DURING FISCAL YEAR ENDING 6/30/2025.

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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 $50,407,760

Program Service Revenue $0

Investment Income $942,377

Other Revenue $-32,011,567

TOTAL REVENUE $19,338,570

Expense Breakdown

Grants Paid $17,535,486

Salaries & Benefits $2,711,471

Fundraising Expenses $2,729,970

Program Expenses $17,921,065

Other Expenses $1,149,342

TOTAL EXPENSES $21,396,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,338,570	$21,486,200	-0.1%
Expenses	$21,396,299	$22,224,410	0.0%
Net Income	$-2,057,729	$-738,210	+1.8%

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

2262

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

$876,628

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLINT EASTWOOD	CHAIRMAN (THROUGH 6/26/25)	1.00	Officer Director	$0	$0	$0
DOUG MACKENZIE	CHAIRMAN (AS OF 6/26/25)	3.00	Officer Director	$0	$0	$0
HEIDI UEBERROTH	VICE CHAIRMAN (AS OF 6/26/25)	3.00	Officer Director	$0	$0	$0
MURRAY DEMO	VICE CHAIRMAN (AS OF 6/26/25)	1.00	Director	$0	$0	$0
DAVID GILL	DIRECTOR	1.00	Director	$0	$0	$0
LORI LEE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM PEROCCHI	DIRECTOR	1.00	Director	$0	$0	$0
ALEX SMITH	DIRECTOR	1.00	Director	$0	$0	$0
PETER UEBERROTH	VICE CHAIRMAN (THROUGH 4/22/25)	1.00	Director	$0	$0	$0
JERRY YANG	DIRECTOR	1.00	Director	$0	$0	$0
STEVE JOHN	CEO	40.00	Officer	$572,813	$71,200	$644,013
JEANNE KLEINSORG	DIR OF FINANCE, SECRETARY	40.00	Officer	$159,575	$73,040	$232,615
NANCY ENTERLINE	VP PHILANTHROPY	40.00	Highest	$249,167	$74,499	$323,666
LILY HANSEN	SENIOR MARKETING MANAGER	40.00	Highest	$129,135	$38,337	$167,472
ERIN WAREHAM	SENIOR SPONSORSHIP MGR	40.00	Highest	$129,135	$31,021	$160,156
KATIE HOENES	PLAYER RELATIONS MGR	40.00	Highest	$112,292	$48,587	$160,879
AMBRY CAPISTRANO	PHILANTHROPY PROGRAM MGR	40.00	Highest	$108,923	$45,608	$154,531

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	$19,338,570	$21,396,299	$50,692,748	$-2,057,729
2024	$21,486,200	$22,224,410	$51,203,201	$-738,210
2023	$44,875,675	$50,214,969	$46,862,488	$-5,339,294
2022	$46,424,262	$44,158,974	$49,420,244	$2,265,288
2021	$28,291,060	$27,939,277	$50,385,331	$351,783
2020	$38,849,692	$39,832,118	$42,950,545	$-982,426
2019	$38,484,299	$42,347,172	$46,445,591	$-3,862,873