BALBOA PARK CONSERVANCY

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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

1923

Legal Domicile

Principal Officer

CONNIE MATSUI

Phone

6192353066

Tax Period

2021-07-01 to 2022-06-30

Mission

Balboa Park Conservancy (the Conservancy) was organized on November 3, 1923. The Conservancy is the City of San Diegos (the City) partner and advocated for the greater good of Balboa Park (the Park). The Conservancy collaborated with and supported all the entities in the Park, as a thought convener and organizer for activating and realizing the best interests of the Park. The Conservancys focus was to sustain the legacy of the Park, enhance Park assets, and envision the future of the Park to benefit both citizens and visitors for decades to come.

Program Service Accomplishments

Program 1

Expenses: $2,944,883

As of July 1, 2021 the Balboa Park Conservancy was merged into Friends of Balboa Park (the surviving corporation). All assets and liabilities were transferred to the surviving corporation as of the first day of the fiscal year and all fiscal year revenue and expense activity has been reported on the returns of the surviving corporation. The expenses of $2,944,883 represents the book value of the Balboa Park Conservancy's net assets transferred to the Friends of Balboa Park. The merged organization now operates under the name Forever Balboa Park.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,944,883

Other Expenses $2,944,883

TOTAL EXPENSES $2,944,883

Year-over-Year Comparison

	2021	2020	Change
Revenue	N/A	$2,290,239	-1.0%
Expenses	$2,944,883	$1,720,623	+0.7%
Net Income	N/A	$569,616	N/A

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON BAILEY	Trustee	5.00	Director	$0	$0	$0
JOYE BLOUNT	Trustee	5.00	Director	$0	$0	$0
JERRY BUCKLEY	Trustee	5.00	Director	$0	$0	$0
CAROL CHANG	Trustee	10.00	Director	$0	$0	$0
JAMES DAWE	Trustee	5.00	Director	$0	$0	$0
PETER DENNEHY	Trustee	5.00	Director	$0	$0	$0
GAIDI FINNIE	Secretary	10.00	Officer Director	$0	$0	$0
JOYCE GATTAS	IMM PAST CHAIR	10.00	Officer Director	$0	$0	$0
VICTORIA HAMILTON	Trustee	5.00	Director	$0	$0	$0
EMILY FOX	Trustee	5.00	Director	$0	$0	$0
CONNY JAMISON	Trustee	5.00	Director	$0	$0	$0
KATHERINE JOHNSTON	Trustee	5.00	Director	$0	$0	$0
DAVID KINNEY	Trustee	5.00	Director	$0	$0	$0
CONNIE MATSUI	Chair	20.00	Officer Director	$0	$0	$0
JO ANN KILTY	Trustee	5.00	Director	$0	$0	$0
GONZALO ROJAS	Trustee	5.00	Director	$0	$0	$0
GLENN ROSSMAN	Trustee	10.00	Director	$0	$0	$0
ALLISON ROSSETT	Trustee	5.00	Director	$0	$0	$0
PEMBERTON SMITH	Treasurer	10.00	Officer Director	$0	$0	$0
JOE SZALKIEWIZ	Trustee	5.00	Director	$0	$0	$0
JOHN TOMAN	Trustee	5.00	Director	$0	$0	$0
JOHN VENEKAMP	Trustee	5.00	Director	$0	$0	$0
PETE WHEELER	Trustee	5.00	Director	$0	$0	$0
MICHAEL YEE	Trustee	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
2022	No data	$2,944,883	No data	No data
2021	$2,290,239	$1,720,623	$3,363,676	$569,616
2020	$3,017,691	$3,261,982	$2,877,492	$-244,291
2019	$4,268,701	$3,245,650	$2,896,635	$1,023,051