SANTA BARBARA FOUNDATION (EIN 951866094) - Form 990 Financial Analysis & Trantor Score

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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

1928

Legal Domicile

Principal Officer

JACQUELINE CARRERA

Phone

8059631873

Tax Period

2023-01-01 to 2023-12-31

SANTA BARBARA FOUNDATION, founded in 1928, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $37.8M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $35.8M left a modest 5% surplus.

Mission

THE MISSION OF THE SANTA BARBARA FOUNDATION (SBF) IS TO MOBILIZE COLLECTIVE WISDOM AND PHILANTHROPIC CAPITAL TO BUILD EMPATHETIC, INCLUSIVE AND RESILIENT COMMUNITIES.SBF IS A COMMUNITY FOUNDATION ESTABLISHED IN 1928 TO ENRICH THE LIVES OF THE PEOPLE OF SANTA BARBARA COUNTY THROUGH PHILANTHROPY. AS ONE OF THE LARGEST PRIVATE SOURCES OF FUNDING FOR AREA NONPROFITS, AGENCIES AND COLLEGE BOUND STUDENTS, SBF BUILDS AND FACILITATES PHILANTHROPY THROUGH DONOR PARTNERSHIPS; INVESTS IN NONPROFITS; AND IDENTIFIES AND STRATEGICALLY ADDRESSES IMPORTANT COMMUNITY NEEDS.

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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 $28,455,651

Program Service Revenue $705,378

Investment Income $8,873,473

Other Revenue $-224,228

TOTAL REVENUE $37,810,274

Expense Breakdown

Grants Paid $25,917,822

Salaries & Benefits $5,102,192

Fundraising Expenses $1,845,592

Program Expenses $30,880,373

Other Expenses $4,756,152

TOTAL EXPENSES $35,776,166

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,810,274	$65,112,090	-0.4%
Expenses	$35,776,166	$34,018,312	+0.1%
Net Income	$2,034,108	$31,093,778	-0.9%

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

150

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

$799,774

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN HICKS	CHAIR	4.00	Officer Director	$0	$0	$0
MATT ROWE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
GINGER SALAZAR	SECRETARY	3.00	Officer Director	$0	$0	$0
DANNA MCGREW	TREASURER	3.00	Officer Director	$0	$0	$0
ANGEL ISCOVICH	TRUSTEE	2.00	Director	$0	$0	$0
PAMELA MACAL	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT NAKASONE	TRUSTEE	2.00	Director	$0	$0	$0
ERNESTO PAREDES	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL PFAU	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN RICHARDS	TRUSTEE	2.00	Director	$0	$0	$0
JAMES ROGERS	TRUSTEE	2.00	Director	$0	$0	$0
LYNN SCARLETT	TRUSTEE	2.00	Director	$0	$0	$0
ALEX SIMAS	TRUSTEE	2.00	Director	$0	$0	$0
TRACY STOUFFER	TRUSTEE	2.00	Director	$0	$0	$0
ZOHAR ZIV	TRUSTEE	2.00	Director	$0	$0	$0
PHIL ALVARADO	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD BESWICK	TRUSTEE	2.00	Director	$0	$0	$0
RANDALL DAY THRU 0923	TRUSTEE	2.00	Director	$0	$0	$0
PAMELA GANN	TRUSTEE	2.00	Director	$0	$0	$0
RAFAEL GONZALEZ	TRUSTEE	2.00	Director	$0	$0	$0
JACQUELINE CARRERA	PRESIDENT & CEO	40.00	Officer	$401,076	$81,727	$482,803
TODD YUBA	VP, FINANCE & ADMINISTRATION	40.00	Officer	$266,785	$50,186	$316,971
CELINE DELPOUX	DIRECTOR OF ACCOUNTING	40.00	Highest	$117,661	$20,521	$138,182
RUBAYI ESTES	VP, PROGRAMS	40.00	Highest	$140,900	$29,595	$170,495
JENNY KEARNS	DIRECTOR OF GRANTMAKING	40.00	Highest	$119,513	$21,533	$141,046
JANET MOCKER	SENIOR DIRECTOR OF FINANCE	40.00	Highest	$171,472	$42,260	$213,732
TAMMY SIMS JOHNSON	VP, PHILANTHROPIC SERVICES	40.00	Highest	$194,520	$47,337	$241,857

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	$37,810,274	$35,776,166	$474,773,392	$2,034,108
2022	$65,112,090	$34,018,312	$439,373,124	$31,093,778
2021	$53,590,434	$43,641,618	$456,585,072	$9,948,816
2020	$43,254,704	$32,916,746	$420,966,327	$10,337,958
2019	$29,668,906	$38,873,354	$392,665,597	$-9,204,448
2018	$25,883,777	$36,251,374	$372,582,050	$-10,367,597

SANTA BARBARA FOUNDATION