SAN MATEO CO CONVENTION & VISITORS… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

JOHN M HUTAR

Phone

6503487600

Tax Period

2024-01-01 to 2024-12-31

SAN MATEO CO CONVENTION & VISITORS BUREAU, founded in 1971, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2024. Revenue surged 273% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 39% operating margin.

Mission

TO ADVERTISE, PUBLICIZE, PROMOTE, INITIATE, SPONSOR, AND CARRY OUT PLANS, POLICIES AND ACTIVITIES THAT WILL TEND TO FURTHER THE PROSPERITY AND DEVELOPMENT OF THE CONVENTION AND VISITOR ACTIVITIES IN SAN MATEO COUNTY.

Program Service Accomplishments

Program 1

Expenses: $4,263,263 Revenue: $7,694,078

PROMOTION OF THE TOURISM AND HOSPITALITY INDUSTRY IN THE SAN MATEO COUNTY.

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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 $25,809

Program Service Revenue $7,668,700

Investment Income $9,359

Other Revenue $28,128

TOTAL REVENUE $7,731,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,865,060

Fundraising Expenses $0

Program Expenses $4,263,263

Other Expenses $2,815,003

TOTAL EXPENSES $4,680,063

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,731,996	$2,070,327	+2.7%
Expenses	$4,680,063	$2,412,932	+0.9%
Net Income	$3,051,933	$-342,605	-9.9%

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

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

$685,972

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRAVIN PUNJIYA	SECRETARY	0.50	Officer Director	$0	$0	$0
JONATHAN POWERS	TREASURER	0.50	Officer Director	$0	$0	$0
KEVIN KRETSCH	VICE CHAIR 1	0.50	Director	$0	$0	$0
MELISSA ANDRETTA	BOARD MEMBER	0.50	Director	$0	$0	$0
ANTHONY BURALLI	VICE CHAIR 2	0.50	Director	$0	$0	$0
LISA KERSHNER	CHAIR OF THE BOARD	0.50	Officer Director	$0	$0	$0
BENJAMIN DUVERGE	BOARD MEMBER	0.50	Director	$0	$0	$0
KARA NEWPORT	VICE CHAIR 3	0.50	Director	$0	$0	$0
DANIEL HERBST	BOARD MEMBER	0.50	Director	$0	$0	$0
HUGO HERNANDEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTOPHER HOLBROOK	BOARD MEMBER	0.50	Director	$0	$0	$0
TINA ONGERTH	CHAIR ELECT	0.50	Director	$0	$0	$0
RANDY JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
REGGIE KUMAR	BOARD MEMBER	0.50	Director	$0	$0	$0
DAISY LI	BOARD MEMBER	0.50	Director	$0	$0	$0
ADORA MANALO	BOARD MEMBER	0.50	Director	$0	$0	$0
CAMERON PALMER	BOARD MEMBER	0.50	Director	$0	$0	$0
PRATIV PATEL	BOARD MEMBER	0.50	Director	$0	$0	$0
BLANCA RIVERA	BOARD MEMBER	0.50	Director	$0	$0	$0
CASPER VAN ELDIK THIEME	BOARD MEMBER	0.50	Director	$0	$0	$0
YAKUB YAKUBI	BOARD MEMBER	0.50	Director	$0	$0	$0
MITCH POSTEL	IMMEDIATE PAST CHAIR	0.50	Director	$0	$0	$0
JOHN HUTAR	PRESIDENT/CEO	40.00	Officer	$327,600	$2,400	$330,000
GINA ATWOOD	VICE PRESIDENT/COO	40.00	Officer	$138,361	$18,464	$156,825
MAGGIE LANG	CHIEF SALES & MARKETING OFFICE	40.00	Officer	$184,196	$14,951	$199,147
TEIPO BROWN JR	DIRECTOR OF SALES	40.00	Highest	$113,048	$0	$113,048

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	$7,731,996	$4,680,063	$4,173,519	$3,051,933
2023	$2,070,327	$2,412,932	$785,733	$-342,605
2022	$1,594,925	$2,155,511	$1,093,812	$-560,586
2021	$1,689,422	$1,717,537	$1,740,733	$-28,115
2020	$1,326,394	$2,122,195	$1,744,032	$-795,801
2019	$3,097,798	$2,998,333	$2,514,398	$99,465
2018	$2,944,664	$2,821,889	$2,406,780	$122,775

SAN MATEO CO CONVENTION & VISITORS BUREAU