THE PASADENA CENTER OPERATING COMP… - 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

1973

Legal Domicile

Phone

6267932122

Tax Period

2024-07-01 to 2025-06-30

THE PASADENA CENTER OPERATING COMPANY, founded in 1973, is a mid-sized nonprofit that reported $34.4M in total revenue in fiscal year 2024. The organization ran a surplus of $10.9M, a strong 32% operating margin.

Mission

OPERATE CERTAIN CIVIC FACILITIES FOR THE CITY OF PASADENA, CALIFORNIA

Program Service Accomplishments

Program 1

Expenses: $21,517,790 Revenue: $31,576,677

THE PASADENA CENTER OPERTAING COMPANY PROMOTES THE USE OF THE CIVIC FACILITIES FOR CONFERENCES, CONVENTIONS, EXHIBITIONS, TRADE SHOWS, ASSEMBLIES, CULTURAL, EDUCATIONAL AND RECREATIONAL PROGRAMS FOR THE USE, BENEFIT AND ENJOYMENT OF THE PUBLIC. THE CONVENTION VISITORS BUREAU IS A DMO, A DESTINATION MARKETING ORGANIZATION, WHICH PROMOTES AND MARKETS PASADENA AND THE LOCAL ECONOMY INCLUDING ACCOMODATIONS, ATTRACTIONS, TOURISM SERVICES, TRANSPORTATION, RETAIL, RESTAURANTS, EVENTS, AND MORE.

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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 $42,726

Program Service Revenue $14,405,928

Investment Income $2,792,728

Other Revenue $17,170,749

TOTAL REVENUE $34,412,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,897,246

Fundraising Expenses $0

Program Expenses $21,517,790

Other Expenses $15,650,606

TOTAL EXPENSES $23,547,852

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,412,131	$31,928,053	+0.1%
Expenses	$23,547,852	$21,544,437	+0.1%
Net Income	$10,864,279	$10,383,616	+0.0%

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

172

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

$497,005

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL W ROSS	CEO	40.00	Officer	$408,127	$88,878	$497,005
NAZILA SABRIPOUR	DIRECTOR OF OPERATIONS	40.00		$206,370	$32,573	$238,943
KRISTIN MCGRATH	EXEUCTIVE DIRECTOR	40.00		$170,200	$41,593	$211,793
PHUONG WONG	DIR OF FINANCE	40.00		$161,175	$34,413	$195,588
MARGERY CHRIST	DIR OF HR	40.00		$142,758	$31,493	$174,251
CHRISTINE SUSA	DIR OF MARKETING	40.00		$144,498	$10,905	$155,403
MATT HOURIHAN	NATL SALES MANAGER	40.00		$114,425	$26,458	$140,883
CHI NGO	FINANCE MANAGER	40.00		$111,538	$11,261	$122,799
DAVID EADS	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES COTTER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOAN AARESTAD	BOARD MEMBER	2.00	Director	$0	$0	$0
ELEANOR LEE	BOARD MEMBER	2.00	Director	$0	$0	$0
PHILLIP HOSP	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PAT AMSBRY	Treasurer	2.00	Officer Director	$0	$0	$0
MARLON GONZALEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID KLUG	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF MICHAEL	BOARD MEMBER	2.00	Director	$0	$0	$0
BLAIR SALISBURY	BOARD MEMBER	2.00	Director	$0	$0	$0
SHANE PATEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DAN STENZ	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT BOONE	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM BURBANK	Secretary	2.00	Officer Director	$0	$0	$0
TYRON HAMPTON	BOARD CHAIR	2.00	Officer 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
2025	$34,412,131	$23,547,852	$159,892,297	$10,864,279
2024	$31,928,053	$21,544,437	$155,467,209	$10,383,616
2023	$28,723,053	$21,223,025	$151,259,892	$7,500,028
2022	$24,244,402	$18,009,022	$155,500,535	$6,235,380
2021	$7,175,274	$14,655,952	$171,058,083	$-7,480,678
2020	$21,270,716	$20,356,021	$192,599,864	$914,695
2019	$25,533,514	$22,122,866	$187,404,762	$3,410,648
2018	$25,312,396	$22,605,553	$180,959,335	$2,706,843

THE PASADENA CENTER OPERATING COMPANY