SANTA MONICA PIER CORPORATION

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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

1983

Legal Domicile

Principal Officer

JIM HARRIS

Phone

3104588900

Tax Period

2024-07-01 to 2025-06-30

SANTA MONICA PIER CORPORATION, founded in 1983, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

PROMOTION AND MANAGEMENT OF THE SANTA MONICA PIER.

Program Service Accomplishments

Program 1

Expenses: $2,066,524 Revenue: $1,692,271

THE SANTA MONICA PIER CORPORATION (ORGANIZATION) WAS FORMED IN NOVEMBER 1983 AS A NONPROFIT PUBLIC BENEFIT CORPORATION WHOSE PURPOSE IS TO PROMOTE THE SANTA MONICA PIER (PIER) AS A WORLD-CLASS...

THE SANTA MONICA PIER CORPORATION (ORGANIZATION) WAS FORMED IN NOVEMBER 1983 AS A NONPROFIT PUBLIC BENEFIT CORPORATION WHOSE PURPOSE IS TO PROMOTE THE SANTA MONICA PIER (PIER) AS A WORLD-CLASS DESTINATION. THE ORGANIZATION MANAGES BOTH FILM PERMITS AND EVENTS AT THE HISTORIC CAROUSEL AND THE DECK OF THE WORLD FAMOUS SANTA MONICA PIER. IN ADDITION, THE ORGANIZATION ENGAGES IN MARKETING, SOCIAL MEDIA AND PROGRAMMING ACROSS FIVE CATEGORIES INCLUDING MUSIC, FILM, EDUCATION, ART AND ACTIVE LIFESTYLE. THE ORGANIZATION ALSO PRODUCES SIGNATURE EVENTS LIKE THE TWILIGHT CONCERT SERIES AND PADDLEBOARD & OCEAN FESTIVAL, WHICH DRAW THOUSANDS TO THE PIER EACH SUMMER.

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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 $668,257

Program Service Revenue $1,672,634

Investment Income $-51,319

Other Revenue $19,637

TOTAL REVENUE $2,309,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $901,089

Fundraising Expenses $47,274

Program Expenses $2,066,524

Other Expenses $1,429,199

TOTAL EXPENSES $2,330,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,309,209	$1,928,652	+0.2%
Expenses	$2,330,288	$1,913,937	+0.2%
Net Income	$-21,079	$14,715	-2.4%

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

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

$206,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MISTI KERNS	BOARD MEMBER	3.00	Director	$0	$0	$0
JULIETA GINER	BOARD MEMBER	4.00	Director	$0	$0	$0
DAVID NEWBURG	SECRETARY	4.00	Officer Director	$0	$0	$0
CARTER RUBIN	BOARD MEMBER	4.00	Director	$0	$0	$0
RANDI PARENT	VICE CHAIR	3.00	Officer Director	$0	$0	$0
NICHOLAS ROLSTON	BOARD MEMBER	3.00	Director	$0	$0	$0
PETER TRINH	BOARD MEMBER	3.00	Director	$0	$0	$0
JAMES E HARRIS	EXECUTIVE DIRECTOR	40.00	Officer	$173,585	$32,765	$206,350
AURORA PINA	OPERATIONS DIRECTOR	40.00	Highest	$106,560	$32,172	$138,732

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	$2,309,209	$2,330,288	$1,428,787	$-21,079
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,716,866	$1,659,996	$546,059	$56,870
2023	$1,630,338	$1,656,553	$527,303	$-26,215
2022	$1,240,160	$1,210,011	$691,002	$30,149
2021	$494,334	$934,516	$302,876	$-440,182
2021	$529,848	$926,040	$389,114	$-396,192
2020	$2,073,310	$2,275,153	$670,786	$-201,843
2020	$2,087,870	$2,274,858	$648,453	$-186,988
2019	$2,836,366	$2,926,432	$884,394	$-90,066
2018	$2,325,638	$2,457,225	$981,796	$-131,587