According to San Francisco Zoological Society 2023 tax filing found at propublica.org the San Francisco Zoo's fiscal condition reveal concerns about its long-term sustainability.
Here's a breakdown of the key findings:
1. Negative Net Income: The zoo reported a negative net income of -$2,244,644, indicating that its expenses exceeded its revenue during the reporting period. This shortfall raises questions about the organization's financial management and its ability to cover operational costs.
2. Revenue Composition: While the zoo generates significant revenue from program services and contributions, it's alarming that sales of assets contributed negatively to revenue. This suggests potential financial strain and the need for the zoo to explore alternative revenue streams to mitigate reliance on asset sales.
3. Expense Management: The zoo's expenses, particularly in categories such as executive compensation and other salaries and wages, appear substantial relative to its revenue. This imbalance underscores the importance of implementing cost-saving measures and improving resource allocation to achieve financial sustainability.
4. Assets and Liabilities: Although the zoo's total assets exceed its liabilities, the negative net income and reliance on asset sales signal a need for prudent management of resources to avoid depletion of assets over time. This highlights the importance of maintaining a healthy balance between income and expenditure.
5. Dependency on Contributions: While contributions form a significant portion of the zoo's revenue, heavy reliance on donor support poses risks, as contributions can fluctuate and may not always be predictable. Diversifying revenue sources could help mitigate this dependency and enhance financial stability.
Here are the compensation packages of its top executives and officers, shedding light on the remuneration received by key personnel within the organization.
Here's a breakdown of the compensation figures:
Tanya Peterson (Executive Director And President): $339,500 in compensation, with an additional $38,374 in other related expenses.
Vitus Leung (Executive Vice President Of HR): $196,423 in compensation, with an additional $19,783 in other related expenses.
Vincent Grubbs (Chief Financial Officer): $188,769 in compensation, with an additional $19,400 in other related expenses.
Timothy Wu (Executive Vice President Of Philanthropy): $180,177 in compensation, with an additional $18,971 in other related expenses.
Jason Watters (Executive VP Of Wellness & Animal Behavior): $148,004 in compensation, with an additional $17,362 in other related expenses.
Christopher Connors (Executive Vice President Of Operations): $141,154 in compensation, with an additional $28,457 in other related expenses.
Susan Roe (Director Of Development): $126,000 in compensation, with an additional $16,262 in other related expenses.