California Rodeo Inc

Nonprofit profile at a glance

EIN
940361165
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Salinas, CA, USA
Phone
8317753100
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Official website

Reported finances

Revenue
$7,262,101
Expenses
$6,665,981
Assets
$10,475,126
Liabilities
$308,493

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

72 people listed

Executive titles in this filing

  • STEVE DAVIS (PRESIDENT)
  • ROBERT EGGERS (VICE PRESIDENT)
  • TOM NIELSEN (VICE PRESIDENT)
  • HENRY DILL (VICE PRESIDENT)
  • FRED HOOKER (PAST PRESIDENT)
  • DAVE PEDRAZZI (PAST PRESIDENT)

Highest reported compensation

  • VICTORIA CARLISLE (SPONSORSHIP MANAGER): $188,238 total reported compensation
  • MANDY LINQUIST (MARKETING MANAGER): $140,409 total reported compensation
  • SUZETTE GERTSCH (ACCOUNTING MANAGER): $97,905 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The California rodeo, inc. Is a non-profit organization that strives to preserve and promote the traditions of the California rodeo salinas and the west. The California rodeo salinas and the salinas sports complex support the community and other non-profit organizations through the staging of the annual California rodeo salinas and other year round operations of the salinas sports complex. Through donation of our facility, vending and fundraising opportunities during rodeo and other events, the California rodeo, inc. Aims to return funds annually to local non-profits and to be a hub of the community for various events and activities.

What it reported doing in 2024

Big week activities - the week surrounding the California rodeo salinas is full of activities. The activities include: carnival, concerts, fiestas de rodeo, golf tournament, hall of fame, horse parade, kiddie kapers parade, pbr-xtreme bulls, reach program, and sweetheart soiree.

Operating model

Revenue model
Other-operating. 93% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 87% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 77
  • Accountability: 84
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92%; rating input score 92
  • Program expense ratio: 88.9%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 98.5%; rating input score 99; 27th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 8.2%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 1.57; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 9.8%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: 5.9% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 5.2% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 92% of revenue deployed · 88.9% of spending went to programs
  • Governance: 66 of 67 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $5.9M in reported program spending
  • Leadership: top reported pay $188K · 72 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $744K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 5 filed schedules · includes grants and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Review — Sustainability: Operating margin scored 59/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.