PROSPECT PARK ALLIANCE INC (EIN 112843763) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

Morgan Monaco

Phone

7189658951

Tax Period

2023-07-01 to 2024-06-30

PROSPECT PARK ALLIANCE INC, founded in 1987, is a mid-sized nonprofit in the Recreation & Sports sector that reported $18.2M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $17.0M left a modest 6% surplus.

Mission

In partnership with the City of New York and the community, the Prospect Park Alliance restores, develops, and operates Prospect Park for the enjoyment of all by caring for the natural environment, preserving historic design, and serving the public through facilities and programs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,489,763

Program Service Revenue $8,645,211

Investment Income $1,622,665

Other Revenue $-570,904

TOTAL REVENUE $18,186,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,847,106

Fundraising Expenses $1,670,633

Program Expenses $13,275,596

Other Expenses $7,839,182

TOTAL EXPENSES $17,012,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,186,735	$14,051,056	+0.3%
Expenses	$17,012,763	$14,717,514	+0.2%
Net Income	$1,173,972	$-666,458	-2.8%

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

212

Volunteers

2595

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

$295,385

Total Directors

$295,385

Key Employees

$935,265

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Morgan Monaco	President / Ex-Officio Board member	40	Officer Director	$295,385	$0	$295,385
James Snow	COO / CFO / Interim President	40	Key Emp	$263,289	$5,299	$268,588
Christian Zimmerman	VP, Capital and Landscape Mgmt	40	Key Emp	$170,658	$33,788	$204,446
Susan Sharer	VP, Development	40	Key Emp	$154,091	$41,846	$195,937
Deborah Kirschner	VP, Communications + External Relations	40	Highest	$131,810	$36,840	$168,650
Adina Cole	VP, People + Culture	40	Highest	$142,712	$19,079	$161,791
Maria Carrasco	VP, Public Programs	40	Highest	$147,239	$2,945	$150,184
David Yum	Director of Architecture & Preservation	40	Key Emp	$126,692	$13,948	$140,640
Adrian Clarke	Tennis Center Director	40	Key Emp	$123,565	$2,089	$125,654
Susan Donoghue	Ex-officio Board Member	2	Director	$0	$0	$0
Shahana Hanif	Ex-Officio/NYC Council Member	2	Director	$0	$0	$0
Antonio Reynoso	Ex-officio - Brooklyn Borough President	2	Director	$0	$0	$0
Lori Ardito	Board Member	2	Director	$0	$0	$0
Shawn Austin	Board Member	2	Director	$0	$0	$0
Andrew Birsh	Board Member	2	Director	$0	$0	$0
Suzy Coue-Wilson	Board Member	2	Director	$0	$0	$0
Allison Dunn	Board Member	2	Director	$0	$0	$0
Liza Gilbert	Board Member	2	Director	$0	$0	$0
Sharon Greenberger	Board Member	2	Director	$0	$0	$0
Winthrop Hoyt	Board Member	2	Director	$0	$0	$0
Michael Kalt	Board Member	2	Director	$0	$0	$0
Susan Kath	Board Member	2	Director	$0	$0	$0
Tom Keany	Board Member	2	Director	$0	$0	$0
Sabrina Leblanc	Board Member	2	Director	$0	$0	$0
Raquel Malmberg	Board Member	2	Director	$0	$0	$0
Jeff Mandel	Board Member	2	Director	$0	$0	$0
David M Marcinek	Board Member	2	Director	$0	$0	$0
Lark-Marie Menchini	Board Member	2	Director	$0	$0	$0
James Patchett	Board Member	2	Director	$0	$0	$0
Bahia Ramos	Board Member	2	Director	$0	$0	$0
Dr Patricia Ramsey	Board Member	2	Director	$0	$0	$0
Robert Rosenberg	Board Member	2	Director	$0	$0	$0
Page Sargisson	Board Member	2	Director	$0	$0	$0
Anne Sperling	Board Member	2	Director	$0	$0	$0
Dr Nanette Thomas	Board Member	2	Director	$0	$0	$0
Saundra Thomas	Board Member	2	Director	$0	$0	$0
Iris Weinshall	Chair / Board Member	2	Officer	$0	$0	$0
Sharon Myrie	Vice Chair / Board Member	2	Officer	$0	$0	$0
Sarah Gerstenzang	Secretary / Board Member	2	Officer	$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	No data	No data	No data	No data
2024	$18,186,735	$17,012,763	$45,524,475	$1,173,972
2023	$14,051,056	$14,717,514	$40,930,946	$-666,458
2022	$20,911,979	$11,652,771	$40,316,245	$9,259,208
2021	$14,619,569	$9,660,913	$34,463,999	$4,958,656
2020	$11,001,395	$10,956,163	$25,574,169	$45,232
2019	$11,673,005	$11,186,795	$24,084,578	$486,210
2018	$10,550,885	$10,340,005	$22,273,363	$210,880

PROSPECT PARK ALLIANCE INC