WESTCHESTER PARKS FOUNDATION INC (EIN 132937499) - 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

1977

Legal Domicile

Principal Officer

JOSEPH A STOUT

Phone

9142314600

Tax Period

2023-01-01 to 2023-12-31

WESTCHESTER PARKS FOUNDATION INC, founded in 1977, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Expenses of $4.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO SUPPORT, INVEST IN. AND PROMOTE THE PARKS WITHIN THE WESTCHESTER COUNTY PARK SYSTEM.

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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 $792,960

Program Service Revenue $2,733,478

Investment Income $15,674

Other Revenue $167,364

TOTAL REVENUE $3,709,476

Expense Breakdown

Grants Paid $618,129

Salaries & Benefits $1,723,667

Fundraising Expenses $375,539

Program Expenses $3,229,619

Other Expenses $1,784,188

TOTAL EXPENSES $4,125,984

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,709,476	$3,731,239	0.0%
Expenses	$4,125,984	$3,778,928	+0.1%
Net Income	$-416,508	$-47,689	+7.7%

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

102

Volunteers

4127

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

$157,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE LA PORTA	DEPUTY EXECUTIVE DIRECTOR	40.00	Highest	$138,467	$3,603	$142,070
ERIN CORDINER	DIRECTOR OF PHILANTHROPY	40.00	Highest	$105,221	$11,450	$116,671
SETH MANDELBAUM	CHAIRPERSON	10.00	Officer Director	$0	$0	$0
JOSEPH A STOUT	EXECUTIVE DIRECTOR	40.00	Officer	$0	$157,000	$157,000
JANE SOLNICK	VICE CHAIRPERSON	10.00	Officer Director	$0	$0	$0
MARK S TULIS	TREASURER	10.00	Officer Director	$0	$0	$0
JOHN KIRKPATRICK	SECRETARY TO 11/2023	10.00	Officer Director	$0	$0	$0
MARTIN A KAMARCK	SECRETARY FR 11/2023	10.00	Officer Director	$0	$0	$0
JOSEPH V APICELLA	TRUSTEE	1.00	Director	$0	$0	$0
MARC J BERMAN	TRUSTEE	1.00	Director	$0	$0	$0
KEITH R BETENSKY	TRUSTEE	1.00	Director	$0	$0	$0
NANETTE BOURNE	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH BRACKEN-THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER CAWLEY	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS R HEASLIP JR	TRUSTEE	1.00	Director	$0	$0	$0
APRIL HORTON	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM S GREENWALT	TRUSTEE	1.00	Director	$0	$0	$0
CAROLYN MORIARTY	TRUSTEE	1.00	Director	$0	$0	$0
J HENRY NEALE JR	TRUSTEE	1.00	Director	$0	$0	$0
GLENN PACCHIANA	TRUSTEE	1.00	Director	$0	$0	$0
DOROTHY PLECHATY	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY F RIZZUTO	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL N ROMITA	TRUSTEE	1.00	Director	$0	$0	$0
JOHN P SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
LARRY WILSON	TRUSTEE	1.00	Director	$0	$0	$0
ERICA CHILD	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH GRAZIONE	TRUSTEE	1.00	Director	$0	$0	$0
STEVE GIFFORD	TRUSTEE	1.00	Director	$0	$0	$0
SHELBY GREEN	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$3,709,476	$4,125,984	$4,102,197	$-416,508
2022	$3,731,239	$3,778,928	$4,350,565	$-47,689
2021	$3,829,268	$3,154,325	$3,736,356	$674,943
2021	$3,829,268	$3,154,325	$3,736,356	$674,943
2020	$3,829,100	$3,028,236	$2,672,180	$800,864
2019	$2,974,791	$2,930,533	$1,971,871	$44,258
2018	$2,503,783	$2,870,451	$2,148,162	$-366,668

WESTCHESTER PARKS FOUNDATION INC