RANDALL'S ISLAND PARK ALLIANCE INC

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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

1994

Legal Domicile

Principal Officer

DEBORAH MAHER

Phone

2128601899

Tax Period

2024-01-01 to 2024-12-31

RANDALL'S ISLAND PARK ALLIANCE INC, founded in 1994, is a mid-sized nonprofit that reported $11.6M in total revenue in fiscal year 2024.

Mission

THE RANDALL'S ISLAND PARK ALLIANCE, INC. (RIPA) IS A 501(C)(3) NON-PROFIT ORGANIZATION THAT WORKS WITH THE CITY OF NEW YORK AND LOCAL COMMUNITIES TO PROVIDE AN INNOVATIVE AND EXCITING DESTINATION THROUGH A WIDE RANGE OF SPORTS VENUES, CULTURAL EVENTS AND ENVIRONMENTAL EXPLORATION. AS THE DEDICATED STEWARD OF RANDALL'S ISLAND PARK, THE ALLIANCE SUSTAINS, MAINTAINS, DEVELOPS AND PROGRAMS THE PARK TO SUPPORT THE WELLBEING OF ALL NEW YORKERS.

Program Service Accomplishments

Program 1

Expenses: $3,991,959 Revenue: $4,204,394

RIPA MAINTAINED AND IMPROVED 330 ACRES OF NYC PUBLIC PARKLAND ON RANDALL'S ISLAND, WITH A FOCUS ON THE OPERATION AND UPKEEP OF OVER 60 ATHLETIC FIELDS - ONE OF THE MOST HEAVILY USED SPORTS FIELD...

RIPA MAINTAINED AND IMPROVED 330 ACRES OF NYC PUBLIC PARKLAND ON RANDALL'S ISLAND, WITH A FOCUS ON THE OPERATION AND UPKEEP OF OVER 60 ATHLETIC FIELDS - ONE OF THE MOST HEAVILY USED SPORTS FIELD COMPLEXES IN NEW YORK CITY. RIPA ALSO MAINTAINED AND PROGRAMMED ICAHN STADIUM FOR TRACK AND FIELD EVENTS, INCLUDING THE UPKEEP OF A NEW, PROFESSIONAL SOCCER PITCH. FIELDS WERE KEPT IN HIGH QUALITY PLAYABLE CONDITION THROUGH YEAR-ROUND TURF MANAGEMENT, IRRIGATION REPAIRS, AND RENOVATIONS. RIPA MAINTAINED PARK INFRASTRUCTURE INCLUDING RESTROOMS, RECREATIONAL SPACES, AND EQUIPMENT. RIPA ALSO STEWARDED PATHWAYS, GARDENS, AND GREEN SPACES. THE NATURAL AREAS TEAM PLANTED OVER 200 TREES, RESTORED MEADOWS, AND REMOVED SHORELINE DEBRIS. AT THE URBAN FARM, A NEW GREENHOUSE EXPANDED ITS GROWING CAPACITY, CONTRIBUTING TO A 4,700 POUND HARVEST, MUCH OF WHICH WAS DONATED TO LOCAL COMMUNITIES AND USED FOR EDUCATIONAL PURPOSES.

Program 2

Expenses: $3,798,730 Revenue: $870,065

IN 2024, RIPA CONTINUED TO MAINTAIN AND OPERATE ICAHN STADIUM, AN IAAF-CERTIFIED FACILITY WITH SEATING FOR 5,000 SPECTATORS. THE STADIUM HOSTED APPROXIMATELY 70 TRACK AND FIELD MEETS, INCLUDING...

IN 2024, RIPA CONTINUED TO MAINTAIN AND OPERATE ICAHN STADIUM, AN IAAF-CERTIFIED FACILITY WITH SEATING FOR 5,000 SPECTATORS. THE STADIUM HOSTED APPROXIMATELY 70 TRACK AND FIELD MEETS, INCLUDING CHAMPIONSHIP EVENTS FOR LOCAL PUBLIC, PRIVATE, AND PAROCHIAL SCHOOLS, AS WELL AS ELITE COMPETITIONS FEATURING PROFESSIONAL ATHLETES. IN ADDITION TO ITS CORE TRACK AND FIELD PROGRAMMING, RIPA INVESTED IN A NEW PROFESSIONAL-GRADE GRASS SOCCER PITCH, ENHANCING THE STADIUM'S ABILITY TO HOST HIGH-LEVEL SOCCER AND OTHER RECTANGULAR FIELD SPORTS. IN 2024, THE STADIUM HOSTED TWO MLS-LEVEL MATCHES FOR NEW YORK CITY FC'S MINOR LEAGUE TEAM, WITH ADDITIONAL EVENTS PLANNED, FOLLOWING THE SUCCESS OF THESE GAMES.

Program 3

Expenses: $2,192,263 Revenue: $163,958

IN 2024, RIPA OFFERED OVER 300 FREE PUBLIC PROGRAMS, DRAWING MORE THAN 18,000 VISITORS TO THE PARK STAFF HOSTED OVER 200 DROP-IN EVENTS SUCH AS FESTIVALS, YOGA, OUTDOOR MOVIES, AND URBAN FARM...

IN 2024, RIPA OFFERED OVER 300 FREE PUBLIC PROGRAMS, DRAWING MORE THAN 18,000 VISITORS TO THE PARK STAFF HOSTED OVER 200 DROP-IN EVENTS SUCH AS FESTIVALS, YOGA, OUTDOOR MOVIES, AND URBAN FARM PROGRAMS. VOLUNTEER ENGAGEMENT INCREASED BY 35% FROM 2023, WITH NEARLY 2,500 INDIVIDUALS PARTICIPATING. RIPA'S ENVIRONMENTAL EDUCATION PROGRAM SERVED 3,000 PUBLIC SCHOOL STUDENTS: A 37% YEAR-OVER-YEAR INCREASE. RIPA ALSO HOSTED ITS ANNUAL FREE SUMMER CAMP IN PARTNERSHIP WITH LOCAL COMMUNITY-BASED ORGANIZATIONS, PROVIDING MORE THAN 5,000 CHILDREN WITH OPPORTUNITIES TO EXPERIENCE RECREATIONAL AND EDUCATIONAL ACTIVITIES ACROSS THE PARK.

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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 $5,412,846

Program Service Revenue $5,640,238

Investment Income $369,360

Other Revenue $140,146

TOTAL REVENUE $11,562,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,071,608

Fundraising Expenses $801,966

Program Expenses $10,232,891

Other Expenses $6,141,611

TOTAL EXPENSES $12,213,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,562,590	$11,974,025	0.0%
Expenses	$12,213,219	$10,656,008	+0.1%
Net Income	$-650,629	$1,318,017	-1.5%

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

117

Volunteers

1700

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

$379,792

Total Directors