FRIENDS OF HUDSON RIVER PARK 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

1999

Legal Domicile

Principal Officer

CONNIE FISHMAN

Phone

2127570981

Tax Period

2024-04-01 to 2025-03-31

FRIENDS OF HUDSON RIVER PARK INC, founded in 1999, is a community nonprofit in the Recreation & Sports sector that reported $4.8M in total revenue in fiscal year 2024. Expenses of $4.6M left a modest 4% surplus.

Mission

FUNDRAISING, MARKETING AND COMMUNICATION AND PUBLIC POLICY FOR THE HUDSON RIVER PARK.

Program Service Accomplishments

Program 1

Expenses: $59,847

PUBLIC POLICY IS TO SUPPORT CONSTRUCTION FUNDING FOR THE PARK, INCLUDING POSITION PAPERS, RECRUITMENT OF SUPPORTING GROUPS, MEETINGS WITH PUBLIC OFFICIALS, MEDIA WORK AND STUDY OF DEVELOPMENT PLANS.

Program 2

Expenses: $2,545,373

PROVIDING FUNDS TO THE HUDSON RIVER PARK TRUST AND VOLUNTEER SERVICES TO SUPPORT THE CARE AND ENHANCEMENTS OF THE PARK.

Program 3

Expenses: $542,443

PUBLICATIONS/ CONSTITUENCY BUILDING - PRINTING AND DISTRIBUTION OF NEWSLETTER, WEBSITE DEVELOPMENT AND OUTREACH ACTIVITES TO EXPAND THE CONSTITUENY OF THOSE SUPPORTING THE DEVLOPMENT OF HUDSON RIVER...

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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 $4,790,138

Program Service Revenue $0

Investment Income $5,897

Other Revenue $0

TOTAL REVENUE $4,796,035

Expense Breakdown

Grants Paid $1,717,202

Salaries & Benefits $2,297,457

Fundraising Expenses $721,699

Program Expenses $3,147,663

Other Expenses $584,273

TOTAL EXPENSES $4,598,932

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,796,035	$4,737,709	+0.0%
Expenses	$4,598,932	$4,750,605	0.0%
Net Income	$197,103	$-12,896	-16.3%

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

Volunteers

1500

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

$447,343

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diana Taylor	Chair	2.00	Officer Director	$0	$0	$0
Samuel F Martini	Treasurer	2.00	Officer Director	$0	$0	$0
Susanna Aaron	Secretary	2.00	Officer Director	$0	$0	$0
David Amsterdam	Director	2.00	Director	$0	$0	$0
Aditi Banga	Director	2.00	Director	$0	$0	$0
Cathy Blaney	Director	2.00	Director	$0	$0	$0
Anthony Borelli	Director	2.00	Director	$0	$0	$0
Peter Braus	Director	2.00	Director	$0	$0	$0
Ben Brown	Director	2.00	Director	$0	$0	$0
David Chang	Director	2.00	Director	$0	$0	$0
Steven Charno	Director	2.00	Director	$0	$0	$0
Jennifer Cohan	Director	2.00	Director	$0	$0	$0
Kara Dennis	Director	2.00	Director	$0	$0	$0
Douglas B Heitner	Director	2.00	Director	$0	$0	$0
Shari Hyman	Director	2.00	Director	$0	$0	$0
David Juracich	Director	2.00	Director	$0	$0	$0
Lawrence Keigwin	Director	2.00	Director	$0	$0	$0
Sarah Lambert	Director	2.00	Director	$0	$0	$0
Meryl Levin	Director	2.00	Director	$0	$0	$0
Krista Nickols	Director	2.00	Director	$0	$0	$0
Joshua Rahn	Director	2.00	Director	$0	$0	$0
Joseph B Rose	Director	2.00	Director	$0	$0	$0
Haley Schwartz	Director	2.00	Director	$0	$0	$0
Ben Shaoul	Director	2.00	Director	$0	$0	$0
Martha Stewart	Director	2.00	Director	$0	$0	$0
David Tisch	Director	2.00	Director	$0	$0	$0
Nat Turner	Director	2.00	Director	$0	$0	$0
Mark Van Zandt	Director	2.00	Director	$0	$0	$0
Greg Wasserman	Director	2.00	Director	$0	$0	$0
David Weil	Director	2.00	Director	$0	$0	$0
Jacob Werner	Director	2.00	Director	$0	$0	$0
Daniel J Williams	Director	2.00	Director	$0	$0	$0
Emily Yoder	Director	2.00	Director	$0	$0	$0
Connie Fishman	Executive Director	40.00	Officer	$251,975	$10,560	$262,535
Jean Kogut	Director of Finance and Operations	40.00	Officer	$140,346	$44,462	$184,808
Toby Pearce	Chief Development Officer	40.00	Highest	$214,596	$26,731	$241,327
Cheryl Herman	Sr. Director Integrated Media	40.00	Highest	$145,602	$59,730	$205,332
Amy Molinero	Director, Corporate and Community Engagement	40.00	Highest	$146,048	$25,176	$171,224
Phoebe Doran	Director of Events and Creative Services	40.00	Highest	$122,299	$20,245	$142,544
Eliza Kinsolving	Senior Director of Individual Giving	40.00	Highest	$113,294	$23,953	$137,247

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	$4,796,035	$4,598,932	$1,966,412	$197,103
2024	$4,737,709	$4,750,605	$3,764,710	$-12,896
2023	$5,224,563	$5,856,661	$3,496,865	$-632,098
2022	$4,419,034	$4,298,515	$3,524,338	$120,519
2021	$3,376,427	$3,483,025	$2,822,440	$-106,598
2020	$3,797,406	$3,764,172	$2,252,569	$33,234
2019	$6,383,252	$6,395,551	$2,026,205	$-12,299
2018	$4,925,969	$3,943,676	$2,499,845	$982,293