THE PALISADES PARKS CONSERVANCY 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

2001

Legal Domicile

Principal Officer

KEVIN REYMOND

Phone

9172678068

Tax Period

2022-04-01 to 2023-03-31

THE PALISADES PARKS CONSERVANCY INC, founded in 2001, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2022. Revenue surged 190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $838K, a strong 79% operating margin.

Mission

THE PALISADES PARKS CONSERVANCY, INC. (THE "CONSERVANCY"), FORMERLY FRIENDS OF THE PALISADES INTERSTATE PARK COMMISSION, INC. WAS FORMED IN MARCH 2001 IN THE STATE OF NEW YORK AS A 501(C)3 NONPROFIT. OUR MISSION IS TO PRESERVE THE PALISADES INTERSTATE PARK'S RICH HISTORY AND BIODIVERSITY, AND PROTECT AMERICA'S FIRST BI-STATE PARK SYSTEM. WE ARE COMMITTED TO SUPPORTING PARKS WHERE ALL VISITORS CAN PLAY, CONNECT, AND IMMERSE THEMSELVES IN NATURE AND CULTURE. PALISADES PARKS CONSERVANCY ACHIEVES ITS MISSION BY RAISING FUNDS AND DELIVERING PROGRAMS AND PROJECTS THAT PROVIDE EDUCATION AND STEWARDSHIP, ENVIRONMENTAL CONSERVATION AND RESTORATION, HISTORIC PRESERVATION, PUBLIC ACCESS AND RECREATION, AND PROTECTION OF NATURAL AND CULTURAL RESOURCES, ALL BENEFITING THE PALISADES INTERSTATE PARK SYSTEM. IT RAISES AND ADMINISTERS FUNDS THAT IMPROVE THE FACILITIES, PRESERVE ENVIRONMENTAL AND CULTURAL SITES AND PROVIDES EDUCATION WITHIN THE PALISADES INTERSTATE PARK SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $146,896

FUNDS RAISED TO SUPPORT PROGRAMMING, ACTIVITIES AND INFRASTRUCTURE OR MANAGEMENT IMPROVEMENTS BENEFITING THE PALISADES INTERSTATE PARK SYSTEM, THE PALISADES INTERSTATE PARK COMMISSION AND VISITOR...

FUNDS RAISED TO SUPPORT PROGRAMMING, ACTIVITIES AND INFRASTRUCTURE OR MANAGEMENT IMPROVEMENTS BENEFITING THE PALISADES INTERSTATE PARK SYSTEM, THE PALISADES INTERSTATE PARK COMMISSION AND VISITOR EXPERIENCE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,075,203

Program Service Revenue $0

Investment Income $-1,545

Other Revenue $-10,391

TOTAL REVENUE $1,063,267

Expense Breakdown

Grants Paid $100,788

Salaries & Benefits $55,590

Fundraising Expenses $19,552

Program Expenses $146,896

Other Expenses $69,007

TOTAL EXPENSES $225,385

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,063,267	$366,132	+1.9%
Expenses	$225,385	$384,304	-0.4%
Net Income	$837,882	$-18,172	-47.1%

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

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

$14,353

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL ASH	PRESIDENT	3.00	Officer Director	$0	$0	$0
ELIZABETH GREENSTEIN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
KEVIN REYMOND	TREASURER	3.00	Officer Director	$0	$0	$0
VICTOR DEL RIO	SECRETARY	3.00	Officer Director	$0	$0	$0
HOLLY LEICHT	DIRECTOR	3.00	Director	$0	$0	$0
DAVID KUPPERMAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MA	DIRECTOR	1.00	Director	$0	$0	$0
PAUL TOMASKO	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA HYMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN TREMBLE	DIRECTOR	1.00	Director	$0	$0	$0
ERIK LARSEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL P DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
REMY SCHWARTZ	ASSOCIATE DIRECTOR	40.00	Officer	$13,916	$437	$14,353

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	$1,063,267	$225,385	$1,318,540	$837,882
2023	$1,126,360	$263,355	$2,188,418	$863,005
2022	$366,132	$384,304	$496,760	$-18,172
2021	$255,552	$252,017	$535,802	$3,535
2020	$339,268	$420,702	$562,313	$-81,434
2019	$567,990	$415,241	$698,672	$152,749