DALLAS PARKS FOUNDATION

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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

2003

Legal Domicile

Principal Officer

Nicholas DiCarlo

Phone

9728167971

Tax Period

2022-01-01 to 2022-12-31

DALLAS PARKS FOUNDATION, founded in 2003, is a micro nonprofit that reported $77K in total revenue in fiscal year 2022. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $415K exceeded revenue, resulting in a 439% operating deficit.

Mission

The Dallas Parks Foundation is dedicated to preserving, protecting, promoting and enhancing existing Dallas Parks while making a lasting contribution to the Park System by securing funds to promote the use of our parks and support the development of new and exciting recreational amenities within the City of Dallas.

Program Service Accomplishments

Program 1

Expenses: $60,465 Revenue: $0

Friends of Willis C Winters came together through direct donations from the community. Upgrades were made to the soccer fields, renovations to the historic pavilion, and added new picnic tables as...

Friends of Willis C Winters came together through direct donations from the community. Upgrades were made to the soccer fields, renovations to the historic pavilion, and added new picnic tables as well as updated the landscaping.

Program 2

Expenses: $105,879 Revenue: $0

The Dallas Parks Foundation partnered with the Dallas Parks and Recreation Department to facilitate the Best Buy Teen Tech Center. An innovative, creative, out-of-school learning space where young...

The Dallas Parks Foundation partnered with the Dallas Parks and Recreation Department to facilitate the Best Buy Teen Tech Center. An innovative, creative, out-of-school learning space where young people, ages 12-17, can work with adult mentors to develop new skills, explore their own ideas, and build confidence in themselves through the use of cutting-edge technology. The students have access to a full audio recording studio, and editing bay, film and television productions, 3D graphics, and an animation studio.

Program 3

Expenses: $226,771 Revenue: $0

The Dallas Parks Foundation continues to support local friends groups and parks to assist in enhancing the beauty and beneficial use of public lands and right of ways in the city and parks. The...

The Dallas Parks Foundation continues to support local friends groups and parks to assist in enhancing the beauty and beneficial use of public lands and right of ways in the city and parks. The foundation does this by promoting, securing, and administering funds to enhance and maintain parks throughout Dallas, increasing public funds for the parks systems, and raising community awareness of park stewardship. In addition, the Foundation promotes charitable, scientific, literary, educational, social, and public health and wellness activities and programs to benefit the park system, land conservation, and public health and wellness.

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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 $77,096

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $77,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $393,115

Other Expenses $415,451

TOTAL EXPENSES $415,451

Year-over-Year Comparison

	2022	2021	Change
Revenue	$77,096	$259,741	-0.7%
Expenses	$415,451	$242,632	+0.7%
Net Income	$-338,355	$17,109	-20.8%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diane Jennings	Director	5	Director	$0	$0	$0
John D Love	Director	5	Director	$0	$0	$0
Charisse Beaupreau	Director	1	Director	$0	$0	$0
Donald Graneto	Director	1	Director	$0	$0	$0
Robbie Good	President	10	Officer	$0	$0	$0
Nicholas J DiCarlo	Treasurer	10	Officer	$0	$0	$0
Aaron Abelson	Secretary	10	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
2022	$77,096	$415,451	No data	$-338,355
2021	$259,741	$242,632	$903,243	$17,109
2020	$357,203	$378,807	$893,614	$-21,604
2018	$621,843	$565,904	$822,825	$55,939