MINNEAPOLIS PARKS FOUNDATION (EIN 200715686) - 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

2003

Legal Domicile

Principal Officer

ANNE HOYT TAFF

Phone

6128222656

Tax Period

2024-01-01 to 2024-12-31

MINNEAPOLIS PARKS FOUNDATION, founded in 2003, is a community nonprofit in the Recreation & Sports sector that reported $5.2M in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.9M, a strong 74% operating margin.

Mission

TRANSFORM LIVES THROUGH PARK & PUBLIC SPACE BY ALIGNING PHILANTHROPIC INVESTMENT & COMMUNITY VISION

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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 $4,620,710

Program Service Revenue $0

Investment Income $618,150

Other Revenue $-34,695

TOTAL REVENUE $5,204,165

Expense Breakdown

Grants Paid $172,231

Salaries & Benefits $768,857

Fundraising Expenses $239,496

Program Expenses $731,333

Other Expenses $340,296

TOTAL EXPENSES $1,333,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,204,165	$12,846,840	-0.6%
Expenses	$1,333,861	$1,746,389	-0.2%
Net Income	$3,870,304	$11,100,451	-0.7%

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

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

$145,942

Total Directors

$60,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH DUNIWAY	CHAIR	4.00	Officer Director	$0	$0	$0
JASMINE RUSSELL	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MATT DUDITCH	TREASURER	4.00	Officer Director	$0	$0	$0
KARIN BIRKELAND	SECRETARY	4.00	Officer Director	$0	$0	$0
ZAKARIA ADEN	DIRECTOR	2.00	Director	$0	$0	$0
NIMA AHMADI	DIRECTOR	2.00	Director	$0	$0	$0
YUAN DANIEL CHENG	DIRECTOR	2.00	Director	$0	$0	$0
JOCELYN HALE	DIRECTOR, INTERIM EXECUTIVE DIRECTOR	20.00	Director	$60,750	$0	$60,750
JAY HALVORSON	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH HUMKE	DIRECTOR	2.00	Director	$0	$0	$0
KELSEY ARNESON METZGER	DIRECTOR	2.00	Director	$0	$0	$0
MILUSKA NOVOTA	DIRECTOR	2.00	Director	$0	$0	$0
RANDY RANDOLPH	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES RUCKER	DIRECTOR	2.00	Director	$0	$0	$0
HEATH RUDDUCK	DIRECTOR	2.00	Director	$0	$0	$0
JEAN SAZEVICH	DIRECTOR	2.00	Director	$0	$0	$0
HEIDI SCHMIDT	DIRECTOR	2.00	Director	$0	$0	$0
KAREN TROUBA	DIRECTOR	2.00	Director	$0	$0	$0
DONOVAN WALSH	DIRECTOR	2.00	Director	$0	$0	$0
SHELLEY CARTHEN WATSON	DIRECTOR	2.00	Director	$0	$0	$0
TODD WESTERN	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG WILSON	DIRECTOR	2.00	Director	$0	$0	$0
AL BANGOURA	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
JACOB FREY	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
ANNE HOYT TAFF	EXECUTIVE DIRECTOR	40.00	Officer	$78,535	$17,872	$96,407
TOM EVERS	FORMER EXECUTIVE DIRECTOR	2.00	Officer	$47,749	$1,786	$49,535

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	No data	No data	No data	No data
2024	$5,204,165	$1,333,861	$17,673,555	$3,870,304
2023	$12,805,116	$1,746,389	$13,795,160	$11,058,727
2022	$1,216,778	$1,518,255	$2,888,627	$-301,477
2021	$2,195,197	$1,469,918	$3,258,087	$725,279
2020	$2,799,724	$7,270,387	$2,525,533	$-4,470,663
2019	$3,591,367	$5,679,971	$7,000,406	$-2,088,604
2018	$2,368,064	$3,927,301	$9,082,401	$-1,559,237

MINNEAPOLIS PARKS FOUNDATION