NOVI PARKS FOUNDATION (EIN 200902251) - 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

2004

Legal Domicile

Principal Officer

CHARLES STAAB

Phone

2483470400

Tax Period

2023-01-01 to 2023-12-31

NOVI PARKS FOUNDATION, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $136K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $116K, a strong 85% operating margin.

Mission

TO MAXIMIZE NON-TAX FINANCIAL SUPPORT OF THE FACILITIES AND PROGRAMS OF THE PARKS, RECREATION & FORESTRY DEPARTMENTS OF THE CITY OF NOVI, MICHIGAN BY DEVELOPING AND PROMOTING A BOARD PROGRAM FOR PRIVATE DONATIONS AND PUBLIC GRANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $142,653

Program Service Revenue $0

Investment Income $3,346

Other Revenue $-9,842

TOTAL REVENUE $136,157

Expense Breakdown

Grants Paid $3,033

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,430

Other Expenses $16,984

TOTAL EXPENSES $20,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,157	$252,597	-0.5%
Expenses	$20,017	$10,119	+1.0%
Net Income	$116,140	$242,478	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES STAAB	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN ADAMS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SHEEL DESAI	TREASURER	1.00	Officer Director	$0	$0	$0
SUPRIYA JOSHI	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID LANDRY	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN JOSEPH	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM CZAP	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRY TORIMOTO	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA AGOSTA	EXECUTIVE DI	1.00	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
2023	$136,157	$20,017	$626,978	$116,140
2022	$252,597	$10,119	$510,838	$242,478
2021	$26,741	$90,055	$268,360	$-63,314
2020	$9,149	$163,412	$331,528	$-154,263
2019	$83,284	$53,484	$485,791	$29,800
2018	$64,886	$94,799	$455,991	$-29,913

NOVI PARKS FOUNDATION