BOULDER COUNTY PARKS AND OPEN SPAC… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

JANIS WHISMAN

Phone

3036786276

Tax Period

2024-01-01 to 2024-12-31

BOULDER COUNTY PARKS AND OPEN SPACE FOUNDATION, founded in 2006, is a micro nonprofit in the Recreation & Sports sector that reported $89K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $281K exceeded revenue, resulting in a 215% operating deficit.

Mission

THE PARKS & OPEN SPACE FOUNDATION STRENGTHENS THE CONNECTIONS BETWEEN THE PUBLIC AND THE BOULDER COUNTY PARKS & OPEN SPACE DEPARTMENT BY RAISING PRIVATE FUNDS, SUPPORTING INNOVATIVE PROJECTS, FOSTERING PARTNERSHIPS AND INCREASING COMMUNITY INVOLVEMENT.

Program Service Accomplishments

Program 1

Expenses: $274,080

THE BOULDER COUNTY PARKS & OPEN SPACE FOUNDATION IS PLEASED TO REPORT THE PROVISION OF FUNDING TO SUPPORT THE FOLLOWING PROJECTS IN 2024: - 3,400 TO CONTINUE PARK RANGER OUTREACH TO THE SAN LAZARO...

THE BOULDER COUNTY PARKS & OPEN SPACE FOUNDATION IS PLEASED TO REPORT THE PROVISION OF FUNDING TO SUPPORT THE FOLLOWING PROJECTS IN 2024: - 3,400 TO CONTINUE PARK RANGER OUTREACH TO THE SAN LAZARO COMMUNITY IN BOULDER TO LEAD OUTDOOR ACTIVITIES IN PARTNERSHIP WITH COMMUNITY LEADERS. FOR MANY FAMILIES, THIS WAS THEIR FIRST EXPOSURE TO OPEN SPACE. - 9,175 TO FUND AND TRAIN A SEARCH AND RESCUE DOG MANAGED BY A PARKS RANGER . ----------------- MORE DETAIL ON SCHEDULE O ---------------------

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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 $67,957

Program Service Revenue $0

Investment Income $21,256

Other Revenue $0

TOTAL REVENUE $89,213

Expense Breakdown

Grants Paid $273,537

Salaries & Benefits $0

Fundraising Expenses $1,144

Program Expenses $274,080

Other Expenses $7,523

TOTAL EXPENSES $281,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,213	$145,878	-0.4%
Expenses	$281,060	$870,313	-0.7%
Net Income	$-191,847	$-724,435	-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

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
THERESE GLOWACKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
TINA NIELSEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
D'ANN LAMBERT	TREASURER	5.00	Officer Director	$0	$0	$0
MARISSA FERREIRA	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM KRUG	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM AUERBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
TRISH EMSER	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACE BAKER	BOARD MEMBER	1.00	Director	$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
2024	$89,213	$281,060	$440,611	$-191,847
2023	$145,878	$870,313	$633,763	$-724,435
2022	$73,156	$106,051	$1,354,302	$-32,895
2021	$126,887	$630,625	$1,394,816	$-503,738
2020	$123,163	$115,743	$1,889,057	$7,420
2019	$187,224	$57,477	$1,875,805	$129,747
2018	$1,388,794	$16,730	$1,746,058	$1,372,064

BOULDER COUNTY PARKS AND OPEN SPACE FOUNDATION