WRIGHT ON THE PARK 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

2005

Legal Domicile

Principal Officer

HOLLIE DICKES

Phone

6414230689

Tax Period

2023-01-01 to 2023-12-31

WRIGHT ON THE PARK INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $116K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $61K, a strong 52% operating margin.

Mission

THE MISSION OF WRIGHT ON THE PARK, INC. IS TO OWN, PRESERVE AND MAINTAIN THE HISTORIC PARK INN HOTEL DESIGNED BY FRANK LLOYD WRIGHT AND TO PROVIDE CONTINUING EDUCATION TO THE PUBLIC ABOUT ITS PLACE IN THE CONTEXT OF ARCHITECTURAL HISTORY.

Program Service Accomplishments

Program 1

Expenses: $23,827 Revenue: $13,378

THE PRIMARY ACTIVITIES OF THE ORGANIZATION ARE OVERSIGHT AND MAINTENANCE OF THE HISTORIC HOTEL PROPERTY WHICH WAS PLACED IN SERVICE IN 2011 AND DEVELOPMENT OF A CURRICULUM TO PROVIDE ARCHITECTS AND TEACHERS WITH INFORMATION RELATED TO THE BUILDINGS, FRANK LLOYD WRIGHT AND PRAIRIE SCHOOL ARCHITECTURE. THE ORGANIZATION ALSO PROVIDES DOCENT-LED TOURS OF THE HOTEL PROPERTY TO EDUCATE PATRONS ABOUT THE HISTORIC PROPERTY, FRANK LLOYD WRIGHT AND THE REHABILITATION PROCESS THAT THE HOTEL UNDERWENT.

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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 $45,331

Program Service Revenue $13,378

Investment Income $3,452

Other Revenue $53,901

TOTAL REVENUE $116,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,860

Fundraising Expenses $4,931

Program Expenses $23,827

Other Expenses $34,659

TOTAL EXPENSES $55,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,062	$184,430	-0.4%
Expenses	$55,519	$62,976	-0.1%
Net Income	$60,543	$121,454	-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

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
PERRY BUFFINGTON	PRESIDENT	5.00	Officer Director	$0	$0	$0
HOLLIE DICKES	TREASURER	5.00	Officer Director	$0	$0	$0
AMY DIXON	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
JOANNE HARDINGER	DIRECTOR	3.00	Director	$0	$0	$0
LARRY HAUGEN	DIRECTOR	3.00	Director	$0	$0	$0
MADISON NELSON	DIRECTOR	3.00	Director	$0	$0	$0
JUSTIN PRUISMAN	DIRECTOR	3.00	Director	$0	$0	$0
STEVEN VAN STEENHUYSEN	DIRECTOR	3.00	Director	$0	$0	$0
AMANDA TERHARK	SECRETARY	5.00	Officer Director	$0	$0	$0
KRIS URDAHL	DIRECTOR	3.00	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	No data	No data	No data	No data
2023	$116,062	$55,519	$18,669,924	$60,543
2022	$184,430	$62,976	$18,609,444	$121,454
2021	$161,352	$54,755	$18,487,756	$106,597
2020	$67,199	$40,150	$18,381,058	$27,049
2019	$101,149	$69,351	$18,354,444	$31,798
2018	$116,539	$91,544	$15,296,930	$24,995