WENDY PARK 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

2005

Legal Domicile

Principal Officer

NANCY C KEENE

Phone

2167718444

Tax Period

2023-01-01 to 2023-12-31

Mission

WENDY PARK FOUNDATION WAS FORMED FOR THE PURPOSE OF CONDUCTING AND SUPPORTING CHARITABLE ENDEAVORS TO ASSIST IN THE DEVELOPMENT, MAINTENANCE, AND OPERATIONS OF WENDY PARK, A PARK IN THE CITY OF CLEVELAND, OH.

Program Service Accomplishments

Program 1

WENDY PARK FOUNDATION OPERATES EQUIPMENT THAT WAS DONATED TO THE FOUNDATION FOR CUYAHOGA COUNTY. THE OPERATING OF THE EQUIPMENT FOR CUYAHOGA COUNTY IS TO ENSURE VISITORS OF WHISKEY ISLAND AND WENDY PARK ARE ABLE TO ENTER AND DEPART FROM THE MARINA SAFELY. FURTHERMORE, WENDY PARK FOUNDATION PROVIDES GROUND MAINTENANCE TO WENDY PARK TO KEEP IT CLEAN AND SAFE FOR ITS VISITORS.

Program 2

THE FOUNDATION IS SUPPORTING THE CLEVELAND METROPARKS BY CONSTRUCTING THE WENDY PARK BRIDGE WHICH CONNECTS THE CLEVELAND FOUNDATION CENTENNIAL TRAIL LAKE LINK TO WENDY PARK ON WHISKEY ISLAND AND LAKE...

Program 3

WENDY PARK IS OPERATING TO DEVELOP A PLAN TO RESTORE THE NATURAL ENVIRONMENT AT WENDY PARK TO NATIONAL PARK STANDARDS OF EXCELLENCE, FACILITATE THE RESTORATION OF THE HISTORIC COAST GUARD STATION...

WENDY PARK IS OPERATING TO DEVELOP A PLAN TO RESTORE THE NATURAL ENVIRONMENT AT WENDY PARK TO NATIONAL PARK STANDARDS OF EXCELLENCE, FACILITATE THE RESTORATION OF THE HISTORIC COAST GUARD STATION, INTEGRATE WHISKEY ISLAND MARINA INTO WENDY PARK AND TO PROVIDE PUBLIC ACCESS TO LAKE ERIE THROUGH CONNECTING WENDY PARK TO THE TOWPATH TRAIL. FURTHER, TO CREATE PROGRAMS AND ACTIVITIES THAT EDUCATE THE PUBLIC ON GREAT LAKES ECOLOGY, ECO-SYSTEM SUSTAINABILITY, MARITIME HERITAGE, AND MARITIME SAFETY AND YOUTH TRAINING.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,353

Other Expenses $10,353

TOTAL EXPENSES $10,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$5,000	-1.0%
Expenses	$10,353	$11,350	-0.1%
Net Income	N/A	$-6,350	N/A

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
HALLEY MOORE	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT C TUCKER	DIRECTOR	2.00	Director	$0	$0	$0
OLIVER C HENKEL	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER MOORE	DIRECTOR	2.00	Director	$0	$0	$0
JD SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
NANCY KEENE	CHAIRMAN	2.00	Officer 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	No data	$10,353	$201,276	No data
2022	$5,000	$11,350	$212,629	$-6,350
2021	$500,000	$923,292	$219,354	$-423,292
2020	No data	$1,853,243	$641,271	No data
2019	$23,146	$287,432	$2,744,514	$-264,286
2018	$8,533	$39,741	$2,758,800	$-31,208