GREENSBORO PARKS 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

2006

Legal Domicile

Principal Officer

PAULA BARGER

Phone

3362737601

Tax Period

2023-07-01 to 2024-06-30

GREENSBORO PARKS FOUNDATION, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $211K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $186K left a modest 11% surplus.

Mission

TO PROVIDE SUPPORT FOR THE PROGRAMS, SERVICES AND FACILITIES OF CITY OF GREENSBORO PARKS AND RECREATION DEPARTMENT

Program Service Accomplishments

Program 1

Expenses: $166,185 Revenue: $4,937

TO PROVIDE SUPPORT FOR THE PROGRAMS, SERVICES AND FACILITIES OF CITY OF GREENSBORO PARKS AND RECREATION DEPARTMENT

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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 $177,811

Program Service Revenue $4,937

Investment Income $6,178

Other Revenue $21,612

TOTAL REVENUE $210,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,410

Program Expenses $166,185

Other Expenses $186,413

TOTAL EXPENSES $186,413

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,538	$158,213	+0.3%
Expenses	$186,413	$272,921	-0.3%
Net Income	$24,125	$-114,708	-1.2%

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
TRISTAN BAILEY	AT LARGE	1.00	Director	$0	$0	$0
CARL BROWER	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
CHRIS CORNUE	AT LARGE	1.00	Director	$0	$0	$0
KATHI DUBEL	SECRETARY	2.00	Officer Director	$0	$0	$0
PHIL FLEISCHMANN	EX OFFICIO	2.00	Director	$0	$0	$0
MARY MAGRINAT	AT LARGE	2.00	Director	$0	$0	$0
ROBERT NUDELMAN	EX-OFFICIO	1.00	Officer Director	$0	$0	$0
CINDY RAMSAY	AT LARGE	1.00	Director	$0	$0	$0
JOHNNY SIGERS	AT LARGE	1.00	Director	$0	$0	$0
JUSTIN WASHINGTON	CHAIR	1.00	Officer Director	$0	$0	$0
MARTIN WEISSBURG	AT LARGE	1.00	Director	$0	$0	$0
MIKE PHILLIPS	TREASURER	2.00	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
2025	No data	No data	No data	No data
2024	$210,538	$186,413	$469,237	$24,125
2022	$449,489	$495,327	$558,694	$-45,838
2021	$420,663	$29,401	$604,532	$391,262