FREEPORT PARKS FOUNDATION (EIN 208120204) - 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

2006

Legal Domicile

Principal Officer

SUSANNE BORCHERT

Phone

8158012500

Tax Period

2017-10-01 to 2018-09-30

FREEPORT PARKS FOUNDATION, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $249K in total revenue in fiscal year 2017. Revenue surged 990% from the prior year, signaling strong growth momentum. The organization ran a surplus of $227K, a strong 91% operating margin.

Mission

THE FOUNDATION'S SPECIFIC AND PRIMARY PURPOSES IS TO AUGMENT THE FACILITIES OF, AND TO SUPPORT THE CARRYING OUT OF THE RECREATIONAL GOALS OF THE FREEPORT PARK DISTRICT.

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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 (2017)

Revenue Breakdown

Contributions & Grants $244,669

Program Service Revenue $0

Investment Income $1,529

Other Revenue $2,307

TOTAL REVENUE $248,505

Expense Breakdown

Grants Paid $20,818

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,818

Other Expenses $608

TOTAL EXPENSES $21,426

Year-over-Year Comparison

	2017	2016	Change
Revenue	$248,505	$22,799	+9.9%
Expenses	$21,426	$22,091	0.0%
Net Income	$227,079	$708	+319.7%

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

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
ADAM HOLDER	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE WITTE	DIRECTOR	1.00	Director	$0	$0	$0
SUSANNE BORCHERT	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JACK CAREY	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM JUNGEN	TREASURER	1.00	Officer Director	$0	$0	$0
MILLIE KEITH	DIRECTOR	1.00	Director	$0	$0	$0
CORAL LAMM	VICE CHAIR	1.00	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
2018	$248,505	$21,426	$422,271	$227,079

FREEPORT PARKS FOUNDATION