FRIENDS OF THE MONMOUTH COUNTY PARK SYSTEM INC (EIN 223163875) - 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

1991

Legal Domicile

Principal Officer

SHANNON MARTIAK

Phone

7328424000

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE MONMOUTH COUNTY PARK SYSTEM INC, founded in 1991, is a small nonprofit in the Environment sector that reported $885K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $437K, a strong 49% operating margin.

Mission

THE FRIENDS OF THE MONMOUTH COUNTY PARK SYSTEM, INC. IS A NON-PROFIT, VOLUNTARY MEMBERSHIP ORGANIZATION FORMED UNDER THE PERTINENT STATUES OF THE STATE OF NEW JERSEY. THE PRIMARY PURPOSE OF THIS CORPORATION IS TO ASSIST THE MONMOUTH COUNTY BOARD OF RECREATION COMMISSIONERS, THE MONMOUTH COUNTY BOARD OF CHOSEN FREEHOLDERS, THE CITIZENS OF MONMOUTH COUNTY AND OTHER INTERESTED GROUPS IN MEETING THE OBJECTIVES AND PURPOSES OF THE MONMOUTH COUNTY PARK SYSTEM. THIS INCLUDES RECREATIONAL, OPEN SPACE, HISTORICAL PRESERVATION, CONSERVATION, CULTURAL, HORTICULTURAL, AND EDUCATIONAL FACILITIES AND PROGRAMMING, SPECIFICALLY - TO INCREASE THE PARK SYSTEM'S VALUE THROUGH DONATION OF SERVICES, PROPERTY, FINANCIAL ASSISTANCE, EDUCATIONAL ASSISTANCE, SCHOLARSHIPS AND COORDINATION OF VOLUNTEER ACTIVITIES; - TO ENHANCE EXISTING RESOURCES THROUGH FUNDING AND MANAGEMENT FOR BEAUTIFICATION, RESTORATION AND LIMITED CAPITAL IMPROVEMENT PROJECTS; - TO OPERATE, MANAGE AND MAINTAIN FACILITIES AND PROGRAMS; - TO

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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 $782,988

Program Service Revenue $39,125

Investment Income $55,896

Other Revenue $7,414

TOTAL REVENUE $885,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,042

Program Expenses $428,674

Other Expenses $447,983

TOTAL EXPENSES $447,983

Year-over-Year Comparison

	2024	2023	Change
Revenue	$885,423	$959,609	-0.1%
Expenses	$447,983	$115,880	+2.9%
Net Income	$437,440	$843,729	-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

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
CHRISTOPHER BRETT	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER COLELLA	DIRECTOR	1.00	Director	$0	$0	$0
GAIL CULLEN	DIRECTOR	1.00	Director	$0	$0	$0
TINA EARLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH AZZOLINA JR	DIRECTOR	1.00	Director	$0	$0	$0
HON JOHN D'AMICO JR	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MARKEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MOSLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARIANN MUSELLA	DIRECTOR	1.00	Director	$0	$0	$0
DR PAUL PEDUTO	DIRECTOR	1.00	Director	$0	$0	$0
FRANK PICONE	DIRECTOR	1.00	Director	$0	$0	$0
ANNE RYAN	DIRECTOR	1.00	Director	$0	$0	$0
ISHAN SHAH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW SPEARS	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN STARON	DIRECTOR	1.00	Director	$0	$0	$0
AUDREY FALZO	SECRETARY	2.00	Officer	$0	$0	$0
SHANNON MARTIAK	PRESIDENT	2.00	Officer	$0	$0	$0
ALEXANDER MULHEREN	TREASURER	2.00	Officer	$0	$0	$0
THOMAS SANNELLI	SECOND TREAS	1.00	Officer	$0	$0	$0
CHAD SCHORR	VICE PRESIDE	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
2024	$885,423	$447,983	$2,306,568	$437,440
2023	$959,609	$115,880	$1,772,441	$843,729
2022	$268,013	$266,612	$860,711	$1,401
2021	$712,039	$193,205	$1,033,350	$518,834
2020	$92,108	$60,536	$500,873	$31,572
2019	$290,749	$194,003	$463,503	$96,746
2018	$109,585	$114,104	$366,884	$-4,519

FRIENDS OF THE MONMOUTH COUNTY PARK SYSTEM INC