Essex County Parks Foundation (EIN 223315648) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

Anthony Abbaleo

Phone

9733224315

Tax Period

2024-01-01 to 2024-12-31

Essex County Parks Foundation, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $211K in total revenue in fiscal year 2024. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $271K exceeded revenue, resulting in a 29% operating deficit.

Mission

To raise fund to promote and enhance the Essex County Parks System

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $210,719

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $210,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $28,765

Program Expenses $240,965

Other Expenses $270,930

TOTAL EXPENSES $270,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,719	$1,324,024	-0.8%
Expenses	$270,930	$995,408	-0.7%
Net Income	$-60,211	$328,616	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Louis Lasalle	President	0.70	Officer Director	$0	$0	$0
Quilla Talmadge	Secretary	0.70	Officer Director	$0	$0	$0
Sung Yi	Trustee	0.70	Director	$0	$0	$0
Daniel Salvante	Trustee	0.70	Director	$0	$0	$0
Ralph Ciallella	Vice President	0.70	Officer Director	$0	$0	$0
Anthony Abbaleo	Treasurer	0.70	Officer Director	$0	$0	$0
ANTHONY PUGLISI	Trustee	0.70	Director	$0	$0	$0
Phil Alagia	Trustee	0.70	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
2024	$210,719	$270,930	$738,295	$-60,211
2023	$1,324,024	$995,408	$811,731	$328,616
2022	$249,876	$250,870	$470,640	$-994
2021	$296,444	$262,803	$473,661	$33,641
2020	$174,426	$173,910	$440,976	$516
2019	$1,400,553	$1,238,600	$440,460	$161,953
2018	$668,625	$781,029	$278,507	$-112,404

Essex County Parks Foundation