KENNETT AREA PARK AND RECREATION B… - Form 990 Financial Data

🔒

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

1965

Legal Domicile

Principal Officer

KEVIN GARRIS

Phone

6104443222

Tax Period

2023-01-01 to 2023-12-31

KENNETT AREA PARK AND RECREATION BOARD, founded in 1965, is a small nonprofit in the Recreation & Sports sector that reported $169K in total revenue in fiscal year 2023. Expenses of $226K exceeded revenue, resulting in a 34% operating deficit.

Mission

PROMOTE, ENCOURAGE AND SUPERVISE RECREATIONAL ACTIVITIES IN THE BOROUGH OF KENNETT SQUARE, AND THE ADJOINING AREAS OF KENNETT, EAST MARLBOROUGH, AND NEW GARDEN TOWNSHIPS.

Program Service Accomplishments

Program 1

Expenses: $203,381 Revenue: $103,513

VARIOUS RECREATION PROGRAMS AND CAMPS FOR LOCAL YOUTH

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $23,569

Program Service Revenue $130,021

Investment Income $5,165

Other Revenue $9,936

TOTAL REVENUE $168,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,638

Fundraising Expenses $0

Program Expenses $203,381

Other Expenses $151,046

TOTAL EXPENSES $225,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,691	$160,382	+0.1%
Expenses	$225,684	$197,120	+0.1%
Net Income	$-56,993	$-36,738	+0.6%

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

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
KEVIN GARRIS	CHAIRMAN	5.00	Officer Director	$0	$0	$0
MICHAEL GOUDY	VICE CHAIRMA	5.00	Officer Director	$0	$0	$0
PAM RAMAGANO	TREASURER	5.00	Officer Director	$0	$0	$0
DAVE MYERS	DIRECTOR	5.00	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	$168,691	$225,684	$397,558	$-56,993
2022	$160,382	$197,120	$457,807	$-36,738
2021	$160,192	$187,065	$492,455	$-26,873
2020	$43,370	$134,968	$518,028	$-91,598
2019	$386,336	$342,430	$609,836	$43,906
2018	$235,085	$287,182	$584,380	$-52,097

KENNETT AREA PARK AND RECREATION BOARD