PHILADELPHIA PARKS ALLIANCE INC

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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

1985

Legal Domicile

Principal Officer

JAMES BURNETT

Phone

2158798159

Tax Period

2022-06-01 to 2023-05-31

PHILADELPHIA PARKS ALLIANCE INC, founded in 1985, is a small nonprofit in the Environment sector that reported $609K in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $943K exceeded revenue, resulting in a 55% operating deficit.

Mission

THE PHILADELPHIA PARKS ALLIANCE'S MISSION IS TO CHAMPION THE PUBLIC'S INTEREST IN OUTSTANDING PARKS, RECREATION, AND OPEN SPACES.

Program Service Accomplishments

Program 1

Expenses: $794,657 Revenue: $51,109

THE PHILADELPHIA PARKS ALLIANCE ADVOCATES ON BEHALF OF PHILADELPHIA PARKS, PLAYGROUNDS, AND RECREATION CENTERS; AND PROVIDES PROGRAMMATIC AND FISCAL SUPPORT TO THE CITY'S RECREATION CENTERS: 1) PARKS AND RECREATION ADVOCACY - THE ALLIANCE BUILDS AND ORGANIZES COALITIONS OF SUPPORT FOR IMPROVED PUBLIC SPACES, RECREATION FACILITIES AND PROGRAMS THROUGHOUT THE COMMONWEALTH. 2) RECREATION CENTER PROGRAMMING - IN PARTNERSHIP WITH PHILADELPHIA PARKS AND RECREATION, THE ALLIANCE ASSISTS IN THE DEVELOPMENT OF RECREATION ADVISORY COUNCILS, THE GOVERNING BODIES FOR RECREATION CENTERS, AND ORGANIZATION OF RECREATIONAL EVENTS. THE ALLIANCE ALSO SERVES AS A CONDUIT FOR GRANTS FOR SPECIFIC RECREATION CENTERS AND GENERAL RECREATION PROGRAMMING. 3) DIRECT PROGRAMMING - THE ALLIANCE LEADS PARK TOURS AND ORGANIZES TRAINING FOR RECREATION ADVISORY COUNCIL MEMBERS. 4) STEWARDSHIP AND CLEANUPS - THE ALLIANCE PERIODICALLY ACTS AS A FISCAL AGENT FOR RECREATION ADVISORY COUNCILS. THE ALLIANCE MANAGES CLEAN UPS AT NEIGHBORHOOD PLAYGROUNDS AND RECREATION CENTERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $557,671

Program Service Revenue $51,109

Investment Income $563

Other Revenue $0

TOTAL REVENUE $609,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,922

Fundraising Expenses $39,253

Program Expenses $794,657

Other Expenses $813,576

TOTAL EXPENSES $943,498

Year-over-Year Comparison

	2022	2021	Change
Revenue	$609,343	$837,395	-0.3%
Expenses	$943,498	$524,912	+0.8%
Net Income	$-334,155	$312,483	-2.1%

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

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

$93,479

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BURNETT	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT P THOMAS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MAURA MCCARTHY	TREASURER	2.00	Officer Director	$0	$0	$0
KARA FRANKLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE TAYLOR	BOARD MEMBER	2.00	Director	$0	$0	$0
ALEX DOTY	EXECUTIVE DI	40.00	Officer	$87,479	$6,000	$93,479

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
2023	$609,343	$943,498	$196,736	$-334,155
2022	$837,395	$524,912	$536,934	$312,483
2021	$391,375	$519,835	$282,862	$-128,460
2021	$391,375	$529,870	$272,827	$-138,495
2020	$174,973	$366,525	$421,639	$-191,552
2019	$244,674	$408,398	$578,155	$-163,724
2018	$906,482	$280,020	$715,895	$626,462