Friends of Salt Springs Park Inc (EIN 232794115) - 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

1994

Legal Domicile

Principal Officer

Marty Kane

Phone

5709677275

Tax Period

2023-01-01 to 2023-12-31

Friends of Salt Springs Park Inc, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $133K in total revenue in fiscal year 2023. Expenses of $153K exceeded revenue, resulting in a 15% operating deficit.

Mission

To provide opportunities for enjoying healthy outdoor recreation and to serve as an outdoor classroom for environmental education while conserving the natural, scenic, aesthetic and historical values of the Salt Springs Park.

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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 (2023)

Revenue Breakdown

Contributions & Grants $53,504

Program Service Revenue $39,236

Investment Income $38,801

Other Revenue $1,632

TOTAL REVENUE $133,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,215

Fundraising Expenses $4,976

Program Expenses $104,092

Other Expenses $67,464

TOTAL EXPENSES $152,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$133,173	$134,423	0.0%
Expenses	$152,679	$138,652	+0.1%
Net Income	$-19,506	$-4,229	+3.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTY KANE	PRESIDENT	6.00	Officer Director	$0	$0	$0
MATT LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
JIM HAYES	DIRECTOR	2.00	Director	$0	$0	$0
PENNY NAGY	TREASURER	5.00	Officer Director	$0	$0	$0
DEBBRA NAGLE	SECRETARY	5.00	Officer Director	$0	$0	$0
KIM LEARY	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT SPICER	DIRECTOR	2.00	Director	$0	$0	$0
MIKE MERRITT	DIRECTOR	2.00	Director	$0	$0	$0
TANYA KORUTZ	DIRECTOR	2.00	Director	$0	$0	$0
KARL WIMMER	DIRECTOR	2.00	Director	$0	$0	$0
TAMI NOONAN	VICE PRESIDENT	5.00	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
2024	No data	No data	No data	No data
2023	$133,173	$152,679	$1,403,339	$-19,506
2022	$134,423	$138,652	$1,350,628	$-4,229
2021	$158,124	$105,638	$1,539,163	$52,486
2020	$104,668	$111,622	$1,446,465	$-6,954
2019	$134,364	$114,980	$1,382,643	$19,384
2018	$144,176	$114,406	$1,284,717	$29,770

Friends of Salt Springs Park Inc