FRIENDS OF PROSPECT PARK

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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

1968

Legal Domicile

Principal Officer

ANDREW HARTZELL

Phone

9093352990

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF PROSPECT PARK, founded in 1968, is a small nonprofit that reported $280K in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $225K, a strong 80% operating margin.

Mission

TO PROVIDE FOR THE PERPETUATION, BEAUTIFICATION, DEVELOPMENT, AND IMPROVEMENT OF PROSPECT PARK, A PUBLIC PARK OF THE CITY OF REDLANDS, CALIFORNIA AND TO ENCOURAGE AN APPRECIATION AND KNOWLEDGE OF THE HISTORICAL, CULTURAL, AND EDUCATIONAL VALUES OF PROSPECT PARK, AND THE USE AND ENJOYMENT OF PROSPECT PARK.

Program Service Accomplishments

Program 1

Expenses: $26,000

CONTRACT FOR MAINTENANCE OF THE 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 (2024)

Revenue Breakdown

Contributions & Grants $12,159

Program Service Revenue $0

Investment Income $267,675

Other Revenue $0

TOTAL REVENUE $279,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,000

Other Expenses $54,568

TOTAL EXPENSES $54,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$279,834	$144,597	+0.9%
Expenses	$54,568	$406,494	-0.9%
Net Income	$225,266	$-261,897	-1.9%

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

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
TINA PRICE	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH CROWLEY	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW HARTZELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY MILLER	DIRECTOR	0.50	Director	$0	$0	$0
KERRY KENNISON	DIRECTOR	0.50	Director	$0	$0	$0
KIMBERLY COLLINS	DIRECTOR	0.50	Director	$0	$0	$0
PEGGY BRIER	DIRECTOR	0.50	Director	$0	$0	$0
RYAN JOHNSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHANNON GALUSKA	SECRETARY	1.00	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	$279,834	$54,568	$2,098,858	$225,266
2023	$144,597	$406,494	$1,919,647	$-261,897
2022	$-109,054	$14,406	$2,088,971	$-123,460
2021	$474,239	$55,295	$2,416,076	$418,944
2020	$177,902	$19,954	$2,145,006	$157,948
2019	$205,963	$59,911	$1,752,945	$146,052
2018	$174,153	$16,148	$1,472,942	$158,005