FRIENDS OF BANNING PARK

EIN: 237401609 501(c)(3) Arts, Culture & Humanities

WILMINGTON, CA

Total Revenue
$499,226
Total Expenses
$431,621
Total Assets
$3,408,644
Net Assets
$3,404,274
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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
1974
Legal Domicile
CA
Principal Officer
JULIA SHELDON BANNING
Phone
3105487777
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF BANNING PARK, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $499K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $432K left a modest 14% surplus.

Mission

PRESERVE HISTORY, PROMOTE EDUCATION, AND INSPIRE ENTREPRENEURIAL SPIRIT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $219,952
Program Service Revenue $0
Investment Income $278,010
Other Revenue $1,264
TOTAL REVENUE $499,226

Expense Breakdown

Grants Paid $0
Salaries & Benefits $208,161
Fundraising Expenses $25,587
Program Expenses $379,750
Other Expenses $223,460
TOTAL EXPENSES $431,621

Year-over-Year Comparison

2024 2023 Change
Revenue $499,226 $794,085 -0.4%
Expenses $431,621 $372,115 +0.2%
Net Income $67,605 $421,970 -0.8%
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

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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
25

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
6
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK BABBITT SECRETARY 5.00
Officer Director
$0 $0 $0
JULIA SHELDON BANNING PRESIDENT 5.00
Officer Director
$0 $0 $0
WINTHROP BANNING TREASURER 5.00
Officer Director
$0 $0 $0
OAKLEY BOREN BOARD MEMBER 2.00
Director
$0 $0 $0
AMY GRAT BOARD MEMBER 2.00
Director
$0 $0 $0
GERALDINE KNATZ VICE PRESIDE 5.00
Officer Director
$0 $0 $0
JOHN MEEK BOARD MEMBER 2.00
Director
$0 $0 $0
RUSSELL MOHBERG BOARD MEMBER 2.00
Director
$0 $0 $0
JASON OWENS BOARD MEMBER 2.00
Director
$0 $0 $0
SIMIE SEAMAN BOARD MEMBER 2.00
Director
$0 $0 $0
KATHY TILLOTSON VOLUNTEER PR 5.00
Officer Director
$0 $0 $0
PATRICK WILSON EXEC COMMITT 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
2025 $499,226 $431,621 $3,408,644 $67,605
2024 $794,085 $372,115 $3,296,124 $421,970
2023 $508,438 $344,134 $2,905,709 $164,304
2022 $455,781 $271,259 $2,649,135 $184,522
2021 $287,707 $253,054 $3,175,496 $34,653
2020 $428,924 $268,647 $2,621,214 $160,277
2019 $360,387 $299,889 $2,474,507 $60,498
2018 $419,286 $282,710 $2,382,474 $136,576
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