FRIENDS OF BANNING 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

1974

Legal Domicile

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 ENTREPRENUREURIAL SPIRIT.

Program Service Accomplishments

Program 1

Expenses: $379,750

RESTORATION, CONSERVATION, PROMOTION AND SUPPORT OF THE GENERAL PHINEAS BANNING MUSEUM AND THE HISTORICAL ASPECTS OF BANNING PARK, IN WHICH THE MUSEUM IS LOCATED.

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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 $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

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
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