FRIENDS OF BETTENDORF PARKS FOUNDA… - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

JULIE MARTIN

Phone

3092357363

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF BETTENDORF PARKS FOUNDATION, founded in 2010, is a micro nonprofit in the Recreation & Sports sector that reported $94K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $144K exceeded revenue, resulting in a 54% operating deficit.

Mission

ORGANIZE, SPONSOR, AND MAINTAIN A PROGRAM FOR IMPROVING THE PUBLIC PARKS AND RECREATION IN THE CITY OF BETTENDORF

Program Service Accomplishments

Program 1

Expenses: $22,062

SCHOLARSHIP AWARDS FOR SOMMUNITY MEMBERS TO PARTICIPATE

Program 2

Expenses: $114,737

SPONSORED CITY OF BETTENDORF PARK BOARD EVENTS AND PARK EQUIPMENT PURCHASES

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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 $92,751

Program Service Revenue $0

Investment Income $794

Other Revenue $0

TOTAL REVENUE $93,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,799

Other Expenses $143,813

TOTAL EXPENSES $143,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,545	$57,093	+0.6%
Expenses	$143,813	$63,856	+1.3%
Net Income	$-50,268	$-6,763	+6.4%

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
BECKY ALBERTSON	MEMBER	1.00	Director	$0	$0	$0
GRANT ANDERSON	MEMBER	1.00	Director	$0	$0	$0
BETTY CERNY	MEMBER	1.00	Director	$0	$0	$0
TIM CONRAD	TREASURER	2.00	Officer Director	$0	$0	$0
TAYLER FICK	SECRETARY	2.00	Director	$0	$0	$0
CONOR FLAHERTY	MEMBER	1.00	Director	$0	$0	$0
PATRICK FLAHERTY	MEMBER	1.00	Director	$0	$0	$0
DAN FLYNN	MEMBER	1.00	Director	$0	$0	$0
DENNY GLANCY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
STEVE GRIMES	MEMBER	1.00	Director	$0	$0	$0
JULIE MARTIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
KRISTYN TJADEN	MEMBER	1.00	Director	$0	$0	$0
ASA WAGNER	MEMBER	1.00	Director	$0	$0	$0
LAURA WITTNABEL	MEMBER	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
2025	$93,545	$143,813	$280,469	$-50,268
2024	$57,093	$63,856	$312,061	$-6,763
2023	$92,762	$75,230	$269,668	$17,532
2022	$51,349	$57,188	$255,779	$-5,839
2021	$27,904	$39,461	$261,618	$-11,557

FRIENDS OF BETTENDORF PARKS FOUNDATION