MEADVILLE AREA RECREATION FOUNDATION (EIN 251463554) - 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

1982

Legal Domicile

Principal Officer

RYAN DEARMENT

Phone

8147246006

Tax Period

2023-01-01 to 2023-12-31

MEADVILLE AREA RECREATION FOUNDATION, founded in 1982, is a micro nonprofit that reported $53K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $87K exceeded revenue, resulting in a 64% operating deficit.

Mission

THIS IS A NON-PROFIT ORGANIZATION WITH A VOLUNTARY BOARD OF DIRECTORS DEDICATED TO ADVANCING THE MISSION AND VISION OF THE MEADVILLE AREA RECREATION COMPLEX, AND TO RAISE FUNDS IN ORDER TO ASSIST WITH FUNDING REPAIRS AND CAPITAL IMPROVEMENTS.

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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 $40,769

Program Service Revenue $0

Investment Income $2,754

Other Revenue $9,235

TOTAL REVENUE $52,758

Expense Breakdown

Grants Paid $33,305

Salaries & Benefits $0

Fundraising Expenses $250

Program Expenses $76,138

Other Expenses $53,218

TOTAL EXPENSES $86,523

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,758	$86,302	-0.4%
Expenses	$86,523	$119,201	-0.3%
Net Income	$-33,765	$-32,899	+0.0%

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

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
RYAN DEARMENT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KENNY JONSTON	SECRETARY	1.00	Officer Director	$0	$0	$0
DICK ASTOR	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAY VERNO	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN TRUCCO	TREASURER	1.00	Officer Director	$0	$0	$0
RICK YORK	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY KANTZ	DIRECTOR	1.00	Director	$0	$0	$0
JIM SHEILDS	DIRECTOR	1.00	Director	$0	$0	$0
ALTAY BASKAN	DIRECTOR	1.00	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	$52,758	$86,523	$144,307	$-33,765
2022	$86,302	$119,201	$178,072	$-32,899
2021	$126,181	$135,786	$210,972	$-9,605
2020	$24,373	$158,752	$220,577	$-134,379
2019	$333,416	$61,043	$354,956	$272,373
2018	$190,958	$205,948	$82,583	$-14,990

MEADVILLE AREA RECREATION FOUNDATION