FRIENDS OF GRAND RAPIDS PARKS (EIN 261406547) - 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

2008

Legal Domicile

Principal Officer

VICTOR HOLT

Phone

6162887209

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF GRAND RAPIDS PARKS, founded in 2008, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $357K, a strong 21% operating margin.

Mission

WE WORK WITH THE COMMUNITY AND CITY TO PLANT, GROW, AND MAINTAIN PARKS, TREES, AND TRAILS TO ENSURE THE HEALTHIEST CITY IN NORTH AMERICA! OUR MISSION DIRECTLY SUPPORTS THE VISION FOR THE CITY OF GRAND RAPIDS PARKS AND RECREATION IN CREATING AND SUPPORTING A HEALTHY, VIBRANT COMMUNITY. WHEN WE ARE SUCCESSFUL, THE COMMUNITY IS SUCCESSFUL!

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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 $1,401,796

Program Service Revenue $281,934

Investment Income $649

Other Revenue $-14,094

TOTAL REVENUE $1,670,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $527,417

Fundraising Expenses $244,279

Program Expenses $929,705

Other Expenses $785,790

TOTAL EXPENSES $1,313,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,670,285	$719,225	+1.3%
Expenses	$1,313,207	$804,281	+0.6%
Net Income	$357,078	$-85,056	-5.2%

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

1460

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

$99,985

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN CLARK	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON LIST	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN MCCRACKIN	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE TADLOCK	DIRECTOR	1.00	Director	$0	$0	$0
EVETTE PITTMAN	DIRECTOR	1.00	Director	$0	$0	$0
GAIL GUNST HEFFNER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN PARKER	DIRECTOR	1.00	Director	$0	$0	$0
MARY WILLIAMS	TREASURER	1.00	Officer Director	$0	$0	$0
DANIELLE POMA	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY COOK	DIRECTOR	1.00	Director	$0	$0	$0
OLIVERIO COVARRUBIAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
VICTOR HOLT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD APP	DIRECTOR	1.00	Director	$0	$0	$0
SARA ACKER	DIRECTOR	1.00	Director	$0	$0	$0
STACY BARE	EXECUTIVE DIRECTOR	45.00	Officer	$97,073	$2,912	$99,985

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	$1,670,285	$1,313,207	$1,041,737	$357,078
2023	$719,225	$804,281	$281,701	$-85,056
2022	$799,238	$727,220	$435,198	$72,018
2021	$780,095	$627,757	$252,264	$152,338
2021	$780,095	$627,757	$252,264	$152,338
2020	$430,514	$624,406	$154,829	$-193,892
2019	$421,133	$528,869	$282,303	$-107,736
2018	$367,788	$404,928	$226,391	$-37,140

FRIENDS OF GRAND RAPIDS PARKS