LOS ANGELES PARKS FOUNDATION (EIN 262358338) - 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

Tony Budrovich

Phone

3104721990

Tax Period

2023-01-01 to 2023-12-31

LOS ANGELES PARKS FOUNDATION, founded in 2008, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 36% operating deficit.

Mission

TO ENHANCE, EXPAND, PRESERVE AND PROMOTE PUBLIC RECREATION, PARKS AND OPEN SPACE FOR THE DIVERSE PEOPLE OF LOS ANGELES.

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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 $1,586,811

Program Service Revenue $0

Investment Income $140,506

Other Revenue $-24,182

TOTAL REVENUE $1,703,135

Expense Breakdown

Grants Paid $570,097

Salaries & Benefits $627,484

Fundraising Expenses $296,845

Program Expenses $1,570,999

Other Expenses $1,126,262

TOTAL EXPENSES $2,323,843

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,703,135	$3,209,734	-0.5%
Expenses	$2,323,843	$3,448,361	-0.3%
Net Income	$-620,708	$-238,627	+1.6%

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

206

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

$231,360

Total Directors

$231,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY G BUDROVICH	EXECUTIVE DIRECTOR, SECRETARY	40.0	Officer Director	$130,000	$1,800	$131,800
JUSTIN YOSHIMARU	Deputy Director	40.0	Highest	$118,733	$5,603	$124,336
CAROLYN RAMSAY	EXECUTIVE DIRECTOR, SECRETARY	35.0	Officer Director	$94,871	$4,689	$99,560
DAVID GALAVIZ	DIRECTOR	1.0	Director	$0	$0	$0
DAVID MCGOWAN	DIRECTOR, TREASURER	1.0	Officer Director	$0	$0	$0
BARRY A SANDERS	DIRECTOR	1.0	Director	$0	$0	$0
DENISE BOOTH	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL SHULL	DIRECTOR	1.0	Director	$0	$0	$0
JENNIFER RIVERA	DIRECTOR	1.0	Director	$0	$0	$0
THOMAS SAFRAN	DIRECTOR	1.0	Director	$0	$0	$0
CARMEL SELLA	DIRECTOR	1.0	Director	$0	$0	$0
CANDY SPELLING	DIRECTOR	1.0	Director	$0	$0	$0
DAVID NICKOLL	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
DEBORA VRANA	DIRECTOR	1.0	Director	$0	$0	$0
MIA LEHRER	DIRECTOR	1.0	Director	$0	$0	$0
ANDREW SAUL	Director	1.0	Director	$0	$0	$0
JOE HALPER	DIRECTOR	1.0	Director	$0	$0	$0
JILL WERNER	DIRECTOR	1.0	Director	$0	$0	$0
KEVIN PARKER	DIRECTOR	1.0	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	$1,703,135	$2,323,843	$4,935,209	$-620,708
2022	$3,209,734	$3,448,361	$5,614,340	$-238,627
2021	$2,779,556	$3,224,132	$6,042,813	$-444,576
2020	$2,310,560	$3,223,287	$6,262,599	$-912,727
2019	$2,780,571	$6,324,952	$7,291,672	$-3,544,381
2018	$12,363,665	$5,338,889	$10,638,748	$7,024,776

LOS ANGELES PARKS FOUNDATION