FRIENDS OF OUTDOOR CHATTANOOGA INC

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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

2007

Legal Domicile

Principal Officer

KAREN ZIV

Phone

4238348502

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF OUTDOOR CHATTANOOGA INC, founded in 2007, is a micro nonprofit in the Recreation & Sports sector that reported $54K in total revenue in fiscal year 2023. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15K, a strong 28% operating margin.

Mission

FRIENDS OF OUTDOOR CHATTANOOGA WORKS TO PERSERVE, PROTECT AND PROMOTE OUTDOOR RECREATION OPPORTUNITIES THROUGH EDUCATION, ACTIVITES AND EVENTS.

Program Service Accomplishments

Program 1

Expenses: $7,319

PROMOTED LOCAL PARKS AND FAMILIES GATHERING OUTSIDE THROUGH SUPPORTING THE CITY OF CHATTANOOGA'S NATIONAL PARK INITIATIVE.

Program 2

Expenses: $4,650

PROMOTED LOCAL PARKS AND NATURE BY SUPPORTING AN EARTH DAY CELEBRATION.

Program 3

Expenses: $5,200

PROMOTED LOCAL PARKS BY SUPPORTING A SKATEFEST EVENT AT THE CITY SKATE PARK.

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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 $38,639

Program Service Revenue $0

Investment Income $15,248

Other Revenue $423

TOTAL REVENUE $54,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,263

Other Expenses $39,329

TOTAL EXPENSES $39,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,310	$27,054	+1.0%
Expenses	$39,329	$23,062	+0.7%
Net Income	$14,981	$3,992	+2.8%

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

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
MELONY COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
ROB SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
MADISON ROLLINGS	DIRECTOR	1.00	Director	$0	$0	$0
LYNETTE CARLSON	PRESIDENT	2.00	Officer	$0	$0	$0
CHRIS WILSON	SECRETARY	2.00	Officer	$0	$0	$0
KAREN ZIV	TREASURER	2.00	Officer	$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
2023	$54,310	$39,329	$69,093	$14,981
2022	$27,054	$23,062	$54,112	$3,992
2021	$860	$8,161	$50,120	$-7,301
2020	$5,012	$5,445	$57,421	$-433
2019	$33,628	$21,281	$57,854	$12,347
2018	$20,866	$11,877	$45,507	$8,989