BERESFORD PARKS RECREATION COMMUNI… - 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

2008

Legal Domicile

Principal Officer

TROY JAMES

Phone

6057635012

Tax Period

2024-01-01 to 2024-12-31

BERESFORD PARKS RECREATION COMMUNITY EDUCATION INC, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $263K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $299K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROMOTE EDUCATIONAL AND RECREATIONAL OPPORTUNITIES FOR PERSONS OF ALL AGES AND TO PROVIDE HEADSTART AND DAYCARE SERVICES FOR CHILDREN

Program Service Accomplishments

Program 1

BERESFORD PARKS, RECREATON AND COMMUNITY EDUCATION CONTINUES TO PROVIDE RECREATIONAL AND EDUCATIONAL OPPORTUNITIES THROUGHOUT THE COMMUNITY AND ASSISTS THE COMMUNITY PROVIDING PRE-SCHOOL EDUCAITIONAL...

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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 $91,068

Program Service Revenue $170,490

Investment Income $1,164

Other Revenue $0

TOTAL REVENUE $262,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,806

Fundraising Expenses $0

Other Expenses $139,722

TOTAL EXPENSES $298,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,722	$283,623	-0.1%
Expenses	$298,528	$293,259	+0.0%
Net Income	$-35,806	$-9,636	+2.7%

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

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
TERESA SVEEGEN	DIRECTOR	N/A	Officer Director	$0	$0	$0
TROY JAMES	DIRECTOR	N/A	Officer Director	$0	$0	$0
SARAH ANTONSON	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW STORO	DIRECTOR	N/A	Director	$0	$0	$0
LARRY ROHER	DIRECTOR	N/A	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	$262,722	$298,528	$49,680	$-35,806
2023	$283,623	$293,259	$93,677	$-9,636
2022	$251,872	$273,518	$111,561	$-21,646
2021	$301,597	$342,130	$140,566	$-40,533
2020	$201,133	$204,927	$135,393	$-3,794
2019	$240,957	$220,063	$119,883	$20,894
2018	$150,510	$145,987	$98,988	$4,523

BERESFORD PARKS RECREATION COMMUNITY EDUCATION INC