LOGANSPORT PARKS & RECREATION FOUNDATION INC

EIN: 262988415 501(c)(3) Recreation & Sports

LOGANSPORT, IN

Total Revenue
$743,737
Total Expenses
$991,170
Total Assets
$162,044
Net Assets
$162,044
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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
IN
Principal Officer
LYNNE NESS
Phone
5747536969
Tax Period
2024-01-01 to 2024-12-31

LOGANSPORT PARKS & RECREATION FOUNDATION INC, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $744K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $991K exceeded revenue, resulting in a 33% operating deficit.

Mission

OUR ORGANIZATION'S PURPOSE IS TO PROVIDE FUNDS FOR THE DEVELOPMENT OF PARK LANDS AND FACILITIES, PROVIDE SPECIFIC RECEREATION AND PARK PROGRAMS AND ACTIVITIES NOT OTHERWISE AVAILABLE FROM OTHER AGENCIES OR GOVERNMENTAL UNITS WITHIN THE TERRITORIAL LIMITS OF CASS COUNTY, INDIANA. WE WILL HOLD AND ADMINISTER REAL AND PERSONAL PROPERTY WHICH WILL ASSIST WITH ACCOMPLISHING THE PURPOSES LISTED ABOVE. WE WILL PROVIDE ASSISTANCE TO THE LOGANSPORT PARK BOARD IN PROMOTING AND DEVELOPING SOUND PRINCIPLES AND POLICIES FOR PARK FACILITIES AND RECREATIONAL ACTIVITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,184
Program Service Revenue $705,538
Investment Income $24,505
Other Revenue $8,510
TOTAL REVENUE $743,737

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $990,981
Other Expenses $991,170
TOTAL EXPENSES $991,170

Year-over-Year Comparison

2024 2023 Change
Revenue $743,737 $449,254 +0.7%
Expenses $991,170 $88,486 +10.2%
Net Income $-247,433 $360,768 -1.7%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
20

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNNE NESS PRESIDENT 1.00
Officer Director
$0 $0 $0
KYLE SMITH VICE PRESIDE 1.00
Officer Director
$0 $0 $0
PHILLIP STEPHENSON SEC / TREASU 1.00
Officer Director
$0 $0 $0
DAVE SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
KAILIN BAUMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JASON CRITTENDON BOARD MEMBER 1.00
Director
$0 $0 $0
JACOB MCCORD BOARD MEMBER 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 $743,737 $991,170 $162,044 $-247,433
2023 $449,254 $88,486 $409,477 $360,768
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