PARKS FOREVER INC (EIN 263346242) - 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

Tax Period

2024-01-01 to 2024-12-31

PARKS FOREVER INC, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $534K in total revenue in fiscal year 2024. Revenue surged 394% from the prior year, signaling strong growth momentum. The organization ran a surplus of $375K, a strong 70% operating margin.

Mission

TO SOLICIT AND DONATE FUNDS TOWARDS PROJECTS TO HELP MAINTAIN AND IMPROVE PUBLIC PARKS IN THE CITY OF AVON, MINNESOTA AND POSSIBLY IN OTHER NEARBY AREAS

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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 $533,700

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $533,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,314

Other Expenses $158,689

TOTAL EXPENSES $158,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$533,700	$108,079	+3.9%
Expenses	$158,689	$17,850	+7.9%
Net Income	$375,011	$90,229	+3.2%

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

N/A

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
MICHAEL NETT	DIRECTOR	0.00	Director	$0	$0	$0
DAVID KALTHOFF	DIRECTOR	1.00	Director	$0	$0	$0
JAMES POTTER	DIRECTOR	1.00	Director	$0	$0	$0
DAN ZIMMERMAN	DIRECTOR TREASURER	3.00	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
2025	No data	No data	No data	No data
2024	$533,700	$158,689	$474,513	$375,011
2023	$108,079	$17,850	$99,502	$90,229
2022	$11,000	$419,280	$9,273	$-408,280
2021	$435,500	$35,812	$417,553	$399,688

PARKS FOREVER INC