PIEDMONT RECREATIONAL FACILITIES ORGANIZATION (EIN 263671348) - 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

2004

Legal Domicile

Principal Officer

STEVE COLLINS

Phone

5107729572

Tax Period

2023-01-01 to 2023-12-31

PIEDMONT RECREATIONAL FACILITIES ORGANIZATION, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $532K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 132% operating deficit.

Mission

ENCOURAGES AND ACTIVELY SUPPORTS THE DEVELOPMENT AND/OR IMPROVEMENT OF PUBLIC RECREATIONAL FACILITIES THAT SERVE RESIDENTS OF PIEDMONT WITHOUT REGARD TO AGE, RACE, CREED, GENDER, SEXUAL ORIENTATION, OR ABILITY. PRFO STRIVES TO FULFILL ITS MISSION BY WORKING COLLABORATIVELY WITH THE CITY OF PIEDMONT TO IDENTIFY, ADVOCATE FOR, AND BRING PRIVATE FINANCIAL SUPPORT TO ASSIST IN THE FUNDING OF PROJECTS THAT INVEST IN HEALTHY SPACES WITHIN THE CITY.

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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 $516,109

Program Service Revenue $0

Investment Income $15,415

Other Revenue $0

TOTAL REVENUE $531,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,215,000

Other Expenses $1,233,086

TOTAL EXPENSES $1,233,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$531,524	$606,165	-0.1%
Expenses	$1,233,086	$13,703	+89.0%
Net Income	$-701,562	$592,462	-2.2%

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

N/A

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
STEVE COLLINS	PRESIDENT	4.00	Director	$0	$0	$0
MARK MENKE	MEMBERS AT LARGE	1.00	Director	$0	$0	$0
STEVE ELLIS	FUNDRAISING CHAIR	4.00	Director	$0	$0	$0
ERIC HAVIAN	GENERAL COUNSEL	2.00	Director	$0	$0	$0
RICH CORCORAN	TREASURER	4.00	Director	$0	$0	$0
JILL YOUKSTETTER	SECRETARY	2.00	Director	$0	$0	$0
MONICA PINIELLA	IT	1.00	Director	$0	$0	$0
GLYN BURGE	WEBSITE DEVELOPMENT	1.00	Director	$0	$0	$0
CHRIS HART	MEMBERS AT LARGE	1.00	Director	$0	$0	$0
MICHAEL MURPHY	MEMBERS AT LARGE	1.00	Director	$0	$0	$0
JODI BEASLEY	MEMBERS AT LARGE	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
2023	$531,524	$1,233,086	$38,742	$-701,562
2022	$606,165	$13,703	$740,304	$592,462
2021	$58	$120,130	$147,842	$-120,072
2020	$8,938	$5,013	$267,914	$3,925
2019	$412,986	$166,155	$263,989	$246,831
2018	$3,500	$4,224	$17,158	$-724

PIEDMONT RECREATIONAL FACILITIES ORGANIZATION