TASTE OF PARK RIDGE NFP (EIN 264243224) - 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

2005

Legal Domicile

Principal Officer

DAVID IGLOW

Phone

7088221028

Tax Period

2024-01-01 to 2024-12-31

TASTE OF PARK RIDGE NFP, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $267K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $245K left a modest 8% surplus.

Mission

OUR MISSION IS TO PROMOTE BUSINESS AND PROFESSIONAL INTEREST IN THE PARK RIDGE COMMUNITY.

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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 $0

Program Service Revenue $264,908

Investment Income $1,663

Other Revenue $0

TOTAL REVENUE $266,571

Expense Breakdown

Grants Paid $3,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $230,210

Other Expenses $241,460

TOTAL EXPENSES $245,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,571	$300,835	-0.1%
Expenses	$245,310	$219,346	+0.1%
Net Income	$21,261	$81,489	-0.7%

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

N/A

Employees

N/A

Volunteers

200

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
DAVID IGLOW	PRESIDENT	9.13	Officer Director	$0	$0	$0
MARK LUNDBURG	TREASURER	9.13	Officer Director	$0	$0	$0
DEAN J PATRAS	SECRETARY	9.13	Officer Director	$0	$0	$0
FRED SANCHEZ	DIRECTOR	9.13	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	$266,571	$245,310	$210,077	$21,261
2023	$300,835	$219,346	$185,966	$81,489
2022	$214,410	$197,902	$99,777	$16,508

TASTE OF PARK RIDGE NFP