I-PARK FOUNDATION INC

EIN: 264463061 501(c)(3) Arts, Culture & Humanities

EAST HADDAM, CT

Total Revenue
$497,869
Total Expenses
$520,245
Total Assets
$830,239
Net Assets
$615,933
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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
2009
Legal Domicile
CT
Principal Officer
RALPH CRISPINO JR
Phone
8608732468
Tax Period
2023-01-01 to 2023-12-31

I-PARK FOUNDATION INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $498K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

To nurture artists of exceptional talent, celebrate the creative process and inspire the greater culture. We fulfill these aspirations through our artists-in-residence program and the stewardship and aesthetic engagement of our enticing natural environment.

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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 (2023)

Revenue Breakdown

Contributions & Grants $473,758
Program Service Revenue $13,364
Investment Income $11,863
Other Revenue $-1,116
TOTAL REVENUE $497,869

Expense Breakdown

Grants Paid $17,000
Salaries & Benefits $282,129
Fundraising Expenses $35,037
Program Expenses $412,712
Other Expenses $221,116
TOTAL EXPENSES $520,245

Year-over-Year Comparison

2023 2022 Change
Revenue $497,869 $416,966 +0.2%
Expenses $520,245 $353,195 +0.5%
Net Income $-22,376 $63,771 -1.4%
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
5
Independent Members
3
Employees
6
Volunteers
40

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
$87,808
Total Directors
5
$87,808
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANNE PARADIS Treasurer 50.00
Officer Director
$87,808 $0 $87,808
RALPH CRISPINO JR President 60.00
Officer Director
$0 $0 $0
GUIDO GARAYCOCHEA Secretary 1.00
Officer Director
$0 $0 $0
MICHAEL GELLER Director 4.00
Director
$0 $0 $0
LYNN WILKINSON Director 4.00
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 No data No data No data No data
2023 $497,869 $520,245 $830,239 $-22,376
2022 $416,966 $353,195 $767,803 $63,771
2021 $555,605 $396,867 $778,826 $158,738
2020 $238,161 $253,049 $634,406 $-14,888
2019 $630,590 $318,265 $498,514 $312,325
2018 $395,589 $347,992 $222,634 $47,597
2017 $377,154 $371,433 $204,525 $5,721
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