Friends of the Island Parks Inc

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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

2002

Legal Domicile

Principal Officer

Mary Cheever

Phone

7277382903

Tax Period

2023-01-01 to 2023-12-31

Friends of the Island Parks Inc, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $154K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 24% operating margin.

Mission

Friends of the Island Parks, Inc., as provided in its bylaws, is to act as a Florida Citizen Support Organization in order to generate additional resources and support for and in the best interest of Honeymoon Island and Caladesi Island state parks, through fundraising, educational, and outreach programs. In 2022 Friends membership was about 650.

Program Service Accomplishments

Program 1

Expenses: $44,017

The Friends of the Island Parks Inc continued to support the Florida Park Service mission to provide resource based recreation while preserving, interrpreting and restoring natural and cultural...

The Friends of the Island Parks Inc continued to support the Florida Park Service mission to provide resource based recreation while preserving, interrpreting and restoring natural and cultural resources by developing and promoting educational tours, ecological displays and learning activities at the Honeymoon Island Rotary Centennial Nature Center RCNC on Honeymoon Island for all visitors to enjoy. The RCNC is open 365 days a year and in 2023 served 30,560 visitors. The Friends contributed a cash grant of 43177 to fund a Ranger position at the RCNC and 840 for RCNC WiFi access.

Program 2

Expenses: $29,063

The Friends of the Island Parks Friends continued to assist the parks in their mission by fund-raising for the Park. The Friends purchased office supplies for the Nature Center and park...

The Friends of the Island Parks Friends continued to assist the parks in their mission by fund-raising for the Park. The Friends purchased office supplies for the Nature Center and park administration office for 2,076, trail maps for 1,073, a used truck for 17,996, maintenance material for 1,786, patching various roads for 4,690, and craft, science and eaching supplies for 1,442. And, hosted a volunteer appreciation evening.

Program 3

Expenses: $25,028

The Friends of the Island Parks Inc paid 18,000 for displays and two telescopes for 7,028 for the Caladesi Discovery Center.

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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 $46,665

Program Service Revenue $0

Investment Income $495

Other Revenue $106,373

TOTAL REVENUE $153,533

Expense Breakdown

Grants Paid $72,240

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,108

Other Expenses $45,024

TOTAL EXPENSES $117,264

Year-over-Year Comparison

	2023	2022	Change
Revenue	$153,533	$122,002	+0.3%
Expenses	$117,264	$128,017	-0.1%
Net Income	$36,269	$-6,015	-7.0%

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

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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
Robert Fortner	President	002.00	Officer Director	$0	$0	$0
Sally Hess	Secretary	002.00	Officer Director	$0	$0	$0
Joseph Nixon	Treasurer	006.00	Officer Director	$0	$0	$0
Jean Barnes	Director	001.00	Director	$0	$0	$0
Brian Crockatt	Director	001.00	Director	$0	$0	$0
Ray Dabkowski	Director	010.00	Director	$0	$0	$0
Barbara Ross	Director	001.00	Director	$0	$0	$0
George Skalkeas	Director	001.00	Director	$0	$0	$0
Burton Aldrich	Director	001.00	Director	$0	$0	$0
Mary Cheever	Director	001.00	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	$153,533	$117,264	$148,530	$36,269
2022	$122,002	$128,017	$109,981	$-6,015
2021	$93,184	$115,944	$116,635	$-22,760
2020	$171,495	$938,609	$327,564	$-767,114
2019	$119,047	$83,013	$1,599,167	$36,034
2018	$138,797	$63,039	$634,505	$75,758