THE FAIRFIELD PARKS AND RECREATION FOUNDATION (EIN 270109774) - 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

TOM GAMRATH

Phone

6414726159

Tax Period

2023-07-01 to 2024-06-30

THE FAIRFIELD PARKS AND RECREATION FOUNDATION, founded in 2004, is a micro nonprofit in the Recreation & Sports sector that reported $26K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $68K exceeded revenue, resulting in a 163% operating deficit.

Mission

TO FOSTER AWARENESS, APPRECIATION, AND PROMOTION OF RECREATION AND RECREATIONAL OPPORTUNITIES AND ACTIVITIES IN AND AROUND JEFFERSON COUNTY, IOWA.

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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 $6,925

Program Service Revenue $13,647

Investment Income $3,785

Other Revenue $1,613

TOTAL REVENUE $25,970

Expense Breakdown

Grants Paid $53,756

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,461

Other Expenses $14,471

TOTAL EXPENSES $68,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,970	$353,817	-0.9%
Expenses	$68,227	$94,276	-0.3%
Net Income	$-42,257	$259,541	-1.2%

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

270

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
TOM GAMRATH	PRESIDENT	1.00	Officer Director	$0	$0	$0
KARL METCALF	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RON HAINES	TREASURER	1.00	Officer Director	$0	$0	$0
CRAIG FOSS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MORRISSEY	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY DUNBAR	DIRECTOR	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
2024	$25,970	$68,227	$705,220	$-42,257
2023	$353,817	$94,276	$739,403	$259,541
2022	$401,970	$95,125	$456,862	$306,845

THE FAIRFIELD PARKS AND RECREATION FOUNDATION