FRIENDS OF PASSAIC COUNTY PARKS (EIN 270919059) - 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

2009

Legal Domicile

Principal Officer

ALICE SZEPIETOWSKI

Phone

9738814405

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF PASSAIC COUNTY PARKS, founded in 2009, is a community nonprofit in the Environment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 131% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE SUPPORT TO PARKS LOCATED IN THE COUNTY OF PASSAIC, STATE OF NEW JERSEY.

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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 $1,414,195

Program Service Revenue $0

Investment Income $13,324

Other Revenue $0

TOTAL REVENUE $1,427,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,556,924

Other Expenses $1,579,124

TOTAL EXPENSES $1,579,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,427,519	$617,919	+1.3%
Expenses	$1,579,124	$1,434,024	+0.1%
Net Income	$-151,605	$-816,105	-0.8%

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

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
JOHN BARTLETT	FREEHOLDER DIRECTOR DESIGNEE	2.00	Director	$0	$0	$0
KELLY RUFFEL	SECRETARY	2.00	Director	$0	$0	$0
TIM ROETMAN	TRUSTEE	2.00	Director	$0	$0	$0
ALICE SZEPIETOWSKI	CHAIRWOMAN	2.00	Director	$0	$0	$0
GEORGE SILVA	VICE CHAIRMAN	2.00	Director	$0	$0	$0
KELLY PASCRELL	TRUSTEE	5.00	Director	$0	$0	$0
GREG MOORE	TRUSTEE	2.00	Director	$0	$0	$0
LINDA NARDONE	TRUSTEE	2.00	Director	$0	$0	$0
MELANIE HOLMES	TRUSTEE	2.00	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	$1,427,519	$1,579,124	$682,907	$-151,605
2023	$617,919	$1,434,024	$834,512	$-816,105
2022	$1,865,216	$947,990	$1,650,617	$917,226
2021	$1,668,713	$1,305,398	$733,391	$363,315
2020	$1,130,873	$922,685	$370,076	$208,188
2019	$357,869	$654,605	$161,888	$-296,736
2018	$1,133,120	$842,166	$458,624	$290,954

FRIENDS OF PASSAIC COUNTY PARKS