CANAL PARK INC (EIN 270919952) - 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

W CHRISTOPHER SMITH JR

Phone

2023711220

Tax Period

2024-10-01 to 2025-09-30

CANAL PARK INC, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $432K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 302% operating deficit.

Mission

PROMOTE MGMT. OF GREEN-SPACE/ PUBLIC PARK FOR COMMUNITY, CIVIC, & PUBLIC USE IN SOUTHEAST DC.

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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 $431,691

Investment Income $0

Other Revenue $0

TOTAL REVENUE $431,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,684,357

Other Expenses $1,736,785

TOTAL EXPENSES $1,736,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$431,691	$522,862	-0.2%
Expenses	$1,736,785	$1,791,031	0.0%
Net Income	$-1,305,094	$-1,268,169	+0.0%

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

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

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
W CHRISTOPHER SMITH JR	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
BRADLEY FENNELL	SECRETARY	0.50	Officer Director	$0	$0	$0
TERRY BEAUFORD	TREASURER	0.50	Officer Director	$0	$0	$0
MICHAEL STEVENS	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS VANARSDALE	BOARD MEMBER	0.50	Director	$0	$0	$0
JANET WESTON	BOARD MEMBER	0.50	Director	$0	$0	$0
EMEKA MONEME	BOARD MEMBER	0.50	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
2025	$431,691	$1,736,785	$8,058,764	$-1,305,094
2024	$522,862	$1,791,031	$9,359,586	$-1,268,169
2023	$446,647	$1,756,858	$10,624,398	$-1,310,211
2022	$532,498	$1,871,347	$11,877,818	$-1,338,849
2021	$152,392	$1,432,799	$13,259,170	$-1,280,407
2020	$421,639	$1,768,388	$14,551,599	$-1,346,749
2019	$457,864	$1,812,526	$15,903,954	$-1,354,662
2018	$15,314,610	$1,995,835	$17,213,321	$13,318,775

CANAL PARK INC