SYMPHONY PARK MASTER ASSOCIATION

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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

2008

Legal Domicile

Principal Officer

MIKE JANSSEN

Phone

7022292254

Tax Period

2024-01-01 to 2024-12-31

SYMPHONY PARK MASTER ASSOCIATION, founded in 2008, is a micro nonprofit in the Environment sector that reported $69K in total revenue in fiscal year 2024. Expenses of $177K exceeded revenue, resulting in a 158% operating deficit.

Mission

SYMPHONY PARK MASTER ASSOCIATION CONSTRUCTED A PARK ON 2 PARCELS OF LAND DEEDED TO THEM BY CITY PARKWAY V, INC AN AFFILIATE OF THE CITY OF LAS VEGAS. THE PARK PRESERVES AND BEAUTIFIES THE AREAS AROUND THE SURROUNDING COMMERCIAL DEVELOPMENTS. SPMA IS RESPOSIBLE FOR MAINTAINING AND OPERATING THE PARK.

Program Service Accomplishments

Program 1

Expenses: $176,909

THE ASSOCIATION COMPLETED CONSTRUCTION ON THE PARK AND OPENED TO THE PUBLIC IN APRIL OF 2012. THE ASSOCIATION RECEIVED QUARTERLY ASSESSMENTS FROM 5 COMMERCIAL TENANTS DURING THE YEAR. THE PARK'S...

THE ASSOCIATION COMPLETED CONSTRUCTION ON THE PARK AND OPENED TO THE PUBLIC IN APRIL OF 2012. THE ASSOCIATION RECEIVED QUARTERLY ASSESSMENTS FROM 5 COMMERCIAL TENANTS DURING THE YEAR. THE PARK'S MAJOR ANNUAL EXPENSES ARE FOR DEPRECIATION, INSURANCE, LANDSCAPE MAINTENANCE AND UTILITIES. THE ASSOCIATION HAD OPERATING EXPENSES AS REPORTED ABOVE AND INCREASED RESERVES BY SCHEDULED AMOUNTS FOR FUTURE REPAIRS, MAINTENANCE, AND REPLACEMENTS IN THE PARK.

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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 $68,432

Program Service Revenue $0

Investment Income $216

Other Revenue $0

TOTAL REVENUE $68,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $176,909

Other Expenses $176,909

TOTAL EXPENSES $176,909

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,648	$70,858	0.0%
Expenses	$176,909	$184,192	0.0%
Net Income	$-108,261	$-113,334	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

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
MIKE JANSSEN	PRESIDENT, D	2.00	Officer	$0	$0	$0
STEVE FORD	VICE PRESIDE	2.00	Officer	$0	$0	$0
SUSAN HELTSLEY	TREASURER/SE	2.00	Officer	$0	$0	$0
ALEX WOODIN	DIRECTOR AT	2.00	Officer	$0	$0	$0
DINA BABSKY	VICE PRESIDE	2.00	Officer	$0	$0	$0
JOE BLEWITT	MEMBER	1.00	Director	$0	$0	$0
ERICK VIDMAR	MEMBER	1.00	Director	$0	$0	$0
PATRICK BRENNAN	MEMBER	1.00	Director	$0	$0	$0
MYRON MARTIN	MEMBER	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
2025	No data	No data	No data	No data
2024	$68,648	$176,909	$477,968	$-108,261
2023	$70,858	$184,192	$594,228	$-113,334
2022	$38,035	$168,163	$699,562	$-130,128
2021	$47,178	$163,327	$821,690	$-116,149
2020	$42,720	$135,392	$945,837	$-92,672
2019	$73,159	$144,042	$1,041,511	$-70,883
2018	$32,209	$151,030	$1,101,394	$-118,821