RECOVERYPARK (EIN 273051022) - 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

2010

Legal Domicile

Principal Officer

GARY WOZNIAK

Phone

3132779900

Tax Period

2020-10-01 to 2021-09-30

RECOVERYPARK, founded in 2010, is a small nonprofit that reported $230K in total revenue in fiscal year 2020. Revenue surged 285% from the prior year, signaling strong growth momentum. Expenses of $305K exceeded revenue, resulting in a 33% operating deficit.

Mission

RECOVERYPARK IS A PLANNED DEVELOPMENT IN THE CITY OF DETROIT THAT WILL INCLUDE URBAN FARMING, EDUCATION, AND COMMUNITY REDEVELOPMENT PROJECTS WITH AN EMPHASIS ON JOB CREATION

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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 (2020)

Revenue Breakdown

Contributions & Grants $21,422

Program Service Revenue $0

Investment Income $-12,127

Other Revenue $220,916

TOTAL REVENUE $230,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,003

Other Expenses $305,200

TOTAL EXPENSES $305,200

Year-over-Year Comparison

	2020	2019	Change
Revenue	$230,211	$59,732	+2.9%
Expenses	$305,200	$741,747	-0.6%
Net Income	$-74,989	$-682,015	-0.9%

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

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

$23,545

Total Directors

$23,545

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY WOZNIAK	PRESIDENT/BOARD MEMBER	40.00	Officer Director	$23,545	$0	$23,545
PATRICK CROSSON	CHAIR OF THE BOARD	2.00	Director	$0	$0	$0
MICHAEL MCINERNEY	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE EBBEN	BOARD MEMBER	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
2021	$230,211	$305,200	$1,315,929	$-74,989
2020	$59,732	$741,747	$740,173	$-682,015
2019	$952,001	$1,404,525	$1,689,236	$-452,524
2018	$530,559	$1,545,574	$1,570,141	$-1,015,015

RECOVERYPARK