RECOVERYPARK

EIN: 273051022 501(c)(3)

DETROIT, MI

Total Revenue
$230,211
Total Expenses
$305,200
Total Assets
$1,315,929
Net Assets
$-3,550,065
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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
MI
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

Program Service Accomplishments

Program 1
Expenses: $37,003 Revenue: $0

RECOVERYPARK HAS BEEN FORMED TO PLAN AND IMPLEMENT COMMUNITY REDEVELOPMENT PROJECTS WITH AN EMPHASIS ON JOB CREATION AND RE-PURPOSING VACANT OR BLIGHTED LAND, INITIALLY IN THE CITY OF DETROIT FOR...

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RECOVERYPARK HAS BEEN FORMED TO PLAN AND IMPLEMENT COMMUNITY REDEVELOPMENT PROJECTS WITH AN EMPHASIS ON JOB CREATION AND RE-PURPOSING VACANT OR BLIGHTED LAND, INITIALLY IN THE CITY OF DETROIT FOR URBAN FARMING AND AGRICULTURE.

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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%)

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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

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Governance

Voting Members
4
Independent Members
4
Employees
8
Volunteers
25

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
1
$23,545
Total Directors
4
$23,545
Key Employees
0
$0
Highest Compensated
0
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
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