Friends of the Mt Sterling Park District (EIN 273100358) - 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

Chris Kassing

Phone

2176533338

Tax Period

2024-01-01 to 2024-12-31

Friends of the Mt Sterling Park District, founded in 2010, is a small nonprofit in the Recreation & Sports sector that reported $515K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $694K exceeded revenue, resulting in a 35% operating deficit.

Mission

Preservation and Improvement of the Mt. Sterling, IL Park District

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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 $512,115

Program Service Revenue $0

Investment Income $2,776

Other Revenue $0

TOTAL REVENUE $514,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,304

Program Expenses $688,410

Other Expenses $694,487

TOTAL EXPENSES $694,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$514,891	$818,486	-0.4%
Expenses	$694,487	$42,748	+15.2%
Net Income	$-179,596	$775,738	-1.2%

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

N/A

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
Chris Kassing	Vice President	0.25	Officer Director	$0	$0	$0
Nichole Miller	President	0.25	Officer Director	$0	$0	$0
Ron Kassing	Secretary	0.25	Officer Director	$0	$0	$0
Adam Evans	Treasurer	0.25	Officer 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	$514,891	$694,487	$658,960	$-179,596
2023	$818,486	$42,748	$787,438	$775,738

Friends of the Mt Sterling Park District