OMAHA PARKS FOUNDATION

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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

GRETCHEN MCGILL

Phone

4027780075

Tax Period

2024-01-01 to 2024-12-31

OMAHA PARKS FOUNDATION, founded in 2010, is a community nonprofit in the Environment sector that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 165% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 33% operating margin.

Mission

THE MISSION OF THE OMAHA PARKS FOUNDATION IS TO IMPROVE, PROMOTE, PRESERVE, PROTECT, AND SUPPORT OMAHA'S PARKS AND RECREATION SYSTEM. WE ENGAGE IN INITIATIVES THAT MAKE OUR PARKS SYSTEM MORE ACCESSIBLE, INCLUSIVE, AND BENEFICIAL TO ALL OMAHANS.

Program Service Accomplishments

Program 1

Expenses: $4,236,768 Revenue: $6,441,776

THE FOUNDATION FUNDS A VARIETY OF PROJECTS IN THREE MAJOR AREAS:COMMUNITY-BASED PROGRAMSPARK INFRASTRUCTURE, REVITALIZATION, & DEVELOPMENTNEIGHBORHOOD & SPECIAL INTEREST PARKS

Program 2

THE PLAYGROUND INITIATIVE WILL CONNECT PUBLIC AND PRIVATE FUNDING AS A MEANS TO ACHIEVING TIMELY AND CONTINUAL RENOVATIONS TO EXISTING CITY OF OMAHA PARK PLAYGROUNDS.

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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 $6,441,776

Program Service Revenue $0

Investment Income $163,121

Other Revenue $20,055

TOTAL REVENUE $6,624,952

Expense Breakdown

Grants Paid $2,338,109

Salaries & Benefits $123,351

Fundraising Expenses $0

Program Expenses $4,236,768

Other Expenses $1,954,542

TOTAL EXPENSES $4,416,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,624,952	$2,500,228	+1.6%
Expenses	$4,416,002	$1,911,398	+1.3%
Net Income	$2,208,950	$588,830	+2.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL MCHENRY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEPHEN BROWNRIGG	BOARD MEMBER	2.00	Director	$0	$0	$0
LORI HOWARD	BOARD MEMBER	2.00	Director	$0	$0	$0
ECHOHAWK LEFTHAND	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENTON THOMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
GRETCHEN MCGILL	PRESIDENT	10.00	Officer Director	$0	$0	$0
KEVIN CORY	BOARD MEMBER	2.00	Director	$0	$0	$0
TYLER GLOE	SECRETARY	2.00	Officer Director	$0	$0	$0
TONY ZOUCHA	TREASURER	2.00	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	$6,624,952	$4,416,002	$4,673,250	$2,208,950
2023	$2,500,228	$1,911,398	$2,463,851	$588,830
2022	$2,041,163	$4,433,714	$1,875,990	$-2,392,551
2021	$3,230,312	$2,298,139	$4,269,270	$932,173
2020	$2,556,953	$1,904,833	$3,338,877	$652,120
2019	$5,373,772	$3,447,211	$2,684,248	$1,926,561
2018	$1,396,819	$799,549	$757,687	$597,270