FRIENDS OF WESTPORT PARKS AND RECREATION INC (EIN 274127337) - 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

Jeffrey Mayer Chairman

Phone

2032935101

Tax Period

2022-01-01 to 2022-12-31

FRIENDS OF WESTPORT PARKS AND RECREATION INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $211K in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65K, a strong 31% operating margin.

Mission

The Friends serve as a financial sponsor, helping to marshall funds from individual contributors and private foundations for projects and services that benefit our Town. The Friends of Westport Parks & Recreation is a charitable organization that seeks to support and enhance local community and activities related to Wakeman Town Farm, Longshore Golf, and other prospective public venues.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $210,252

Investment Income $739

Other Revenue $0

TOTAL REVENUE $210,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,734

Fundraising Expenses $31,285

Program Expenses $144,468

Other Expenses $127,521

TOTAL EXPENSES $146,255

Year-over-Year Comparison

	2022	2021	Change
Revenue	$210,991	$167,979	+0.3%
Expenses	$146,255	$44,979	+2.3%
Net Income	$64,736	$123,000	-0.5%

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
G Kenneth Bernhard	Director	1.00	Officer	$0	$0	$0
Jeffrey Mayer	Chairman	1.00	Officer	$0	$0	$0
Seth D Almansi	Treasurer	5.00	Officer	$0	$0	$0
Scott Smith	Director	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
2022	$210,991	$146,255	$428,074	$64,736

FRIENDS OF WESTPORT PARKS AND RECREATION INC