PEOPLE FOR PALMER PARK (EIN 274528966) - 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

2011

Principal Officer

STACY VARNER

Tax Period

2023-01-01 to 2023-12-31

PEOPLE FOR PALMER PARK, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $352K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 32% operating margin.

Mission

TO FURTHER THE PRESERVATION, REVITALIZATION, AND VIABILITY OF PALMER PARK A DETROIT PARK FOR THE GOOD OF ALL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $290,459

Program Service Revenue $59,885

Investment Income $1,414

Other Revenue $0

TOTAL REVENUE $351,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,649

Other Expenses $238,525

TOTAL EXPENSES $238,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,758	$224,428	+0.6%
Expenses	$238,525	$179,565	+0.3%
Net Income	$113,233	$44,863	+1.5%

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

Employees

N/A

Volunteers

1000

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
ERIC ADAMS	DIRECTOR	N/A	Director	$0	$0	$0
BARBARA BAREFIELD	DIRECTOR	N/A	Director	$0	$0	$0
ROBYN CHILDERS	DIRECTOR	N/A	Director	$0	$0	$0
JOE DARLING	DIRECTOR	N/A	Director	$0	$0	$0
SYLVIA GREEN	DIRECTOR	N/A	Director	$0	$0	$0
GREGORY GUICE	DIRECTOR	N/A	Director	$0	$0	$0
ABE GUREWITZ	DIRECTOR	N/A	Director	$0	$0	$0
RHONDA HENDREN	DIRECTOR	N/A	Director	$0	$0	$0
AMY KURAS	DIRECTOR	N/A	Director	$0	$0	$0
ROCHELLE LENTO	DIRECTOR	N/A	Director	$0	$0	$0
ROY RAINES	DIRECTOR	N/A	Director	$0	$0	$0
HEIDI REIJM	DIRECTOR	N/A	Director	$0	$0	$0
NANCY VARNER	DIRECTOR	N/A	Director	$0	$0	$0
ROSALINDA HASKINS	VICE PRESIDE	N/A	Officer	$0	$0	$0
PATTI LITTLE	TREASURER	N/A	Officer	$0	$0	$0
CHRIS MCTAGGART	SECRETARY	N/A	Officer	$0	$0	$0
STACY VARNER	PRESIDENT	N/A	Officer	$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
2023	$351,758	$238,525	$331,424	$113,233
2022	$224,428	$179,565	$218,191	$44,863

PEOPLE FOR PALMER PARK