FRIENDS OF THE BANDSHELL PARK INC (EIN 274902018) - 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

Legal Domicile

Principal Officer

SUSAN ANDERSON

Phone

2188343431

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE BANDSHELL PARK INC, founded in 2011, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $6K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $11K exceeded revenue, resulting in a 90% operating deficit.

Mission

TO EXPLORE OPTIONS FOR FUTURE USE OF THE PAUL GAUCHE MEMORIAL BAND SHELL AND THE THOMAS OWENS CITY PARK IN DOWNTOWN TWO HARBORS WITH THE HOPE OF REVITALIZING THE AREA.

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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 $174

Program Service Revenue $0

Investment Income $0

Other Revenue $5,537

TOTAL REVENUE $5,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,298

Other Expenses $10,832

TOTAL EXPENSES $10,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,711	$12,217	-0.5%
Expenses	$10,832	$2,379	+3.6%
Net Income	$-5,121	$9,838	-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

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
SUSAN ANDERSON	TREASURER	N/A	Officer Director	$0	$0	$0
JOHN BATHKE	PRESIDENT	N/A	Officer Director	$0	$0	$0
RACHEL GISCHIA	BOARD MEMBER	N/A	Director	$0	$0	$0
JIM GLASER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
RENEE MOE	BOARD MEMBER	N/A	Director	$0	$0	$0
LARRY SAUR	RECORDING SE	N/A	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	No data	No data	No data	No data
2023	$5,711	$10,832	$614,450	$-5,121
2022	$12,217	$2,379	$619,571	$9,838
2021	$28,763	$61,872	$609,978	$-33,109
2020	$108,035	$62,196	$643,087	$45,839
2019	$65,233	$48,697	$590,279	$16,536
2018	$75,571	$29,663	$573,743	$45,908

FRIENDS OF THE BANDSHELL PARK INC