LAPORTE PARK FOUNDATION INC (EIN 311120719) - 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

1984

Legal Domicile

Principal Officer

JAMES MAGNUSON

Phone

2193628547

Tax Period

2025-01-01 to 2025-12-31

LAPORTE PARK FOUNDATION INC, founded in 1984, is a small nonprofit that reported $406K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $180K, a strong 44% operating margin.

Mission

VARIOUS CONSTRUCTION PROJECTS TO PROMOTE, IMPROVE AND MAINTAIN THE PARK SYSTEM AND TO EDUCATE THE CITIZENS OF LAPORTE, INDIANA AND PARK PATRONS REGARDING THE PARK SYSTEM.

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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 (2025)

Revenue Breakdown

Contributions & Grants $187,974

Program Service Revenue $0

Investment Income $193,113

Other Revenue $24,890

TOTAL REVENUE $405,977

Expense Breakdown

Grants Paid $28,169

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $202,108

Other Expenses $197,957

TOTAL EXPENSES $226,126

Year-over-Year Comparison

	2025	2024	Change
Revenue	$405,977	$498,864	-0.2%
Expenses	$226,126	$247,275	-0.1%
Net Income	$179,851	$251,589	-0.3%

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
STEVEN BERNTH	MEMBER	N/A	Director	$0	$0	$0
JON HOWES	MEMBER	N/A	Director	$0	$0	$0
BEN KONOWITZ	MEMBER	N/A	Director	$0	$0	$0
JOANN LIBERATORE	MEMBER	N/A	Director	$0	$0	$0
JAMES MAGNUSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
DRUMMOND OSBORN	SECRETARY	N/A	Officer Director	$0	$0	$0
DALE PARKISON	TREASURER	N/A	Officer Director	$0	$0	$0
MICHAEL TORRES	MEMBER	N/A	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
2025	$405,977	$226,126	$2,834,438	$179,851
2024	$498,864	$247,275	$2,487,873	$251,589
2023	$99,676	$98,295	$2,151,764	$1,381
2022	$180,383	$133,841	$1,951,881	$46,542
2021	$432,705	$217,185	$2,348,389	$215,520
2020	$471,652	$294,936	$2,132,869	$176,716
2019	$440,917	$253,560	$1,956,153	$187,357

LAPORTE PARK FOUNDATION INC