THE FOREST PARK TRUST INC (EIN 311558645) - 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

1997

Legal Domicile

Principal Officer

MICHAEL PALERMO

Phone

7182354100

Tax Period

2024-07-01 to 2025-06-30

THE FOREST PARK TRUST INC, founded in 1997, is a small nonprofit in the Environment sector that reported $225K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $286K exceeded revenue, resulting in a 27% operating deficit.

Mission

COMMUNITY OUTREACH/PUBLIC PROGRAMS - TO PROMOTE EDUCATION AND INFORMATION ON FOREST PARK AND CULTURAL ACTIVITIES

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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 $209,537

Program Service Revenue $15,684

Investment Income $5

Other Revenue $0

TOTAL REVENUE $225,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,364

Fundraising Expenses $929

Program Expenses $260,154

Other Expenses $231,031

TOTAL EXPENSES $286,395

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,226	$254,972	-0.1%
Expenses	$286,395	$297,532	0.0%
Net Income	$-61,169	$-42,560	+0.4%

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
MICHAEL PALERMO	President	3.00	Officer Director	$0	$0	$0
DR REV DAVID BENKE	COMPLIANCE	3.00	Officer Director	$0	$0	$0
RODOLFO GARCIA	Trustee	3.00	Director	$0	$0	$0
CHRIS DOWNES	Trustee	3.00	Director	$0	$0	$0
WALTER SANCHEZ	Treasurer	3.00	Officer Director	$0	$0	$0
MICHAEL GOGITIDZE	Trustee	3.00	Director	$0	$0	$0
CRYSTAL RIVERA	Trustee	3.00	Director	$0	$0	$0
SALVATORE CRIFASI	Trustee	3.00	Director	$0	$0	$0
JEFFREY LEBOWITZ	Trustee	3.00	Director	$0	$0	$0
NASH ROE	Secretary	3.00	Officer Director	$0	$0	$0
MELISSA TRASKY	Trustee	3.00	Director	$0	$0	$0
JOSEPHINE SCALIA	Trustee	3.00	Director	$0	$0	$0
RAFAEL ESPINAL JR	Trustee	3.00	Director	$0	$0	$0
DIANA GAITAN	Trustee	3.00	Director	$0	$0	$0
MARITZA CARMONA	Trustee	3.00	Director	$0	$0	$0
EMILY LOUISE WALKER	Trustee	3.00	Director	$0	$0	$0
PORTIA DYRENFORTH	DIRECTOR	40.00		$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	$225,226	$286,395	$314,973	$-61,169
2024	$254,972	$297,532	$379,450	$-42,560
2023	$340,402	$290,442	$419,793	$49,960
2022	$297,428	$322,331	$367,399	$-24,903
2021	$195,977	$222,914	$389,129	$-26,937
2020	$204,377	$170,455	$415,901	$33,922

THE FOREST PARK TRUST INC