WESTERVILLE PARKS FOUNDATION (EIN 311719247) - 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

2000

Legal Domicile

Principal Officer

JULIE COLLEY

Phone

6149016504

Tax Period

2023-01-01 to 2023-12-31

WESTERVILLE PARKS FOUNDATION, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $111K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $81K, a strong 73% operating margin.

Mission

CREATE FUNDING AND RAISE COMMUNITY AWARENESS FOR THE CITY OF WESTERVILLE PARKS.

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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 $100,714

Program Service Revenue $0

Investment Income $10,089

Other Revenue $0

TOTAL REVENUE $110,803

Expense Breakdown

Grants Paid $5,149

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,104

Other Expenses $25,104

TOTAL EXPENSES $30,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,803	$142,214	-0.2%
Expenses	$30,253	$30,339	0.0%
Net Income	$80,550	$111,875	-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

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
ANDREA COCHREN	DIRECTOR	1.00	Director	$0	$0	$0
KATHY COCUZZI	DIRECTOR	1.00	Director	$0	$0	$0
JULIE COLLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
DIANE CONLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT EBBRECHT	PRIOR TREASURER	1.00	Director	$0	$0	$0
MARK HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
LARRY JENKINS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM KNOX	FORMER DIRECTOR	1.00	Director	$0	$0	$0
LISA KNOX	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES MCCANN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS POWELL	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
2024	No data	No data	No data	No data
2023	$110,803	$30,253	$573,963	$80,550
2022	$142,214	$30,339	$481,088	$111,875
2021	$268,144	$362,358	$397,820	$-94,214
2020	$43,926	$35,312	$493,495	$8,614
2019	$488,965	$476,580	$475,811	$12,385
2018	$239,379	$300,255	$452,164	$-60,876

WESTERVILLE PARKS FOUNDATION