COLFAX PARKS AND RECREATION AUXILIARY BOARD INC (EIN 311723552) - 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

2001

Legal Domicile

Principal Officer

DOUG GARRETT

Phone

5152508857

Tax Period

2024-01-01 to 2024-12-31

COLFAX PARKS AND RECREATION AUXILIARY BOARD INC, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $409K in total revenue in fiscal year 2024. Revenue surged 1156% from the prior year, signaling strong growth momentum. The organization ran a surplus of $310K, a strong 76% operating margin.

Mission

TO DEVELOP, OPERATE, AND MAINTAIN A PARK AND RECREATIONAL SYSTEM WHICH ENRICHES THE QUALITY OF LIFE FOR RESIDENTS AND VISITORS ALIKE, WHILE BEING STEWARDS OF THE LAND WHICH PRESERVES THE LEGACY OF COLFAX FOR FUTURE GENERATIONS.

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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 $379,060

Program Service Revenue $0

Investment Income $551

Other Revenue $29,587

TOTAL REVENUE $409,198

Expense Breakdown

Grants Paid $59,142

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,124

Other Expenses $40,447

TOTAL EXPENSES $99,589

Year-over-Year Comparison

	2024	2023	Change
Revenue	$409,198	$32,579	+11.6%
Expenses	$99,589	$39,222	+1.5%
Net Income	$309,609	$-6,643	-47.6%

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

100

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
DON EDWARDS	MEMBER	0.50	Director	$0	$0	$0
STEVE PARVI	MEMBER	0.50	Director	$0	$0	$0
GREG RHAMES	MEMBER	0.50	Director	$0	$0	$0
KEVIN HARTGERS	Member	0.50	Director	$0	$0	$0
DOUG GARRETT	President	8.00	Officer	$0	$0	$0
KIM SEEBECK	Vice President	8.00	Officer	$0	$0	$0
NANCY EARLES	Treasurer	5.00	Officer	$0	$0	$0
MARY DELL FLATTERY	Secretary	1.00	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
2024	$409,198	$99,589	$351,941	$309,609
2023	$32,579	$39,222	$42,332	$-6,643
2022	$48,273	$69,401	$48,975	$-21,128
2021	$44,789	$63,990	$70,103	$-19,201
2020	$38,521	$28,503	$89,304	$10,018
2019	$16,693	$21,347	$79,286	$-4,654
2018	$31,066	$36,963	$83,940	$-5,897

COLFAX PARKS AND RECREATION AUXILIARY BOARD INC