PARKS AREA FOUNDATION (EIN 311742335) - 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

1998

Legal Domicile

Principal Officer

JEFF GARTON

Phone

5152448600

Tax Period

2024-01-01 to 2024-12-31

PARKS AREA FOUNDATION, founded in 1998, is a micro nonprofit in the Community Improvement sector that reported $7K in total revenue in fiscal year 2024.

Mission

ECONOMIC DEVELOPMENT IN HIGHLAND PARK, OAK PARK, AND UNION PARK AREA AND PROMOTION OF HISTORIC REDEVELOPMENT AND EDUCATING PUBLIC TO BENEFITS OF COMMUNITY 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 (2024)

Revenue Breakdown

Contributions & Grants $15,000

Program Service Revenue $0

Investment Income $2,347

Other Revenue $-24,450

TOTAL REVENUE $-7,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,247

Other Expenses $21,836

TOTAL EXPENSES $21,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-7,103	$-60,413	-0.9%
Expenses	$21,836	$18,198	+0.2%
Net Income	$-28,939	$-78,611	-0.6%

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

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
JEFF GARTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ASHLEY VANDEHENDE	SECRETARY	1.00	Officer Director	$0	$0	$0
KIMBERLY BOGGUS-STROPE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOAN POWELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FELICIA HILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXIS ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
GUY PAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY SUE ALESCH	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON MORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN GARRISON	BOARD MEMBER	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	$-7,103	$21,836	$540,168	$-28,939
2023	$-60,413	$18,198	$566,507	$-78,611
2022	$146,173	$21,904	$645,118	$124,269
2021	$7,460	$81,118	$533,459	$-73,658
2020	$49,591	$58,724	$602,181	$-9,133
2019	$-43,210	$363,811	$605,316	$-407,021
2018	$159,220	$129,542	$1,398,395	$29,678

PARKS AREA FOUNDATION