CHESTNUT RIDGE CONSERVANCY INC

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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

2010

Legal Domicile

Principal Officer

Gordon Panek

Phone

7168673140

Tax Period

2021-01-01 to 2021-12-31

CHESTNUT RIDGE CONSERVANCY INC, founded in 2010, is a small nonprofit in the Recreation & Sports sector that reported $367K in total revenue in fiscal year 2021. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $565K exceeded revenue, resulting in a 54% operating deficit.

Mission

Organization raises financial resources to provide support for various restoration and preservation capital projects at Chestnut Ridge Park in Erie County, New York

Program Service Accomplishments

Program 1

Expenses: $557,565 Revenue: $0

Promote seasonal activities and raise awareness of Chestnut Ridge Park and raise funds for various restoration and preservation projects at Chestnut Ridge Park

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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 (2021)

Revenue Breakdown

Contributions & Grants $366,911

Program Service Revenue $0

Investment Income $27

Other Revenue $0

TOTAL REVENUE $366,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,639

Program Expenses $557,565

Other Expenses $565,298

TOTAL EXPENSES $565,298

Year-over-Year Comparison

	2021	2020	Change
Revenue	$366,938	$232,492	+0.6%
Expenses	$565,298	$69,880	+7.1%
Net Income	$-198,360	$162,612	-2.2%

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

120

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
Gordon Panek	President	10	Officer Director	$0	$0	$0
William Thornton	Secretary	2	Officer Director	$0	$0	$0
Elizabeth Cash	Director	2	Director	$0	$0	$0
Michael Corbin	Treasurer	5	Officer Director	$0	$0	$0
Toni Cudney	Director	2	Director	$0	$0	$0
Andrew Gernold	Director	2	Director	$0	$0	$0
Ron Michnik	Director	2	Director	$0	$0	$0
Edward J Murphy	Director	2	Director	$0	$0	$0
Troy P Schinzel	Director	2	Director	$0	$0	$0
Alan Percy	Director	2	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
2021	$366,938	$565,298	$74,376	$-198,360
2020	$232,492	$69,880	$272,736	$162,612