MARCO ISLAND COMMUNITY PARKS FOUNDATION INC (EIN 320644158) - 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

2020

Legal Domicile

Principal Officer

ERIK BRECHNITZ

Phone

2393895014

Tax Period

2023-10-01 to 2024-09-30

MARCO ISLAND COMMUNITY PARKS FOUNDATION INC, founded in 2020, is a micro nonprofit in the Recreation & Sports sector that reported $65K in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 51% operating margin.

Mission

THE FOUNDATION IS ORGANIZED TO PROVIDE COMMUNITY SUPPORT FOR PARKS LOCATED WITHIN THE CITY OF MARCO ISLAND, FLORIDA.

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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 $20,750

Program Service Revenue $0

Investment Income $43,929

Other Revenue $0

TOTAL REVENUE $64,679

Expense Breakdown

Grants Paid $17,044

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,044

Other Expenses $14,852

TOTAL EXPENSES $31,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,679	$36,021	+0.8%
Expenses	$31,896	$9,407	+2.4%
Net Income	$32,783	$26,614	+0.2%

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

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

$6,720

Total Directors

$6,720

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK BRECHNITZ	CHAIR	1.00	Officer Director	$0	$720	$6,720
DR CARLOS PORTU	TREASURER	1.00	Officer Director	$0	$0	$0
JOAN TAYLOR	SECRETARY	1.00	Officer Director	$0	$0	$0
RENE CHAMPAGNE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID COX	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ILITCH JR	DIRECTOR	1.00	Director	$0	$0	$0
ALLYSON RICHARDS	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	$64,679	$31,896	$1,086,146	$32,783
2023	$36,021	$9,407	$1,053,363	$26,614
2022	$1,019,618	$6,935	$1,026,749	$1,012,683

MARCO ISLAND COMMUNITY PARKS FOUNDATION INC