MARCO ISLAND COMMUNITY PARKS FOUNDATION INC

EIN: 320644158 501(c)(3) Recreation & Sports

MARCO ISLAND, FL

Total Revenue
$64,679
Total Expenses
$31,896
Total Assets
$1,086,146
Net Assets
$1,086,146
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
FL
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 RAISE FUNDS FOR VARIOUS PURPOSES FOR THE CITY PARKS OF THE CITY OF MARCO ISLAND, FLORIDA, INCLUDING CITY PARKS MAINTENANCE, CAPITAL IMPROVEMENTS AND TECHNOLOGICAL AND SAFETY ENHANCEMENTS, AND THOSE OTHER DUTIES AS MAY BE ESTABLISHED FROM TIME TO TIME BY THE CITY COUNCIL.

Program Service Accomplishments

Program 1
Expenses: $17,044

TO PROVIDE A BROAD SOURCE OF COMMUNITY SUPPORT FOR PARKS LOCATED OR TO BE 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%)

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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

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
7

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
3
$6,720
Total Directors
7
$6,720
Key Employees
0
$0
Highest Compensated
0
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
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