FLORAL PARK NEIGHBORHOOD ASSOCIATI… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

CRAIG KALTHOFF-PATTI

Tax Period

2025-01-01 to 2025-12-31

FLORAL PARK NEIGHBORHOOD ASSOCIATION, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $244K in total revenue in fiscal year 2025. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $291K exceeded revenue, resulting in a 19% operating deficit.

Mission

The Floral Park Neighborhood Association works actively to preserve the character and beauty of the national historic neighborhood and to provide a sense of friendliness and helpfulness to its residents as well as provide student scholarships and support to local charities.

Program Service Accomplishments

Program 1

Expenses: $157,852 Revenue: $174,942

HOME TOURS,NEIGHBORHOOD BEAUTIFICATION PROJECTS, OTHER NEIGHBORHOOD EVENTS

Program 2

Expenses: $40,500

SUPPORT LOCAL CHARITIES

Program 3

Expenses: $38,000

SCHOLARSHIPS

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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 (2025)

Revenue Breakdown

Contributions & Grants $60,591

Program Service Revenue $174,942

Investment Income $6,220

Other Revenue $2,646

TOTAL REVENUE $244,399

Expense Breakdown

Grants Paid $78,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,352

Other Expenses $212,246

TOTAL EXPENSES $290,746

Year-over-Year Comparison

	2025	2024	Change
Revenue	$244,399	$136,993	+0.8%
Expenses	$290,746	$91,506	+2.2%
Net Income	$-46,347	$45,487	-2.0%

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

450

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
CRAIG KALTHOFF-PATTI	President	6.00	Officer Director	$0	$0	$0
JULIE HUMPHREYS	PARLIAMENTARIAN	6.00	Director	$0	$0	$0
STEPHANIE MILES	FIRST VICE-PRES	6.00	Officer Director	$0	$0	$0
CHRIS SWITZER	2ND VICE-PRES	6.00	Officer Director	$0	$0	$0
BRITINY CECIL	Secretary	6.00	Officer Director	$0	$0	$0
MASON NAKAMURA	COMM DIRECTOR	6.00	Director	$0	$0	$0
PETER CHRISTOFFERSEN	Treasurer	6.00	Officer Director	$0	$0	$0
BETH HOFFMAN	SECOND VP	6.00	Officer Director	$0	$0	$0
KEVIN SHULER	MEMBERSHIP	6.00	Director	$0	$0	$0
ALLYSON THOMPSON	SOCIAL DIRECTOR	6.00	Director	$0	$0	$0
SANDY DEANGELIS	HOME TOUR DIR	6.00	Director	$0	$0	$0
CHRIS ROSAS	MEMB CO DIRECTO	6.00	Director	$0	$0	$0
JESSICA CARR	COMM DIRECTOR	6.00	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
2025	$244,399	$290,746	$224,827	$-46,347
2024	No data	No data	No data	No data
2023	$223,608	$197,979	$225,687	$25,629

FLORAL PARK NEIGHBORHOOD ASSOCIATION