MADISON PARKS FOUNDATION 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

2003

Legal Domicile

Principal Officer

STEPHANIE FRANKLIN

Phone

6082664339

Tax Period

2023-01-01 to 2023-12-31

MADISON PARKS FOUNDATION INC, founded in 2003, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $730K, a strong 60% operating margin.

Mission

AS THE NON-PROFIT PARTNER OF MADISON PARKS, WE HELP OUR COMMUNITY CONSERVE, PROMOTE, AND ENHANCE OUR PARKS.

Program Service Accomplishments

Program 1

Expenses: $326,424

VARIOUS PARK PROJECTS. HELPED WITH DEVELOPMENT OF VARIOUS PARKS AND RESTORATION AND RENEWAL OF PLAYGROUND EQUIPMENT.

Program 2

Expenses: $59,212

IN 2023, MADISON PARKS FOUNDATION GRANTED 3,760 GOODMAN POOL ADMISSIONS 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 (2023)

Revenue Breakdown

Contributions & Grants $1,145,511

Program Service Revenue $0

Investment Income $121,048

Other Revenue $-47,753

TOTAL REVENUE $1,218,806

Expense Breakdown

Grants Paid $226,650

Salaries & Benefits $124,385

Fundraising Expenses $49,651

Program Expenses $385,636

Other Expenses $137,555

TOTAL EXPENSES $488,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,218,806	$921,608	+0.3%
Expenses	$488,653	$812,970	-0.4%
Net Income	$730,153	$108,638	+5.7%

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

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

$92,510

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE FRANKLIN	EXECUTIVE DIRECTOR	40.00	Officer	$84,700	$7,810	$92,510
TY BECK	PRESIDENT	1.00	Officer Director	$0	$0	$0
KYLE ENGELKE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE BOGLE	TREASURER	1.00	Officer Director	$0	$0	$0
MAUREEN LOKRANTZ	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE CLAUSIUS	TRUSTEE	1.00	Director	$0	$0	$0
NEIL FAUERBACH	TRUSTEE	1.00	Director	$0	$0	$0
ERIC FRITZ	TRUSTEE	1.00	Director	$0	$0	$0
ALEC HILLBO	TRUSTEE	1.00	Director	$0	$0	$0
KRISTIN KUPRES	TRUSTEE	1.00	Director	$0	$0	$0
CATIE MCDONALD	TRUSTEE	1.00	Director	$0	$0	$0
SAM LEMENSE	TRUSTEE	1.00	Director	$0	$0	$0
CLAIRE OLEKSIAK	TRUSTEE	1.00	Director	$0	$0	$0
PIERCE SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
BEN WILLIAMS	TRUSTEE	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,218,806	$488,653	$4,714,075	$730,153
2022	$921,608	$812,970	$4,055,724	$108,638
2021	$1,634,719	$1,229,641	$4,094,657	$405,078
2020	$202,447	$153,564	$3,221,524	$48,883
2019	$407,941	$263,312	$2,945,586	$144,629
2018	$228,382	$268,761	$2,345,881	$-40,379