EVANSVILLE PARKS FOUNDATION (EIN 351520591) - 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

1981

Legal Domicile

Principal Officer

KEVIN AXSOM

Phone

8122051405

Tax Period

2023-01-01 to 2023-12-31

EVANSVILLE PARKS FOUNDATION, founded in 1981, is a small nonprofit in the Recreation & Sports sector that reported $929K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 131% operating deficit.

Mission

TO SUPPORT AND PROVIDE FOR FACILITIES, IMPROVMENTS, AND PROGRAMS FOR PARKS & RECREATION IN THE EVANSVILLE AREA AND IMPROVE THE QUALITY OF LIFE FOR ALL OF ITS CITIZENS

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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 $895,158

Program Service Revenue $0

Investment Income $0

Other Revenue $33,784

TOTAL REVENUE $928,942

Expense Breakdown

Grants Paid $2,108,172

Salaries & Benefits $30,000

Fundraising Expenses $0

Program Expenses $2,108,172

Other Expenses $7,499

TOTAL EXPENSES $2,145,671

Year-over-Year Comparison

	2023	2022	Change
Revenue	$928,942	$1,244,289	-0.3%
Expenses	$2,145,671	$49,094	+42.7%
Net Income	$-1,216,729	$1,195,195	-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

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

Total Directors

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORY HALBIG	MEMBER	1.00	Director	$0	$0	$0
KORY KEMPF	MEMBER	1.00	Director	$0	$0	$0
DIANA SCHNAKENBURG	MEMBER	1.00	Director	$0	$0	$0
KIM WREN	MEMBER	1.00	Director	$0	$0	$0
HANNAH RODOCKER	MEMBER	1.00	Director	$0	$0	$0
JILL TRAUTVETTER	EXECUTIVE DIRECTOR	15.00	Director	$30,000	$0	$30,000
JIM KECK	MEMBER	1.00	Director	$0	$0	$0
JACKI MURRAY	MEMBER	1.00	Director	$0	$0	$0
GAIL DUNN	MEMBER	1.00	Director	$0	$0	$0
LAUREL MENY	MEMBER	1.00	Director	$0	$0	$0
CHRIS PIEKOS	MEMBER	1.00	Director	$0	$0	$0
MARGY HUNGATE	MEMBER	1.00	Director	$0	$0	$0
MARK RASURE	MEMBER	1.00	Director	$0	$0	$0
ADAM MORRIS	MEMBER	1.00	Director	$0	$0	$0
MATT KARGES	MEMBER	1.00	Director	$0	$0	$0
PATTI HURLEY	MEMBER	1.00	Director	$0	$0	$0
RHETT SCHREIBER	MEMBER	1.00	Director	$0	$0	$0
TAMMY EVANS	MEMBER	1.00	Director	$0	$0	$0
BROOKE ALTHAUS	SECRETARY	2.00	Officer	$0	$0	$0
KEVIN AXSOM	PRESIDENT	2.00	Officer	$0	$0	$0
RYAN CLARK	TREASURER	2.00	Officer	$0	$0	$0
TINA SPEARS	ASSISTANT TREASURER	2.00	Officer	$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	No data	No data	No data	No data
2023	$928,942	$2,145,671	$590,133	$-1,216,729
2022	$1,244,289	$49,094	$1,764,584	$1,195,195
2021	$757,252	$953,869	$645,846	$-196,617
2020	$1,735,725	$1,588,141	$805,093	$147,584
2019	$309,706	$520,550	$615,484	$-210,844
2018	$1,783,448	$1,598,005	$779,187	$185,443

EVANSVILLE PARKS FOUNDATION