VALPARAISO PARKS & RECREATION FOUNDATION INC

EIN: 351756907 501(c)(3)

VALPARAISO, IN

Total Revenue
$711,434
Total Expenses
$1,150,694
Total Assets
$761,345
Net Assets
$755,066
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
IN
Principal Officer
KEVIN NUPPNAU
Phone
2194625144
Tax Period
2023-01-01 to 2023-12-31

VALPARAISO PARKS & RECREATION FOUNDATION INC, founded in 1988, is a small nonprofit that reported $711K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 62% operating deficit.

Mission

THE VALPARAISO PARKS FOUNDATION PROVIDES OPPORTUNITIES FOR THE COMMUNITY TO SUPPORT THE CONTINUING LEGACY OF HIGH QUALITY EXPERIENCES PROVIDED BY VALPO PARKS.

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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 $753,204
Program Service Revenue $0
Investment Income $0
Other Revenue $-41,770
TOTAL REVENUE $711,434

Expense Breakdown

Grants Paid $100,198
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,140,263
Other Expenses $1,050,496
TOTAL EXPENSES $1,150,694

Year-over-Year Comparison

2023 2022 Change
Revenue $711,434 $993,099 -0.3%
Expenses $1,150,694 $277,061 +3.2%
Net Income $-439,260 $716,038 -1.6%
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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Governance

Voting Members
24
Independent Members
24
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROB BEHREND BOARD MEMBER 1.00
Director
$0 $0 $0
BRANDI ANSTINE VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
TIM VERSCHURE PRESIDENT 1.00
Officer Director
$0 $0 $0
JIM MCCALL BOARD MEMBER 1.00
Director
$0 $0 $0
JIM CUNNINGHAM TREASURER 1.00
Officer Director
$0 $0 $0
ALEX OLYMPIDIS BOARD MEMBER 1.00
Director
$0 $0 $0
ERIN URSCHEL BOARD MEMBER 1.00
Director
$0 $0 $0
MATT VESSELY BOARD MEMBER 1.00
Director
$0 $0 $0
CATHY BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA EYERMANN BOARD MEMBER 1.00
Director
$0 $0 $0
ROB CAVANAUGH BOARD MEMBER 1.00
Director
$0 $0 $0
JERRY RODENBARGER BOARD MEMBER 1.00
Director
$0 $0 $0
MATT EVANS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTY GRAF BOARD MEMBER 1.00
Director
$0 $0 $0
BILL OEDING BOARD MEMBER 1.00
Director
$0 $0 $0
MAGGIE CLIFTON BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN CORNETT BOARD MEMBER 1.00
Director
$0 $0 $0
MARK HARDWICK BOARD MEMBER 1.00
Director
$0 $0 $0
JAMIE SULCER BOARD MEMBER 1.00
Director
$0 $0 $0
KARL BERNER BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH HUNTER BOARD MEMBER 1.00
Director
$0 $0 $0
MATT WHALING BOARD MEMBER 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 No data No data No data No data
2023 $711,434 $1,150,694 $761,345 $-439,260
2022 $993,099 $277,061 $1,194,243 $716,038
2021 $384,344 $162,521 $491,846 $221,823
2020 $199,700 $268,237 $273,152 $-68,537
2019 $213,888 $164,966 $345,145 $48,922
2018 $877,413 $823,902 $306,022 $53,511
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