INDIANAPOLIS PARKS FOUNDATION INC

EIN: 351860468 501(c)(3) Recreation & Sports

INDIANAPOLIS, IN

Total Revenue
$1,351,256
Total Expenses
$2,456,059
Total Assets
$1,603,137
Net Assets
$1,449,200
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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
1991
Legal Domicile
IN
Phone
3173408024
Tax Period
2023-01-01 to 2023-12-31

INDIANAPOLIS PARKS FOUNDATION INC, founded in 1991, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 82% operating deficit.

Mission

INCREASE ACCESS AND AVAILABILITY OF PARK SPACES AND PROGRAMMING FOR ALL RESIDENTS AND VISITORS.

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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 $1,482,977
Program Service Revenue $0
Investment Income $23,364
Other Revenue $-155,085
TOTAL REVENUE $1,351,256

Expense Breakdown

Grants Paid $1,580,895
Salaries & Benefits $580,025
Fundraising Expenses $344,139
Program Expenses $1,595,709
Other Expenses $295,139
TOTAL EXPENSES $2,456,059

Year-over-Year Comparison

2023 2022 Change
Revenue $1,351,256 $2,445,621 -0.4%
Expenses $2,456,059 $1,951,186 +0.3%
Net Income $-1,104,803 $494,435 -3.2%
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
13
Independent Members
13
Employees
6
Volunteers
750

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
6
$99,893
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Vice Chair 2.0
Officer Director
$0 $0 $0
N/A TREASURER 2.0
Officer Director
$0 $0 $0
N/A Chair 2.0
Officer Director
$0 $0 $0
N/A SECRETARY 2.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A Interim CEO (Beg 07/23) 24.0
Officer
$37,500 $0 $37,500
N/A President & CEO (End 06/23) 37.5
Officer
$58,230 $4,163 $62,393
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 $1,351,256 $2,456,059 $1,603,137 $-1,104,803
2022 $2,445,621 $1,951,186 $2,823,680 $494,435
2021 $1,402,836 $4,521,507 $2,785,719 $-3,118,671
2020 $1,063,054 $5,792,016 $5,819,363 $-4,728,962
2019 $1,439,591 $4,374,101 $10,997,763 $-2,934,510
2018 $11,680,491 $3,168,980 $13,021,138 $8,511,511
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