TIPPECANOE COUNTY PARK AND RECREATION FOUNDATION INC (EIN 352009765) - 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

1996

Legal Domicile

Phone

7654041907

Tax Period

2023-01-01 to 2023-12-31

TIPPECANOE COUNTY PARK AND RECREATION FOUNDATION INC, founded in 1996, is a small nonprofit in the Recreation & Sports sector that reported $175K in total revenue in fiscal year 2023. Expenses of $681K exceeded revenue, resulting in a 290% operating deficit.

Mission

The improvement of properties facilities and programs of the Tippecanoe County Parks and Recreation Department.

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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 $139,309

Program Service Revenue $2,673

Investment Income $15,227

Other Revenue $17,455

TOTAL REVENUE $174,664

Expense Breakdown

Grants Paid $42,551

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $661,109

Other Expenses $638,515

TOTAL EXPENSES $681,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$174,664	$180,898	0.0%
Expenses	$681,066	$43,238	+14.8%
Net Income	$-506,402	$137,660	-4.7%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Gery	President	2.00	Officer Director	$0	$0	$0
Dennis Mellon	Vice President	1.00	Officer Director	$0	$0	$0
Opal Kuhl	Secretary	1.00	Officer Director	$0	$0	$0
Allen Nail	Treasurer	4.00	Officer Director	$0	$0	$0
Esther Chosnek	Director	1.00	Director	$0	$0	$0
Scott Rumble	Director	1.00	Director	$0	$0	$0
David Luhman	Director	1.00	Director	$0	$0	$0
Charles Jischke	Director	1.00	Director	$0	$0	$0
Christy Welch	Director	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	$174,664	$681,066	$2,078,845	$-506,402
2022	$180,898	$43,238	$2,585,247	$137,660
2021	$163,020	$58,793	$2,447,587	$104,227
2020	$149,943	$23,085	$2,343,360	$126,858

TIPPECANOE COUNTY PARK AND RECREATION FOUNDATION INC