Friends of Garfield Park 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

1999

Legal Domicile

Phone

7656616403

Tax Period

2024-01-01 to 2024-12-31

Friends of Garfield Park Inc, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $907K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $625K, a strong 69% operating margin.

Mission

To ensure the preservation and evolution of the public benefits of Garfield Park through enhanced funding, effective advocacy, and expanded stewardship.

Program Service Accomplishments

Program 1

Expenses: $157,985 Revenue: $2,843

Ensure the preservation and continuation of the public benefits of Garfield Park through enhanced funding, the application of effective advocacy and expanded stewardship. Arts, conservatory and...

Ensure the preservation and continuation of the public benefits of Garfield Park through enhanced funding, the application of effective advocacy and expanded stewardship. Arts, conservatory and family center cultural support allows the public the opportunity to view the beauty of nature within the park while providing an experience with the arts including various events throughout the year.

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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 (2024)

Revenue Breakdown

Contributions & Grants $525,848

Program Service Revenue $0

Investment Income $374,261

Other Revenue $7,141

TOTAL REVENUE $907,250

Expense Breakdown

Grants Paid $8,307

Salaries & Benefits $65,713

Fundraising Expenses $52,834

Program Expenses $157,985

Other Expenses $207,966

TOTAL EXPENSES $281,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$907,250	$2,785,643	-0.7%
Expenses	$281,986	$220,443	+0.3%
Net Income	$625,264	$2,565,200	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynda Burrello	President	4.00	Officer Director	$0	$0	$0
Janice Lesniak	Vice President	4.00	Officer Director	$0	$0	$0
Cheryl Dillenback	Treasurer	4.00	Officer Director	$0	$0	$0
Joni Anderson	Secretary	4.00	Officer Director	$0	$0	$0
Sarah Austin	Director	3.00	Director	$0	$0	$0
Joey Banfield	Director	3.00	Director	$0	$0	$0
Micah Beachler	Director	3.00	Director	$0	$0	$0
Mark Bowles	Director	3.00	Director	$0	$0	$0
Russ Clemens	Director	3.00	Director	$0	$0	$0
John Hornberger	Director	3.00	Director	$0	$0	$0
Katie Jacobsen	Director	3.00	Director	$0	$0	$0
Allie Kast-Gregg	Director	3.00	Director	$0	$0	$0
Joe Lackner	Director	3.00	Director	$0	$0	$0
Alex MacAllister	Director	3.00	Director	$0	$0	$0
Jeffrey Mader	Director	3.00	Director	$0	$0	$0
William Malone Jr	Director	3.00	Director	$0	$0	$0
Marty Reardon	Director	3.00	Director	$0	$0	$0
Eli Wire	Director	3.00	Director	$0	$0	$0
Roxanne Whirley	Director	3.00	Director	$0	$0	$0
Robert Willsey	Director	3.00	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	$907,250	$281,986	$5,188,809	$625,264
2023	$2,785,643	$220,443	$4,215,874	$2,565,200
2022	$415,683	$230,692	$1,572,303	$184,991
2021	$233,735	$187,084	$1,492,001	$46,651
2020	$626,922	$281,964	$1,237,568	$344,958