HEADWATERS PARK ALLIANCE 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

2000

Legal Domicile

Principal Officer

GEOFF PADDOCK

Phone

2604255745

Tax Period

2024-01-01 to 2024-12-31

HEADWATERS PARK ALLIANCE INC, founded in 2000, is a micro nonprofit that reported $75K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $267K exceeded revenue, resulting in a 257% operating deficit.

Mission

TO PERFORM SERVICES AND OTHER RESPONSIBILITIES ASSOCIATED WITH DEVELOPING, MAINTAINING, AND IMPROVING HEADWATERS PARK IN FORT WAYNE, INDIANA, FOR THE BENEFIT OF THE PUBLIC, INCLUDING, BUT NOT LIMITED TO, PROVIDING AND MANAGING PROGRAMS AND ACTIVITIES AT THE PARK, PROMOTING THE PARK TO THE PUBLIC, RAISING MONEY TO BE USED FOR THE BENEFIT OF THE PARK, AND MAKING CAPITAL IMPROVEMENTS TO THE PARK.

Program Service Accomplishments

Program 1

Expenses: $234,040

THE ALLIANCE ENTERED INTO AN AGREEMENT WITH THE FORT WAYNE BOARD OF PARK COMMISSIONERS TO MANAGE, MAINTAIN, REPAIR AND IMPROVE THE PARK. THE TERM OF THE AGREEMENT BEGAN 9/1/00. FROM 5/11/00 THROUGH 9/1/00, THE ALLIANCE FOCUSED ITS ACTIVITIES ON NEGOTIATING THE AGREEMENT WITH THE PARK BOARD AND PUTTING THE ORGANIZATIONAL STRUCTURE IN PLACE. SINCE 9/1/00, THE ALLIANCE HAS PROVIDED SERVICES AND UNDERTAKEN FUND RAISING ACTIVITIES FOR THE BENEFIT OF HEADWATERS PARK.

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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 $71,850

Program Service Revenue $0

Investment Income $2,882

Other Revenue $0

TOTAL REVENUE $74,732

Expense Breakdown

Grants Paid $230,927

Salaries & Benefits $22,622

Fundraising Expenses $6,361

Program Expenses $234,040

Other Expenses $13,543

TOTAL EXPENSES $267,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,732	$231,599	-0.7%
Expenses	$267,092	$228,149	+0.2%
Net Income	$-192,360	$3,450	-56.8%

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

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

$19,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEOFF PADDOCK	EXEC DIRECTO	50.00	Officer	$19,788	$0	$19,788
MICHELE HERALD	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAVID STEINER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SUZON MOTZ	SECRETARY	N/A	Officer Director	$0	$0	$0
JOMARE BOWERS-MIZZELL	TREASURER	N/A	Officer Director	$0	$0	$0
ALAN GRINSFELDER	DIRECTOR	N/A	Director	$0	$0	$0
JUDY ZEHNER	DIRECTOR	N/A	Director	$0	$0	$0
KIRK MORIARTY	DIRECTOR	N/A	Director	$0	$0	$0
JANE JORGENSEN	DIRECTOR	N/A	Director	$0	$0	$0
JOHN SHOAFF	DIRECTOR	N/A	Director	$0	$0	$0
KAREN SURGUINE	DIRECTOR	N/A	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	$74,732	$267,092	No data	$-192,360
2023	$231,599	$228,149	$292,360	$3,450
2022	$454,960	$423,456	$289,920	$31,504
2021	$504,835	$432,137	$258,416	$72,698
2020	$422,154	$433,096	$185,718	$-10,942