PARKS FOUNDATION OF HIGHLAND PARK

EIN: 352507421 501(c)(3) Philanthropy & Grantmaking

HIGHLAND PARK, IL

Total Revenue
$2,765,981
Total Expenses
$2,807,787
Total Assets
$634,687
Net Assets
$633,401
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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
2016
Principal Officer
JOSIE BECK
Phone
8475793138
Tax Period
2024-01-01 to 2024-12-31

PARKS FOUNDATION OF HIGHLAND PARK, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $519K in total revenue in fiscal year 2022. Revenue surged 309% from the prior year, signaling strong growth momentum.

Mission

THE FOUNDATION WAS ESTABLISHED TO SUPPORT THE MISSION OF THE PDHP: "TO ENRICH COMMUNITY LIFE THROUGH HEALTHY LEISURE PURSUITS AND AN APPRECIATION FOR THE NATURAL WORLD" BY RAISING AND GRANTING SUPPLEMENTAL FUNDING FOR: PROGRAMS, SERVICES, THE REDUCTION OF FEES CHARGED FOR PROGRAMS FOR PARTICIPANTS WHO ARE EXPERIENCING ECONOMIC DIFICULTY, FACILITIES, CAPITAL PROJECTS, TECHNOLOGY, AND THE ACQUISITION OF OPEN SPACE AREAS FOR ACTIVE OR PASSIVE RECREATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,789,236
Program Service Revenue $0
Investment Income $4,183
Other Revenue $-27,438
TOTAL REVENUE $2,765,981

Expense Breakdown

Grants Paid $2,771,554
Salaries & Benefits $0
Fundraising Expenses $25,669
Program Expenses $2,773,929
Other Expenses $36,233
TOTAL EXPENSES $2,807,787

Year-over-Year Comparison

2024 2023 Change
Revenue $2,765,981 $728,713 +2.8%
Expenses $2,807,787 $142,235 +18.7%
Net Income $-41,806 $586,478 -1.1%
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
10
Independent Members
10
Employees
N/A
Volunteers
10

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
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSIE BECK PRESIDENT 2.50
Officer Director
$0 $0 $0
JENNIFER TIER SECRETARY 1.40
Officer Director
$0 $0 $0
SILVIS CHEN TREASURER 1.00
Officer Director
$0 $0 $0
NICHOLAS BARNES DIRECTOR 1.50
Director
$0 $0 $0
MATT PESTINE DIRECTOR 3.50
Director
$0 $0 $0
ROB STEPEN DIRECTOR 1.00
Director
$0 $0 $0
LORI FINK DIRECTOR 1.50
Director
$0 $0 $0
LUISA ESPINOSA-LARA DIRECTOR 3.00
Director
$0 $0 $0
DANIELLE THIEL DIRECTOR 1.00
Director
$0 $0 $0
LUIS GONZALEZ DIRECTOR 2.50
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 $2,765,981 $2,807,787 $634,687 $-41,806
2023 $728,713 $142,235 $675,207 $586,478
2022 $518,883 $530,752 $122,712 $-11,869
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