Forest Park Foundation (EIN 352578306) - 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

2017

Legal Domicile

Principal Officer

Becky Waters

Tax Period

2023-01-01 to 2023-12-31

Forest Park Foundation, founded in 2017, is a small nonprofit in the Education sector that reported $129K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $117K, a strong 90% operating margin.

Mission

RECEIVE AND INVEST SCHOLARSHIP FUNDS, DISTRIBUTE SCHOLARSHIP DIVIDENDS TO FOREST PARK GRADUATES THAT HAVE APPLIED AND HAVE BEEN AWARDED SCHOLARSHIPS ACCORDING TO THE GUIDELINES OF EACH INDIVIDUAL SCHOLARSHIP.

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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 $25,977

Program Service Revenue $0

Investment Income $103,142

Other Revenue $0

TOTAL REVENUE $129,119

Expense Breakdown

Grants Paid $10,235

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,235

Other Expenses $2,316

TOTAL EXPENSES $12,551

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,119	$386,600	-0.7%
Expenses	$12,551	$12,703	0.0%
Net Income	$116,568	$373,897	-0.7%

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

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
Jim Nocerini	Director	1.00	Director	$0	$0	$0
Daryl Waters	Director	0.50	Director	$0	$0	$0
Jamie Krueger	Director	0.50	Director	$0	$0	$0
Christy Larsen	Director	0.50	Director	$0	$0	$0
Stacy Gasperich	Director	0.50	Director	$0	$0	$0
Kathy Stankewicz	Treasurer	3.00	Officer Director	$0	$0	$0
Britt Brozak	Secretary	0.50	Officer Director	$0	$0	$0
Becky Waters	President	5.00	Officer 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	$129,119	$12,551	$1,073,898	$116,568
2022	$386,600	$12,703	$1,007,518	$373,897
2021	$85,385	$15,028	$1,016,679	$70,357
2020	$126,172	$9,581	$765,714	$116,591
2019	$299,468	$2,895	$519,303	$296,573

Forest Park Foundation