MARIAN PARK INC (EIN 362750105) - 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

1972

Legal Domicile

Principal Officer

MARK ANGELINI

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

MARIAN PARK INC, founded in 1972, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Expenses of $2.9M left a modest 10% surplus.

Mission

MARIAN PARK, INC. (THE "CORPORATION") WAS ORGANIZED APRIL 26, 1972, AS AN ILLINOIS NON-STOCK, NONPROFIT ORGANIZATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. THE PROJECT CONSISTS OF 210 UNITS LOCATED IN WHEATON, ILLINOIS AND IS CURRENTLY OPERATING UNDER THE NAME MARIAN PARK, INC. (THE PROPERTY).

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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 $2,119,345

Program Service Revenue $1,063,754

Investment Income $273

Other Revenue $14,235

TOTAL REVENUE $3,197,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,788,166

Other Expenses $2,866,504

TOTAL EXPENSES $2,866,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,197,607	$3,166,261	+0.0%
Expenses	$2,866,504	$2,775,368	+0.0%
Net Income	$331,103	$390,893	-0.2%

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

N/A

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

$1,645,304

Total Directors

$704,745

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE ROSENBLUM	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$10,201	$232,549
KASSIDI BOENING	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$28,633	$172,677
MELISSA CLAYTON	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$33,798	$299,519
BRUCE SAAB	VICE PRESIDENT (UNTIL 10/23)	1.00	Officer	$0	$13,324	$98,303
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
FATMAH FARRAJ	VICE PRESIDENT	1.00	Officer	$0	$12,560	$177,119
MARK ANGELINI	PRESIDENT	1.00	Officer	$0	$11,727	$256,820
EDGAR FLAGG III	VICE PRESIDENT	1.00	Officer	$0	$26,276	$207,632

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	$3,197,607	$2,866,504	$5,249,796	$331,103
2022	$3,166,261	$2,775,368	$5,396,651	$390,893
2021	$3,104,809	$3,282,322	$5,363,170	$-177,513
2020	$3,041,003	$2,913,301	$5,528,369	$127,702
2019	$3,207,425	$2,835,328	$5,851,393	$372,097
2018	$2,830,597	$2,758,952	$5,659,566	$71,645

MARIAN PARK INC