FRIENDS OF THE PARKS

EIN: 362844241 501(c)(3) Recreation & Sports

Chicago, IL

Total Revenue
$565,451
Total Expenses
$597,046
Total Assets
$1,232,678
Net Assets
$501,852
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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
1975
Legal Domicile
IL
Principal Officer
Brian Gladstein
Phone
3128572757
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF THE PARKS, founded in 1975, is a small nonprofit in the Recreation & Sports sector that reported $565K in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year.

Mission

FRIENDS OF THE PARKS INSPIRES, EQUIPS, AND MOBILIZES A DIVERSE CHICAGO TO ENSURE AN EQUITABLE PARK SYSTEM FOR A HEALTHY CHICAGO.

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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 (2025)

Revenue Breakdown

Contributions & Grants $551,660
Program Service Revenue $0
Investment Income $0
Other Revenue $13,791
TOTAL REVENUE $565,451

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,275
Fundraising Expenses $111,622
Program Expenses $330,305
Other Expenses $234,771
TOTAL EXPENSES $597,046

Year-over-Year Comparison

2025 2024 Change
Revenue $565,451 $643,726 -0.1%
Expenses $597,046 $471,034 +0.3%
Net Income $-31,595 $172,692 -1.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
4
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
10
$17,820
Total Directors
12
$174,751
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian Gladstein Executive Director 40
Director
$107,500 $0 $107,500
Jennifer Kilgore Interim Executive Director 40
Director
$49,431 $0 $49,431
Pete Leki Director 2
Officer Director
$17,820 $0 $17,820
Bronwyn Nichols Lodato Board Chair 2
Officer Director
$0 $0 $0
Lauren Moltz 1st Vice Chair 2
Officer Director
$0 $0 $0
Deborah Strauss 2nd Vice Chair 2
Officer Director
$0 $0 $0
Thurman Foreman Treasurer 2
Officer Director
$0 $0 $0
Nancy Juda Secretary 2
Officer Director
$0 $0 $0
Frederick Bates Director 2
Officer Director
$0 $0 $0
Lorraine Chavez Director 2
Officer Director
$0 $0 $0
Sheldon Lyke Director 2
Officer Director
$0 $0 $0
Troy McMillan Director 2
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
2025 $565,451 $597,046 $1,232,678 $-31,595
2024 $643,726 $471,034 $1,312,178 $172,692
2023 $346,594 $566,118 $1,085,022 $-219,524
2022 $707,512 $638,372 $1,315,588 $69,140
2021 $644,835 $623,612 $999,319 $21,223
2020 $721,262 $578,479 $1,032,172 $142,783
2019 $623,995 $587,943 $865,066 $36,052
2018 $554,602 $676,970 $1,005,785 $-122,368
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