SCHAUMBURG PARK FOUNDATION

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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

1981

Legal Domicile

Principal Officer

TONY LAFRENERE

Phone

8479852115

Tax Period

2024-01-01 to 2024-12-31

SCHAUMBURG PARK FOUNDATION, founded in 1981, is a micro nonprofit that reported $78K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 55% operating margin.

Mission

FUND RAISING FOR PARK AND RECREATIONAL ENHANCEMENT AND TO PROVIDE FINANCIAL ASSISTANCE TO QUALIFYING STUDENTS AND PARK PATRONS WITHIN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $21,886

SUPPORT FOR PARK DISTRICT PARTICIPANTS' FINANCIAL NEEDS INCLUDING FOR PROGRAM CHARGES, DAYCARE AND PRESCHOOL.

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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 $45,290

Program Service Revenue $0

Investment Income $4,761

Other Revenue $27,558

TOTAL REVENUE $77,609

Expense Breakdown

Grants Paid $21,886

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,886

Other Expenses $12,936

TOTAL EXPENSES $34,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$77,609	$55,318	+0.4%
Expenses	$34,822	$56,901	-0.4%
Net Income	$42,787	$-1,583	-28.0%

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

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
TONY LAFRENERE	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHY LONGUEIL	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN BIESCHKE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE BURGESS	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
JACK TRUDEL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRIAN BERG JR	TREASURER	1.00	Officer Director	$0	$0	$0
JUSTIN SIENKIEWICZ	EXECUTIVE VICE PRESIDENT	1.00	Director	$0	$0	$0
KRISTY RIDDLE	RECORDING SECRETARY	1.00	Director	$0	$0	$0
MARGE CONNELLY	HONORARY TRUSTEE	1.00	Director	$0	$0	$0
GUS PODD	HONORARY TRUSTEE	1.00	Director	$0	$0	$0
TERRY SULLIVAN	HONORARY TRUSTEE	1.00	Director	$0	$0	$0
KAY WOJCIK	HONORARY TRUSTEE	1.00	Director	$0	$0	$0
BILL TUCKNOTT	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE POESCHEL	TRUSTEE	1.00	Director	$0	$0	$0
GLENN R SZURGOT	TRUSTEE	1.00	Director	$0	$0	$0
MATT FRANK	TRUSTEE	1.00	Director	$0	$0	$0
PETE JUSTEN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES DOLBEARE	TRUSTEE	1.00	Director	$0	$0	$0
JASON MITCHELL	TRUSTEE	1.00	Director	$0	$0	$0
JEFF MILLER	TRUSTEE	1.00	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	$77,609	$34,822	$506,226	$42,787
2023	$55,318	$56,901	$459,903	$-1,583
2022	$113,784	$48,674	$461,418	$65,110
2021	$37,708	$44,851	$395,919	$-7,143
2020	$6,769	$35,005	$403,103	$-28,236