WEST SHORE PARK CORP

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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

1939

Legal Domicile

Principal Officer

Mike Davenport

Phone

8475669371

Tax Period

2024-04-01 to 2025-03-31

WEST SHORE PARK CORP, founded in 1939, is a small nonprofit that reported $192K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $57K, a strong 29% operating margin.

Mission

Maintained community wells, well house and water distribution system. Maintained beaches and park areas.

Program Service Accomplishments

Program 1

Expenses: $92,851 Revenue: $152,057

Maintained community wells, well house and water distribution system

Program 2

Expenses: $42,637 Revenue: $40,004

Maintained beaches and park areas. Also Includes administration, insurance and legal fees

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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 $0

Program Service Revenue $186,279

Investment Income $5,782

Other Revenue $0

TOTAL REVENUE $192,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,488

Other Expenses $135,488

TOTAL EXPENSES $135,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,061	$162,002	+0.2%
Expenses	$135,488	$174,954	-0.2%
Net Income	$56,573	$-12,952	-5.4%

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
Mike Davenport	President	5	Officer Director	$0	$0	$0
Chris Shifley	Vice president	1	Officer Director	$0	$0	$0
Minaxi Tailor	Director	1	Director	$0	$0	$0
Ben Arditti	Director	2	Director	$0	$0	$0
Larry Bakirtjy	Director	2	Director	$0	$0	$0
Marilee Rusiniak	Secretary	1	Officer	$0	$0	$0
Fred Aichele	Treasurer	7	Officer	$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	$192,061	$135,488	$820,291	$56,573
2024	$162,002	$174,954	$763,718	$-12,952
2023	$165,963	$117,558	$776,670	$48,405
2022	$181,125	$141,179	$728,265	$39,946
2021	$162,498	$105,079	$688,319	$57,419