FOREST PRESERVE FRIENDS 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

1983

Legal Domicile

Principal Officer

WILL TIMMONS

Phone

2175863360

Tax Period

2024-01-01 to 2024-12-31

FOREST PRESERVE FRIENDS FOUNDATION, founded in 1983, is a small nonprofit that reported $743K in total revenue in fiscal year 2024. The organization ran a surplus of $465K, a strong 63% operating margin.

Mission

SUPPORT CONSERVATION, EDUCATION AND RECREATION IN THE CHAMPAIGN COUNTY FOREST PRESERVES.

Program Service Accomplishments

Program 1

Expenses: $20,000

CONSTRUCTION OF AN ADA ACCESSIBLE BOAT LAUNCH AT THE NORTH END OF HOMER LAKE AT THE HOMER LAKE FOREST PRESERVE.

Program 2

Expenses: $100,000

CONSTRUCTION OF AN OBSERVATION AREA, TRAILS AND CAMPGROUNDS AT THE INTERNATIONAL DARK SKY PARK AT THE MIDDLE FORK FOREST PRESERVE.

Program 3

Expenses: $22,925

HABITAT RESTORATION AT HOMER LAKE FOREST PRESERVE

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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 $371,989

Program Service Revenue $0

Investment Income $370,552

Other Revenue $0

TOTAL REVENUE $742,541

Expense Breakdown

Grants Paid $166,560

Salaries & Benefits $0

Fundraising Expenses $8,325

Program Expenses $219,691

Other Expenses $110,642

TOTAL EXPENSES $277,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$742,541	$-19,738	-38.6%
Expenses	$277,202	$157,847	+0.8%
Net Income	$465,339	$-177,585	-3.6%

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

$167,201

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT HAUSMAN	VICE PRESIDENT	0.75	Officer Director	$0	$0	$0
ROGER LARAMEE	BOARD DIRECTOR	0.75	Director	$0	$0	$0
MERRY MITCHELL	BOARD DIRECTOR	0.75	Director	$0	$0	$0
DANIEL M NOEL	BOARD DIRECTOR	0.75	Director	$0	$0	$0
RACHEL SMITH-BOLTON	BOARD DIRECTOR	0.75	Director	$0	$0	$0
WILL TIMMONS	PRESIDENT	3.00	Officer Director	$0	$0	$0
JENNIFER VALLOWE	SECRETARY	0.75	Officer Director	$0	$0	$0
MARY ELLEN WUELLNER	TREASURER	1.50	Officer Director	$0	$0	$0
SARAH LIVESAY	BOARD DIRECTOR	0.75	Director	$0	$0	$0
SHIRA EPSTEIN	BOARD DIRECTOR	0.75	Director	$0	$0	$0
NANCY GUEBELLE	BOARD DIRECTOR	0.75	Director	$0	$0	$0
CARTER BILLINGSLEY	BOARD DIRECTOR	0.75	Director	$0	$0	$0
WILLIAM GOODMAN	BOARD DIRECTOR	0.75	Director	$0	$0	$0
BRENDAN MCGINTY	BOARD DIRECTOR	0.75	Director	$0	$0	$0
LORRIE PEARSON	EXECUTIVE DIRECTOR	3.00	Officer	$0	$29,655	$167,201

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	$742,541	$277,202	$1,520,263	$465,339
2023	$-19,738	$157,847	$1,306,035	$-177,585
2022	$538,100	$364,768	$1,073,149	$173,332
2021	$314,905	$431,380	$1,348,506	$-116,475
2020	$260,295	$377,684	$1,342,663	$-117,389
2019	$483,535	$286,111	$1,431,777	$197,424
2018	$388,951	$422,306	$1,080,606	$-33,355