PARKLANDS FOUNDATION INC

EIN: 376075466 501(c)(3)

NORMAL, IL

Total Revenue
$748,111
Total Expenses
$370,819
Total Assets
$8,321,712
Net Assets
$8,284,712
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
IL
Principal Officer
MICHAEL MCKINLEY
Phone
3094543169
Tax Period
2024-03-01 to 2025-02-28

PARKLANDS FOUNDATION INC, founded in 1967, is a small nonprofit that reported $748K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $377K, a strong 50% operating margin.

Mission

TO PRESERVE, PROTECT, AND ECOLOGICALLY RESTORE HISTORIC NATURAL LANDS IN THE MIDDLE AND UPPER MACKINAW VALLEY WATERSHED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $624,688
Program Service Revenue $36,433
Investment Income $67,245
Other Revenue $19,745
TOTAL REVENUE $748,111

Expense Breakdown

Grants Paid $0
Salaries & Benefits $173,399
Fundraising Expenses $27,195
Program Expenses $285,042
Other Expenses $197,420
TOTAL EXPENSES $370,819

Year-over-Year Comparison

2024 2023 Change
Revenue $748,111 $654,368 +0.1%
Expenses $370,819 $346,770 +0.1%
Net Income $377,292 $307,598 +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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Governance

Voting Members
15
Independent Members
15
Employees
5
Volunteers
50

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
3
$0
Total Directors
17
$0
Key Employees
2
$129,646
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL VAN NESS DIRECTOR 1.00
Director
$0 $0 $0
ROGER ANDERSON HONORARY DIRECTOR 1.00
Director
$0 $0 $0
GUY FRAKER HONORARY DIRECTOR 1.00
Director
$0 $0 $0
FRANCIS SANDERS STEWARDSHIP CHAIR 1.00
Director
$0 $0 $0
MICHAEL MCKINLEY TREASURER 1.00
Officer Director
$0 $0 $0
JAMES FRANKS SECRETARY 1.00
Officer Director
$0 $0 $0
SHANNON FULTON PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL DOHERTY DIRECTOR 1.00
Director
$0 $0 $0
KEITH PLUYMERS DIRECTOR 1.00
Director
$0 $0 $0
DEE FRAUTSCHI DIRECTOR 1.00
Director
$0 $0 $0
VASUDHA GADHIRAJU DIRECTOR 1.00
Director
$0 $0 $0
TRACY SHEPARD DIRECTOR 1.00
Director
$0 $0 $0
MARY JO ADAMS OUTREACH CHAIR 1.00
Director
$0 $0 $0
CHUCK CROXTON DIRECTOR 1.00
Director
$0 $0 $0
DAN DENEEN DIRECTOR 1.00
Director
$0 $0 $0
JEFF HOWARD DIRECTOR 1.00
Director
$0 $0 $0
HERB WISER DIRECTOR 1.00
Director
$0 $0 $0
JASON SHOEMAKER LAND STEWARD 40.00
Key Emp
$63,356 $1,911 $65,267
ERIN HERBEZ ADMIN. DIRECTOR 40.00
Key Emp
$62,494 $1,885 $64,379
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 $748,111 $370,819 $8,321,712 $377,292
2024 $654,368 $346,770 $7,823,803 $307,598
2023 $333,444 $323,584 $6,115,087 $9,860
2022 $1,017,186 $284,654 $6,208,735 $732,532
2021 $543,558 $269,996 $5,981,725 $273,562
2020 $320,163 $261,135 $5,588,638 $59,028
2019 $260,062 $204,750 $5,612,356 $55,312
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