FARMINGTON HILLS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF THE PARKS, founded in 1990, is a small nonprofit in the Education sector that reported $329K in total revenue in fiscal year 2024. Revenue surged 344% from the prior year, signaling strong growth momentum. Expenses of $282K left a modest 14% surplus.
The Corporation is organized to create, build, maintain, operate, preserve, improve and promote public recreational programs, public parks, and public recreational facilities, all within the City of Farmington Hills; and to raise funds, and receive and manage contributions, donations, gifts and grants to be used to accomplish said purposes. The Corporation is organized exclusively for charitable, educational and scientific purposes, including, for such purposes, the making of distributions to other organizations which are exempt under Section 501(c)(3) of the Internal Revenue Code or corresponding section of any future United Stated federal tax code.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $328,822 | $74,128 | +3.4% |
| Expenses | $282,237 | $12,343 | +21.9% |
| Net Income | $46,585 | $61,785 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ellen Schnackel | President | 2 |
Director
|
$0 | $0 | $0 |
| Steve Stimson | Chairperson | 2 |
Director
|
$0 | $0 | $0 |
| Judy Antishin | Vice President | 2 |
Director
|
$0 | $0 | $0 |
| Cheryl Ruffolo | Secretary | 2 |
Director
|
$0 | $0 | $0 |
| Thomas Skrobola | Treasurer | 2 |
Director
|
$0 | $0 | $0 |
| Bryan Farmer | Board Member | 2 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $328,822 | $282,237 | $486,486 | $46,585 |
| 2024 | $74,128 | $12,343 | $439,901 | $61,785 |
| 2023 | $296,153 | $642,758 | $378,116 | $-346,605 |
| 2022 | $459,752 | $316,392 | $724,721 | $143,360 |
| 2021 | $223,473 | $24 | $581,361 | $223,449 |
| 2021 | No data | No data | $858,039 | No data |
Compare FRIENDS OF THE PARKS with other nonprofits in Michigan and across the country.