Friends of Parkside (EIN 383017821) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

Zachary Rowe

Phone

3138220311

Tax Period

2023-10-01 to 2024-09-30

Friends of Parkside, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $364K in total revenue in fiscal year 2023.

Mission

Various programs which improve and better the Parkside Community. To promote solidarity, health, and well-being of residents.

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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 (2023)

Revenue Breakdown

Contributions & Grants $363,962

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $363,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,509

Fundraising Expenses $0

Program Expenses $85,493

Other Expenses $129,684

TOTAL EXPENSES $354,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,962	$366,752	0.0%
Expenses	$354,193	$384,268	-0.1%
Net Income	$9,769	$-17,516	-1.6%

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

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
Mylika Adorno	Board Chair	1.00	Officer	$0	$0	$0
Curtis Smith	Treasurer	1.00	Officer	$0	$0	$0
Brenda Fleming	Vice Chair	1.00	Officer	$0	$0	$0
Renee Bayer	Secretary	1.00	Officer	$0	$0	$0
Linda Lawrence	Member	1.00	Officer	$0	$0	$0
Theresa Beals	Member	1.00	Officer	$0	$0	$0
Sandra White	Member	1.00	Officer	$0	$0	$0
Glinder Jackson	Member	1.00	Officer	$0	$0	$0
Helen Anderson	Member	1.00	Officer	$0	$0	$0
Doreen Wade	Member	1.00	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
2024	$363,962	$354,193	$12,918	$9,769
2023	$366,752	$384,268	$9,757	$-17,516
2022	$344,840	$339,697	$26,963	$5,143
2021	$222,728	$199,373	$26,417	$23,355

Friends of Parkside