KENT COUNTY PARKS 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

1999

Legal Domicile

Principal Officer

TODD HARVEY

Phone

6166065031

Tax Period

2023-01-01 to 2023-12-31

KENT COUNTY PARKS FOUNDATION, founded in 1999, is a small nonprofit in the Public & Societal Benefit sector that reported $552K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 189% operating deficit.

Mission

TO PRESERVE EXISTING GREEN SPACES, PROTECT THE ENVIRONMENT, AND MAINTAIN AND EXPAND OUR PARKS WITH NEW LAND ACQUISITION, USING THE LAND LEGACY FUND AND OTHER FINANCIAL AND PROPERTY RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $1,439,418

MILLENIUM PARK MAINTENANCE ASSISTANCE - 38,711 OTHER DESIGNATED PARK IMPROVEMENTS - 29,271 SILVER LAKE PARK ACQUISITION TO KENT COUNTY - 1,371,436

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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 $544,581

Program Service Revenue $0

Investment Income $33,872

Other Revenue $-26,567

TOTAL REVENUE $551,886

Expense Breakdown

Grants Paid $1,439,418

Salaries & Benefits $114,358

Fundraising Expenses $94,055

Program Expenses $1,439,418

Other Expenses $41,474

TOTAL EXPENSES $1,595,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$551,886	$1,663,992	-0.7%
Expenses	$1,595,250	$1,723,397	-0.1%
Net Income	$-1,043,364	$-59,405	+16.6%

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

N/A

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

$106,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD HARVEY	PRESIDENT	0.30	Officer Director	$0	$0	$0
LYNNE JARMAN JOHNSON	VICE PRESIDE	0.30	Officer Director	$0	$0	$0
TOM AMON	SECRETARY	0.30	Officer Director	$0	$0	$0
DAVID HAAGSMA	TREASURER	0.30	Officer Director	$0	$0	$0
DENISE KOLESAR	DIRECTOR	0.30	Director	$0	$0	$0
DREW NEITZEL	DIRECTOR	0.30	Director	$0	$0	$0
ALEX GEZON	DIRECTOR	0.30	Director	$0	$0	$0
SHELLEY IRWIN	DIRECTOR	0.30	Director	$0	$0	$0
ELLEN BRISTOL	DIRECTOR	0.30	Director	$0	$0	$0
DAN BEHLER	DIRECTOR	0.30	Director	$0	$0	$0
SAM MOORE	EXECUTIVE DI	40.00	Director	$99,900	$7,000	$106,900
ERIC BROWN	DIRECTOR	0.30	Director	$0	$0	$0
SCOTT VOGEL	DIRECTOR	0.30	Director	$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	No data	No data	No data	No data
2023	$551,886	$1,595,250	$2,215,889	$-1,043,364
2022	$1,663,992	$1,723,397	$3,001,314	$-59,405
2021	$1,283,532	$200,839	$3,409,200	$1,082,693
2020	$176,334	$129,586	$2,256,953	$46,748
2019	$886,847	$216,389	$1,992,622	$670,458
2018	$707,739	$839,871	$1,324,341	$-132,132