FRIENDS OF STEWART PARK INC (EIN 383898381) - 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

2012

Legal Domicile

Principal Officer

MELONEY MCMURRY

Phone

6073194766

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF STEWART PARK INC, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $767K in total revenue in fiscal year 2024. Revenue surged 205% from the prior year, signaling strong growth momentum. Expenses of $992K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO ENHANCE AND REVITALIZE STEWART PARK IN PARTNERSHIP WITH THE CITY OF ITHACA AND PARK STAKEHOLDERS FOR THE ENJOYMENT OF ITHACA RESIDENTS AND VISITORS TO OUR COMMUNITY.

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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 $767,737

Program Service Revenue $0

Investment Income $0

Other Revenue $-747

TOTAL REVENUE $766,990

Expense Breakdown

Grants Paid $822,023

Salaries & Benefits $108,869

Fundraising Expenses $8,024

Program Expenses $948,523

Other Expenses $60,884

TOTAL EXPENSES $991,776

Year-over-Year Comparison

	2024	2023	Change
Revenue	$766,990	$251,694	+2.0%
Expenses	$991,776	$190,469	+4.2%
Net Income	$-224,786	$61,225	-4.7%

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

$55,406

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA RIESMAN	CHAIR	15.00	Officer Director	$0	$0	$0
BETH GERRARD	DIRECTOR	1.00	Director	$0	$0	$0
ANDY MONROE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LAURA HUNSINGER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LAUZUN	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
LAURA HAYDUCHOK	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
NANCY MALINA	SECRETARY	1.00	Officer Director	$0	$0	$0
CLAUDE ROSEN	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW EPSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY HAJJAR	DIRECTOR	1.00	Director	$0	$0	$0
RICK HENDRICK	DIRECTOR	1.00	Director	$0	$0	$0
RICK MANNING	EXECUTIVE DIRECTOR	32.00	Officer	$55,406	$0	$55,406

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	$766,990	$991,776	$302,222	$-224,786
2023	$251,694	$190,469	$285,612	$61,225
2022	$173,267	$203,133	$215,974	$-29,866
2021	$462,079	$288,381	$245,585	$173,698
2019	$361,984	$347,425	$200,793	$14,559
2018	$442,945	$558,167	$198,752	$-115,222

FRIENDS OF STEWART PARK INC