LAKE PARK FRIENDS LTD

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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

2002

Legal Domicile

Principal Officer

HERSH KUMBHANI

Phone

4149621680

Tax Period

2025-01-01 to 2025-12-31

LAKE PARK FRIENDS LTD, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $346K in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $89K, a strong 26% operating margin.

Mission

TO PROMOTE AND HELP MAINTAIN MILWAUKEES LAKE PARK

Program Service Accomplishments

Program 1

Expenses: $39,536 Revenue: $20,000

MUSIC MONDAYS/WONDERFUL WEDNESDAYS - EVENTS HELD IN JUNE, JULY AND AUGUST. OFFERED TO THE PUBLIC AT NO CHARGE. HELD AT THE LAKE PARK PERFORMANCE STAGE.

Program 2

Expenses: $146,493 Revenue: $0

VARIOUS MAINTENANCE AND BEAUTIFICATOIN PROJECTS THROUGHOUT THE PARK INCLUDING PLANTINGS, BENCHES AND OTHER LANDSCAPING.

Program 3

Expenses: $38,373 Revenue: $0

OTHER PROJECTS INCLUDING HISTORY AND NATURE OF THE PARK, RECREATION PROGRAMS AND GENERAL EXPENSES RELATED TO PROGRAMMING

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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 (2025)

Revenue Breakdown

Contributions & Grants $234,695

Program Service Revenue $24,000

Investment Income $68,412

Other Revenue $18,413

TOTAL REVENUE $345,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,238

Fundraising Expenses $2,908

Program Expenses $231,822

Other Expenses $228,607

TOTAL EXPENSES $256,845

Year-over-Year Comparison

	2025	2024	Change
Revenue	$345,520	$413,112	-0.2%
Expenses	$256,845	$291,474	-0.1%
Net Income	$88,675	$121,638	-0.3%

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

$26,472

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN WOLMER	ADMINISTRATOR	20.00	Officer	$26,472	$0	$26,472
ANNE HAMILTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
HERSH KUMBHANI	TREASURER	2.00	Officer Director	$0	$0	$0
CATHY JAKICIC	SECRETARY	2.00	Officer Director	$0	$0	$0
SHARON BOELDT	VP DEVELOPMENT	2.00	Officer Director	$0	$0	$0
NATHANIEL BLAZ	DIRECTOR	2.00	Director	$0	$0	$0
ROEMEL BROWN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN EASTBERG	DIRECTOR	2.00	Director	$0	$0	$0
NIDHI KASHYAP	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN KEEFE	DIRECTOR	2.00	Director	$0	$0	$0
JOAN KRESS	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN LOPES	DIRECTOR	2.00	Director	$0	$0	$0
DOREEN STOLLER	DIRECTOR	2.00	Director	$0	$0	$0
NADINE WESKE	DIRECTOR	2.00	Director	$0	$0	$0
ANNYSA JOHNSON	ROTATED OFF BOARD DEC 2025	2.00	Officer Director	$0	$0	$0
DONALD CRAMER	ROTATED OFF BOARD MAY 2025	2.00	Officer Director	$0	$0	$0
BRENDA WOOD	ROTATED OFF BOARD MAY 2025	2.00	Officer 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
2025	$345,520	$256,845	$1,144,172	$88,675
2024	$413,112	$291,474	$1,056,147	$121,638
2023	$261,249	$208,565	$884,427	$52,684
2022	$323,107	$228,878	$789,775	$94,229
2021	$268,219	$176,642	$731,116	$91,577
2020	$422,816	$222,432	$633,588	$200,384
2019	$220,669	$135,129	$433,204	$85,540
2018	$272,560	$149,634	$347,664	$122,926