BENNETT FAMILY PARK INC

EIN: 416038687 501(c)(3) Recreation & Sports

MINNETONKA, MN

Total Revenue
$204,779
Total Expenses
$200,874
Total Assets
$977,617
Net Assets
$977,617
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
MN
Principal Officer
TROY MASON
Phone
9524751040
Tax Period
2023-01-01 to 2023-12-31

BENNETT FAMILY PARK INC, founded in 1956, is a small nonprofit in the Recreation & Sports sector that reported $205K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Net assets of $978K represent 57 months of operating reserves.

Mission

TO PROVIDE BASEBALL AND SOFTBALL DIAMONDS TO MINNETONKA YOUTH FOR RECREATIONAL GAMES. THE PARK IS UTILIZED MOSTLY BY THE COMMUNITY'S BASEBALL AND SOFTBALL RECREATIONAL PROGRAMS. AREA BUSINESSES PURCHASE ADVERTISEMENTS IN THE ANNUAL PROGRAM. THE PARK ALSO SELLS CONCESSIONS AT THE GAMES. THE MAJORITY OF THE LABOR NEEDED TO OPERATE THE CONCESSION STAND IS PROVIDED BY VOLUNTEERS. THESE ACTIVITIES PROVIDE FUNDS FOR THE PARK OPERATIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $65,784
Program Service Revenue $101,925
Investment Income $268
Other Revenue $36,802
TOTAL REVENUE $204,779

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,154
Fundraising Expenses $0
Program Expenses $198,417
Other Expenses $121,720
TOTAL EXPENSES $200,874

Year-over-Year Comparison

2023 2022 Change
Revenue $204,779 $135,249 +0.5%
Expenses $200,874 $241,347 -0.2%
Net Income $3,905 $-106,098 -1.0%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
14
Volunteers
8

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONYA ANDRUSKIEWICZ BOARD MEMBER N/A
Director
$0 $0 $0
JANET BAILEY TREASURER N/A
Officer Director
$0 $0 $0
MK COUNTRYMAN SECRETARY N/A
Officer Director
$0 $0 $0
CHRIS GABLER MAINT. DIREC N/A
Director
$0 $0 $0
KYLE HEITKAMP MBA PRESIDEN N/A
Officer Director
$0 $0 $0
ROBERT LIETZKE BOARD MEMBER N/A
Director
$0 $0 $0
RICK UEBLER BOARD MEMBER N/A
Director
$0 $0 $0
KELLY WISCHMEIER BOARD MEMBER N/A
Director
$0 $0 $0
TROY MASON PRESIDENT N/A
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 No data No data No data No data
2023 $204,779 $200,874 $977,617 $3,905
2022 $135,249 $241,347 $975,588 $-106,098
2021 $174,902 $199,492 $1,079,810 $-24,590
2020 $91,145 $166,712 $1,104,400 $-75,567
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