HISTORIC ARNOLDS PARK INC

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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

1984

Legal Domicile

Phone

7123322183

Tax Period

2023-01-01 to 2023-12-31

HISTORIC ARNOLDS PARK INC, founded in 1984, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.5M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $11.9M left a modest 5% surplus.

Mission

PROVIDE & PRESERVE FAMILY FUN IN THE IOWA GREAT LAKES AREA through the operation of its historical amusement park, excursion boat, and maritime museum.

Program Service Accomplishments

Program 1

Expenses: $9,601,066 Revenue: $5,091,558

TO OPERATE AND PRESERVE THE HISTORIC ARNOLDS PARK AMUSEMENT RIDES, ATTRACTIONS, SHOPS, AND LAKE SIDE PROPERTIES IN THE IOWA GREAT LAKES AREA FOR THE PUBLIC'S USE AND ENJOYMENT INCLUDING SPONSORING...

TO OPERATE AND PRESERVE THE HISTORIC ARNOLDS PARK AMUSEMENT RIDES, ATTRACTIONS, SHOPS, AND LAKE SIDE PROPERTIES IN THE IOWA GREAT LAKES AREA FOR THE PUBLIC'S USE AND ENJOYMENT INCLUDING SPONSORING EVENTS, CONCERTS AND ATTRACTIONS THAT ARE FREE AND OPEN TO THE PUBLIC.

Program 2

Expenses: $860,245 Revenue: $2,566

TO COLLECT AND PRESERVE MARITIME ARTIFACTS AND COLLECTIBLES GENERALLY ASSOCIATED WITH THE IOWA GREAT LAKES AREA AND TO DISPLAY THE BOATING AND MARITIME ARTIFACTS IN OUR MARITIME MUSEUM THAT IS FREE AND OPEN TO THE PUBLIC TO VIEW ON A YEAR ROUND BASIS. AN OFFICIAL IOWA WELCOME CENTER IS OPERATED WITHIN THE MUSEUM FACILITY and had over 63,000 visitors during the year.

Program 3

Expenses: $13,407 Revenue: $207,333

TO OPERATE AND PRESERVE THE HISTORIC QUEEN II EXCURSION BOAT IN THE IOWA GREAT LAKES AREA FOR THE PUBLIC'S USE AND ENJOYMENT

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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 $4,881,320

Program Service Revenue $5,301,457

Investment Income $-73,076

Other Revenue $2,410,073

TOTAL REVENUE $12,519,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,290,930

Fundraising Expenses $136,621

Program Expenses $10,474,718

Other Expenses $7,601,906

TOTAL EXPENSES $11,892,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,519,774	$10,981,402	+0.1%
Expenses	$11,892,836	$11,014,613	+0.1%
Net Income	$626,938	$-33,211	-19.9%

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

298

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jonathan Pausley	CEO	55.00		$183,059	$0	$183,059
RON MORROCO	DIRECTOR	2.00	Director	$0	$0	$0
GARY RAY	Treasurer	2.00	Officer Director	$0	$0	$0
KEN JONES	Director	2.00	Director	$0	$0	$0
LANCE EVANS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN FRANKEN	Director	2.00	Director	$0	$0	$0
DENNY WALKER	Director	2.00	Director	$0	$0	$0
MIKE BENNETT	President	4.00	Officer Director	$0	$0	$0
BRUCE TAMISIEA	Vice President	2.00	Officer Director	$0	$0	$0
SUZIE WILMOT	Secretary	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
2024	No data	No data	No data	No data
2023	$12,519,774	$11,892,836	$50,087,200	$626,938
2022	$10,981,402	$11,014,613	$47,316,297	$-33,211
2021	$12,228,274	$8,733,987	$45,905,371	$3,494,287
2020	$11,555,493	$7,261,717	$42,877,037	$4,293,776
2019	$16,840,412	$6,801,292	$37,840,708	$10,039,120
2018	$12,085,345	$5,813,083	$28,383,516	$6,272,262