FRIENDS OF SARASOTA COUNTY PARKS INC (EIN 450522194) - 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

2003

Legal Domicile

Principal Officer

GRACE WHITEHOUSE

Phone

7036254623

Tax Period

2024-10-01 to 2025-09-30

FRIENDS OF SARASOTA COUNTY PARKS INC, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $156K in total revenue in fiscal year 2024. The organization ran a surplus of $68K, a strong 44% operating margin.

Mission

TO PROMOTE, ENHANCE AND MAINTAIN COMMUNITY SUPPORT FOR SARASOTA COUNTY PARKS AND PUBLIC RECREATIONAL LANDS THROUGH ACTIVITIES, FUNDRAISING AND VOLUNTEER EFFORTS.

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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 $137,100

Program Service Revenue $0

Investment Income $19,093

Other Revenue $0

TOTAL REVENUE $156,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,368

Other Expenses $87,820

TOTAL EXPENSES $87,820

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,193	N/A	N/A
Expenses	$87,820	N/A	N/A
Net Income	$68,373	N/A	N/A

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

N/A

Volunteers

620

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
GRACE WHITEHOUSE	Treasurer	4.00	Officer Director	$0	$0	$0
BUCK BUCKMASTER	President	1.00	Officer Director	$0	$0	$0
LEE PERRON	Vice President	1.00	Officer Director	$0	$0	$0
CATHERINE DENTE	Secretary	1.00	Officer Director	$0	$0	$0
LARRY PROHS	Trustee	1.00	Director	$0	$0	$0
TERRY REDMAN	Trustee	1.00	Director	$0	$0	$0
SHERM STRATTON	Trustee	1.00	Director	$0	$0	$0
FRED WHITEHOUSE	Trustee	1.00	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	$156,193	$87,820	$658,536	$68,373
2024	$242,792	$403,047	$580,027	$-160,255
2023	$155,964	$113,188	$720,538	$42,776
2022	$555,979	$331,785	$669,029	$224,194
2021	$275,116	$276,636	$466,833	$-1,520
2019	$341,386	$289,003	$446,598	$52,383

FRIENDS OF SARASOTA COUNTY PARKS INC