PROSPECT MEADOWS INC (EIN 451186453) - 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

2011

Legal Domicile

Principal Officer

CHARLES WEBER

Phone

3192131775

Tax Period

2023-01-01 to 2023-12-31

PROSPECT MEADOWS INC, founded in 2011, is a community nonprofit in the Recreation & Sports sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE ATTRACTIVE, LOCAL AND PROFESSIONAL OUTDOOR BASEBALL AND SOFTBALL FACILITIES AND PROGRAMS THROUGH 9 FIELDS ON ONE CAMPUS.

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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 $889,649

Program Service Revenue $1,144,707

Investment Income $921

Other Revenue $6,490

TOTAL REVENUE $2,041,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $413,821

Fundraising Expenses $172,841

Program Expenses $2,277,136

Other Expenses $2,122,010

TOTAL EXPENSES $2,535,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,041,767	$4,061,568	-0.5%
Expenses	$2,535,831	$2,506,514	+0.0%
Net Income	$-494,064	$1,555,054	-1.3%

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

$79,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BRANDT	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK FREESE	SECRETARY	1.00	Officer Director	$0	$0	$0
DAN STRELLNER	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM STRELLNER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TROY MCQUILLEN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JIM VAN SCOYOC	BOARD MEMBER	1.00	Director	$0	$0	$0
COLETTE ATKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE HAMMES	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLIE WEBER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE LANDA	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKI HANNA	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN PARROTT	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK ROEDER	PRESIDENT	40.00	Officer	$79,500	$0	$79,500

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	$2,041,767	$2,535,831	$12,597,677	$-494,064
2022	$4,061,568	$2,506,514	$13,904,712	$1,555,054
2021	$1,593,506	$2,455,939	$13,712,909	$-862,433
2020	$1,040,603	$2,232,056	$14,981,835	$-1,191,453

PROSPECT MEADOWS INC