FOREST PARK CONSERVANCY FKA FOREST PARK PRESERVATION CORPORATION

EIN: 453461963 501(c)(3) Human Services

LAKE FOREST, IL

Total Revenue
$344,660
Total Expenses
$74,503
Total Assets
$636,062
Net Assets
$612,211
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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
2010
Legal Domicile
IL
Principal Officer
MATT SCHOLZ
Phone
8472346297
Tax Period
2025-01-01 to 2025-12-31

FOREST PARK PRESERVATION CORPORATION, founded in 2010, is a micro nonprofit in the Human Services sector that reported $41K in total revenue in fiscal year 2019. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $215K exceeded revenue, resulting in a 424% operating deficit.

Mission

THE MISSION OF THE FOREST PARK PRESERVATION CORPORATION ("THE ORGANIZATION")IS TO WORK IN PARTNERSHIP WITH THE CITY OF LAKE FOREST AND THE ENTIRE LAKE FOREST COMMUNITY TO PRESERVE FOREST PARK FOR THE FUTURE USE AND ENJOYMENT OF ALL RESIDENTS. AS PART OF THAT PROCESS, THE ORGANIZATION IS COMMITTED TO FOLLOWING ESTABLISHED STANDARDS OF EXCELLENCE IN THE AREAS OF CONSERVATION, HORTICULTURAL DESIGN, ENGINEERING, HISTORIC PRESERVATION, AND CULTURAL LEGACY TO PROTECT AND STRENGTHEN THIS UNIQUE AND SIGNFICANT LANDSCAPE. IN 2018, THE ORGANIZATION CHANGED ITS NAME FROM THE FOREST PARK PROJECT CORPORATION AND CHANGED ITS MISSION FROM THE CONSTRUCTION AND FORMATION OF A STRATEGIC PLAN FOR FOREST PARK TO ONE OF PRESERVATION AND MAINTENANCE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $456,022
Program Service Revenue $0
Investment Income $8,002
Other Revenue $-119,364
TOTAL REVENUE $344,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $10,306
Program Expenses $51,973
Other Expenses $74,503
TOTAL EXPENSES $74,503

Year-over-Year Comparison

2025 2024 Change
Revenue $344,660 $84,275 +3.1%
Expenses $74,503 $71,462 +0.0%
Net Income $270,157 $12,813 +20.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
13

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY FLETCHER SECRETARY 1.00
Officer Director
$0 $0 $0
THOMAS J DONOVAN PRESIDENT 1.00
Officer Director
$0 $0 $0
CRAIG BERGMANN DIRECTOR 1.00
Director
$0 $0 $0
MAGGIE COLEMAN DIRECTOR 1.00
Director
$0 $0 $0
P CLIFFORD MILLER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT W CRAWFORD JR DIRECTOR 1.00
Director
$0 $0 $0
BROOKE KUEHNLE DIRECTOR 1.00
Director
$0 $0 $0
MATT SCHOLZ TREASURER 1.00
Officer Director
$0 $0 $0
PIM ALLEY DIRECTOR 1.00
Director
$0 $0 $0
EMILY GRACE DIRECTOR 1.00
Director
$0 $0 $0
MARY HOFFMAN DIRECTOR 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 $344,660 $74,503 $636,062 $270,157
2020 $298,004 $88,487 $323,308 $209,517
2019 $40,940 $214,533 $113,791 $-173,593
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