PARKS FOUNDATION OF OAK PARK (EIN 454009019) - 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

MIKE WARREN

Phone

7088480200

Tax Period

2024-01-01 to 2024-12-31

PARKS FOUNDATION OF OAK PARK, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $181K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $614K exceeded revenue, resulting in a 239% operating deficit.

Mission

WE ARE A COMMUNITY FOUNDATION ORGANIZED TO COLLABORATE WITH OAK PARK RESIDENTS, COMMUNITY GROUPS AND PARTNER ORGANIZATIONS TO SUPPORT EXCEPTIONAL AND EXTRAORDINARY PROJECTS THAT ENHANCE OUR PARKS AND COMMUNITY LIFE.

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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 $167,566

Program Service Revenue $0

Investment Income $11,452

Other Revenue $2,090

TOTAL REVENUE $181,108

Expense Breakdown

Grants Paid $610,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $610,000

Other Expenses $4,113

TOTAL EXPENSES $614,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$181,108	$751,718	-0.8%
Expenses	$614,113	$44,483	+12.8%
Net Income	$-433,005	$707,235	-1.6%

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

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
JESSICA FREIBURG	TREASURER	N/A	Officer Director	$0	$0	$0
CHRIS GRIFFITH	DIRECTOR	N/A	Director	$0	$0	$0
VIC GUARINO	DIRECTOR	N/A	Director	$0	$0	$0
MARCIA LEHMAN	DIRECTOR	N/A	Director	$0	$0	$0
TAWAKALITU MITCHELL	SECRETARY	N/A	Officer Director	$0	$0	$0
SARA NEUNER	DIRECTOR	N/A	Director	$0	$0	$0
MIKE WARREN	PRESIDENT	N/A	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	$181,108	$614,113	$637,935	$-433,005
2023	$751,718	$44,483	$1,070,940	$707,235
2022	$1,157,855	$1,505,290	$363,705	$-347,435
2021	$2,669,471	$2,517,577	$711,254	$151,894
2020	$460,298	$8,729	$559,360	$451,569
2019	$2,190,754	$2,106,445	$107,791	$84,309

PARKS FOUNDATION OF OAK PARK