FRIENDS OF THE PARK INC (EIN 454403411) - 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

2012

Legal Domicile

Principal Officer

Bill Prescott

Phone

9045155098

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE PARK INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $757K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

Friends of the Park is a 501c3 non-profit organization dedicated to programming James Weldon Johnson Park year round to make it a clean, safe and attractive gathering place for family-friendly activities.

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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 $626,044

Program Service Revenue $130,413

Investment Income $413

Other Revenue $0

TOTAL REVENUE $756,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $328,317

Fundraising Expenses $0

Program Expenses $746,431

Other Expenses $418,114

TOTAL EXPENSES $746,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$756,870	$658,969	+0.1%
Expenses	$746,431	$754,277	0.0%
Net Income	$10,439	$-95,308	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill Prescott	Chair	10	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	$756,870	$746,431	$13,799	$10,439
2023	$658,969	$754,277	$3,062	$-95,308
2022	$740,969	$722,449	$72,770	$18,520
2021	$627,851	$661,097	$71,207	$-33,246
2020	$562,487	$558,931	$104,373	$3,556
2019	$648,506	$571,704	$100,992	$76,802
2018	$570,578	$603,235	$54,135	$-32,657
2017	$651,140	$657,549	$24,701	$-6,409

FRIENDS OF THE PARK INC