Cullinan Park Conservancy (EIN 454477343) - 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

2010

Legal Domicile

Principal Officer

Keith Borgfeldt

Phone

7135574049

Tax Period

2024-01-01 to 2024-12-31

Cullinan Park Conservancy, founded in 2010, is a small nonprofit in the Environment sector that reported $141K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $555K exceeded revenue, resulting in a 294% operating deficit.

Mission

The Conservancy raises capital funds for the development of the Joseph S. & Lucie H. Cullinan Park.

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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 $110,780

Program Service Revenue $0

Investment Income $32,443

Other Revenue $-2,211

TOTAL REVENUE $141,012

Expense Breakdown

Grants Paid $390,000

Salaries & Benefits $64,200

Fundraising Expenses $36,665

Program Expenses $494,743

Other Expenses $77,292

TOTAL EXPENSES $555,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$141,012	$236,329	-0.4%
Expenses	$555,492	$343,049	+0.6%
Net Income	$-414,480	$-106,720	+2.9%

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

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

$64,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Borgfeldt	President	5.00	Officer Director	$0	$0	$0
Monica Taylor	Vice President	5.00	Officer Director	$0	$0	$0
Cee Cee Parker	Secretary	3.00	Officer Director	$0	$0	$0
John Van De Wiele	Treasurer	3.00	Director	$0	$0	$0
John Arcidiacono	Director	3.00	Director	$0	$0	$0
Will Cravens	Director	3.00	Director	$0	$0	$0
Jason Miller	Director	3.00	Director	$0	$0	$0
Haley Peck	Director	3.00	Director	$0	$0	$0
Keri Schmidt	Director	3.00	Director	$0	$0	$0
June Tang	Director	3.00	Director	$0	$0	$0
Morgan Gaskin Thomas	Director	3.00	Director	$0	$0	$0
Rex Varn	Director	3.00	Director	$0	$0	$0
Beth Wolf	Executive Director	40.00	Officer	$64,200	$0	$64,200

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	$141,012	$555,492	$650,087	$-414,480
2023	$236,329	$343,049	$1,161,183	$-106,720
2022	$1,601,223	$1,337,034	$1,184,927	$264,189
2021	$316,109	$130,781	$922,226	$185,328
2020	$585,260	$337,063	$729,444	$248,197
2019	$250,798	$62,942	$481,247	$187,856
2018	$339,784	$189,359	$293,391	$150,425

Cullinan Park Conservancy