NORWOOD PARK FOUNDATION (EIN 454891853) - 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

COLLEEN THERIOT

Phone

5124764902

Tax Period

2021-01-01 to 2021-12-31

NORWOOD PARK FOUNDATION, founded in 2012, is a micro nonprofit that reported $4K in total revenue in fiscal year 2021. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $32K exceeded revenue, resulting in a 731% operating deficit.

Mission

THE MISSION OF THE NORWOOD PARK FOUNDATION IS TO RESTORE THE NORWOOD HOUSE TO ITS HISTORIC EXTERIOR APPEARANCE, REHABILITATE THE SURROUNDING HISTORIC GROUNDS AND GARDENS, AND REPURPOSE THE PROPERTY TO SERVE THE PEOPLE OF AUSTIN AS A PREMIER, NONPROFIT AND SELF-SUSTAINING RENTAL VENUE AND COMMUNITY MEETING SPACE. THE MOST SIGNIFICANT ACTIVITIES OF THE NORWOOD PARK FOUNDATION SINCE ITS INCORPORATION HAVE BEEN THE STABILIZATION OF THE HISTORIC NORWOOD HOUSE, STEWARDING OF THE NORWOOD SITE IN AN ONGOING MANNER, ACCOMPLISHING ALL DESIGN WORK FOR THE PROJECT, PERMITTING THE PROJECT, AND RAISING MONEY TO COMPLETE THE PROJECT. FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE NORWOOD PARK FOUNDATION IS TO RESTORE THE NORWOOD HOUSE TO ITS HISTORIC EXTERIOR APPEARANCE, REHABILITATE THE SURROUNDING HISTORIC GROUNDS AND GARDENS, AND REPURPOSE THE PROPERTY TO SERVE THE PEOPLE OF AUSTIN AS A PREMIER, NONPROFIT AND SELF-SUSTAINING RENTAL VENUE AND COMMUNITY MEETING SPACE. FORM 990, PART VI, LINE 1

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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 (2021)

Revenue Breakdown

Contributions & Grants $3,825

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $3,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,282

Other Expenses $31,801

TOTAL EXPENSES $31,801

Year-over-Year Comparison

	2021	2020	Change
Revenue	$3,828	$15,134	-0.7%
Expenses	$31,801	$361,516	-0.9%
Net Income	$-27,973	$-346,382	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN THERIOT	PRESIDENT	30.00	Officer Director	$0	$0	$0
CHARLES DI PIAZZA	VICE-PRESIDE	3.00	Officer Director	$0	$0	$0
TERI O'GLEE	VICE CHAIR	5.00	Director	$0	$0	$0
SUZY FIELDS	AT-LARGE	1.00	Director	$0	$0	$0
MARY LOVE HENDERSON	AT-LARGE	1.00	Director	$0	$0	$0
CHRIS RILEY	AT-LARGE	3.00	Director	$0	$0	$0
GARY FURMAN	AT-LARGE	3.00	Director	$0	$0	$0
STEVE SPROULL	AT-LARGE	3.00	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
2021	$3,828	$31,801	$29,731	$-27,973
2020	$15,134	$361,516	$55,768	$-346,382
2019	$518,161	$189,220	$418,305	$328,941
2018	$78,006	$117,556	$72,907	$-39,550

NORWOOD PARK FOUNDATION