WASHINGTON SQUARE PARK CONSERVANCY INC (EIN 461406128) - 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

KYUNG CHOI BORDES

Phone

9175195625

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON SQUARE PARK CONSERVANCY INC, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $979K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 87% operating deficit.

Mission

THE WASHINGTON SQUARE PARK CONSERVANCY ("WSPC") IS A 501 (C)(3) NOT FOR PROFIT ORGANIZATION WORKING WITH THE NEW YORK CITY PARKS DEPARTMENT AND NEIGHBORHOOD GROUPS TO ENSURE THAT WASHINGTON SQUARE PARK CONTINUES AS A DIVERSE AND HISTORICAL URBAN GREEN SPACE THROUGH ENGAGING VOLUNTEERS AND RAISING FUNDS TO HELP KEEP THE PARK CLEAN, SAFE AND BEAUTIFUL.

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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 $929,046

Program Service Revenue $0

Investment Income $54,778

Other Revenue $-5,320

TOTAL REVENUE $978,504

Expense Breakdown

Grants Paid $1,128,981

Salaries & Benefits $485,075

Fundraising Expenses $218,777

Program Expenses $1,365,077

Other Expenses $214,706

TOTAL EXPENSES $1,828,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$978,504	$1,211,391	-0.2%
Expenses	$1,828,762	$1,699,221	+0.1%
Net Income	$-850,258	$-487,830	+0.7%

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

690

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

$35,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH ELY	DIRECTOR	2.00	Director	$0	$0	$0
VERONICA BULGARI	DIRECTOR	2.00	Director	$0	$0	$0
GWEN EVANS	TREASURER	10.00	Officer Director	$0	$0	$0
JUSTINE LEGUIZAMO	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
QUINTON FARRAR	CHAIRMAN	10.00	Officer Director	$0	$0	$0
MICHAEL AURIEMMA - 0325 ROTOFF	DIRECTOR	2.00	Director	$0	$0	$0
ADRIAN BENEPE	DIRECTOR	2.00	Director	$0	$0	$0
KYUNG CHOI BORDES	PRESIDENT	10.00	Officer Director	$0	$0	$0
DOUGLAS EVANS	DIRECTOR	2.00	Director	$0	$0	$0
MARIANNE ENGLE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN VAN NAME	DIRECTOR	2.00	Director	$0	$0	$0
CONOR GRIMES	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE WELCH	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON WU	DIRECTOR	2.00	Director	$0	$0	$0
SUSI WUNSCH	DIRECTOR	2.00	Director	$0	$0	$0
LYDIA CARLSTON	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS HUGHES - 1024 ROTOFF	DIRECTOR	2.00	Director	$0	$0	$0
SUE DONOGHUE - 0625 ROTOFF	PARK REO NYC PARKS DEPT TR	0.25	Director	$0	$0	$0
ARLENE PERALTA AVILA	DIRECTOR	2.00	Director	$0	$0	$0
MARK DOERR	SECRETARY	10.00	Officer Director	$0	$0	$0
DAISY PRINCE	DIRECTOR	2.00	Director	$0	$0	$0
TRICIA SHIMAMURA	DIRECTOR/NYC PARK DEPT.	2.00	Director	$0	$0	$0
WILL KING - 0625 ROTON	DIRECTOR	2.00	Director	$0	$0	$0
IRIS RODRIGUEZ - ROSA - 0625 ROTON	NYC PARK DEPT.	2.00	Director	$0	$0	$0
WILL MORRISON	EXECUTIVE DIRECTOR	10.00	Officer	$35,000	$0	$35,000
ASHLEY DAVIS	DEPUTY DIRECTOR	40.00	Highest	$115,313	$9,899	$125,212

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	$978,504	$1,828,762	$3,862,886	$-850,258
2024	No data	No data	No data	No data
2023	$4,738,736	$1,027,500	$4,672,217	$3,711,236
2022	$828,067	$826,660	$715,346	$1,407
2021	$716,825	$723,625	$781,558	$-6,800
2020	$637,485	$819,446	$740,708	$-181,961
2019	$895,332	$755,152	$1,082,698	$140,180
2018	$443,626	$459,849	$723,402	$-16,223

WASHINGTON SQUARE PARK CONSERVANCY INC