CASTLE ROCK PARKS AND TRAILS FOUNDA

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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

2013

Principal Officer

MARNE HANSEN

Tax Period

2023-01-01 to 2023-12-31

CASTLE ROCK PARKS AND TRAILS FOUNDA, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $329K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $657K exceeded revenue, resulting in a 99% operating deficit.

Mission

AS THE NON-PROFIT PARTNER OF THE TOWN OF CASTLE ROCK PARKS AND RECREATION DEPARTMENT, OUR MISSION IS TO STRIVE TO MAXIMIZE THE RECREATIONAL EXPERIENCES OF OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $629,906 Revenue: $20,628

TO RAISE FUNDS TO SUPPORT PARK PROGRAMS, FACILITIES & SERVICES. TO PROMOTE THE VALUE AND BENEFITS OF OUR TOWN PARKS. TO SUPPORT PARK PROGRAMS THAT EDUCATE OUR COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $308,587

Program Service Revenue $20,628

Investment Income $0

Other Revenue $0

TOTAL REVENUE $329,215

Expense Breakdown

Grants Paid $600,000

Salaries & Benefits $19,192

Fundraising Expenses $3,838

Program Expenses $629,906

Other Expenses $37,529

TOTAL EXPENSES $656,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,215	$418,706	-0.2%
Expenses	$656,721	$35,848	+17.3%
Net Income	$-327,506	$382,858	-1.9%

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

$19,192

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LINDE	SECRETARY	5.00	Officer Director	$0	$0	$0
GINA ANGUIANO	BOARD MEMBER	N/A	Director	$0	$0	$0
JASON ANGUIANO	BOARD MEMBER	N/A	Director	$0	$0	$0
ACEY HOLMES	PRESIDENT	5.00	Officer Director	$0	$0	$0
JULI WATKINS	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
MARNE HANSEN	EXECUTIVE DI	20.00	Officer	$19,192	$0	$19,192
CARI CUSINATO	TREASURER	5.00	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	No data	No data	No data	No data
2023	$329,215	$656,721	$130,841	$-327,506
2022	$418,706	$35,848	$458,347	$382,858