BAILEY PARK PROJECT

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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

Legal Domicile

Principal Officer

KATRINA WATKINS

Phone

3134921352

Tax Period

2022-11-01 to 2023-10-31

BAILEY PARK PROJECT, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $653K in total revenue in fiscal year 2022. Expenses of $735K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO ENHANCE McDOUGALL HUNT RESIDENTS QUALITY OF LIFE THROUGH HOUSING SECURITY, HEALTH, AND ENVIRONMENTAL IMPACT PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $526,513

TO ENHANCE McDOUGALL HUNT RESIDENTS QUALITY OF LIFE THROUGH HOUSING SECURITY, HEALTH, AND ENVIRONMENTAL IMPACT PROJECTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $648,745

Program Service Revenue $0

Investment Income $29

Other Revenue $3,822

TOTAL REVENUE $652,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,454

Fundraising Expenses $69,504

Program Expenses $526,513

Other Expenses $499,569

TOTAL EXPENSES $735,023

Year-over-Year Comparison

	2022	2021	Change
Revenue	$652,596	$665,112	0.0%
Expenses	$735,023	$554,534	+0.3%
Net Income	$-82,427	$110,578	-1.7%

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

N/A

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

$61,835

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATRINA WATKINS	EXECUTIVE DIRECTOR	040.00	Officer	$61,835	$0	$61,835
ROBERT SIPORIN	PRESIDENT	005.00	Officer Director	$0	$0	$0
KALISSA MAXWELL	SECRETARY	005.00	Officer Director	$0	$0	$0
DUANE ASHFORD	MEMBER	005.00	Director	$0	$0	$0
LEN BANKS	MEMBER	005.00	Director	$0	$0	$0
ROBERT LODGE	MEMBER	005.00	Director	$0	$0	$0
SANDRA WILLIAMS	MEMBER	005.00	Director	$0	$0	$0
KARTAC PATEL	TREASURER	005.00	Officer Director	$0	$0	$0
SHERNELL STAFFORD	MEMBER	005.00	Director	$0	$0	$0
DAVID TOBAR	MEMBER	005.00	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
2024	No data	No data	No data	No data
2023	$652,596	$735,023	$418,276	$-82,427
2022	$793,761	$797,338	$370,384	$-3,577
2022	$665,112	$554,534	$479,144	$110,578
2021	$506,864	$287,787	$387,661	$219,077
2020	$311,661	$168,865	$171,317	$142,796