THOUSAND ISLAND PARK FOUNDATION INC (EIN 462819724) - 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

2013

Legal Domicile

Principal Officer

DAVID R LAKE

Phone

3154822576

Tax Period

2023-01-01 to 2023-12-31

THOUSAND ISLAND PARK FOUNDATION INC, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $74K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $90K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO SUPPORT CULTURAL AND EDUCATIONAL PROGRAMS IN THOUSAND ISLAND PARK, NEW YORK, AND TO ENHANCE AND REVITALIZE THE HISTORIC INFRASTRUCTURE OF THE 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 (2023)

Revenue Breakdown

Contributions & Grants $48,995

Program Service Revenue $0

Investment Income $9,330

Other Revenue $15,771

TOTAL REVENUE $74,096

Expense Breakdown

Grants Paid $26,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,875

Other Expenses $63,962

TOTAL EXPENSES $90,362

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,096	$54,363	+0.4%
Expenses	$90,362	$68,828	+0.3%
Net Income	$-16,266	$-14,465	+0.1%

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
JAMES BRASSER	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD HANSINGER	DIRECTOR	2.00	Director	$0	$0	$0
KENT HUMPHRIES	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL KEANE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LAKE	CHAIRPERSON / PRESIDENT	2.00	Officer Director	$0	$0	$0
KATE TURRI	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL STEDEM	VICE CHAIRPERSON / VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
EDWARD ADAMS	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTINA NEMEC	SECRETARY	2.00	Officer Director	$0	$0	$0
ELIZABETH ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
ERIKA GOODYEAR	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HANRETTY	DIRECTOR	2.00	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	$74,096	$90,362	$572,599	$-16,266
2022	$54,363	$68,828	$489,670	$-14,465
2021	$34,111	$29,206	$597,558	$4,905
2020	$42,650	$23,165	$536,649	$19,485

THOUSAND ISLAND PARK FOUNDATION INC