PARKS FOUNDATION OF BURLINGTON INC

EIN: 462836897 501(c)(3) Recreation & Sports

BURLINGTON, VT

Total Revenue
$213,325
Total Expenses
$179,358
Total Assets
$1,093,729
Net Assets
$1,093,729
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
VT
Principal Officer
COLLEEN MONTGOMERY
Phone
8028640123
Tax Period
2024-07-01 to 2025-06-30

PARKS FOUNDATION OF BURLINGTON INC, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $213K in total revenue in fiscal year 2024. The organization ran a surplus of $34K, a strong 16% operating margin.

Mission

THE PARKS FOUNDATION OF BURLINGTON SEEKS TO INSPIRE THE SPIRIT OF STEWARDSHIP AND PHILANTHROPY FOR OUR COMMUNITY'S TREASURED PARKS AND RECREATION ASSETS FOR OUR RESIDENTS AND VISITORS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $200,579
Program Service Revenue $0
Investment Income $12,746
Other Revenue $0
TOTAL REVENUE $213,325

Expense Breakdown

Grants Paid $154,084
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $160,977
Other Expenses $25,274
TOTAL EXPENSES $179,358

Year-over-Year Comparison

2024 2023 Change
Revenue $213,325 $213,895 0.0%
Expenses $179,358 $500,429 -0.6%
Net Income $33,967 $-286,534 -1.1%
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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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
12

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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN LOWE CHAIR 5.00
Officer Director
$0 $0 $0
COLLEEN MONTGOMERY TREASURER 2.00
Officer Director
$0 $0 $0
PAUL ODE SECRETARY 2.00
Officer Director
$0 $0 $0
GORDON MACFARLAND DIRECTOR 1.00
Director
$0 $0 $0
LISA DENATALE DIRECTOR 1.00
Director
$0 $0 $0
BECKY HOLT DIRECTOR 1.00
Director
$0 $0 $0
JOE LARKIN DIRECTOR 1.00
Director
$0 $0 $0
KELLY KIMBALL DIRECTOR 1.00
Director
$0 $0 $0
HANS VAN WEES DIRECTOR 1.00
Director
$0 $0 $0
MEREDITH ACKEL DIRECTOR 1.00
Director
$0 $0 $0
ANNIE BOURDON DIRECTOR 1.00
Director
$0 $0 $0
MIKE KANARICK DIRECTOR 1.00
Director
$0 $0 $0
COLIN HILLIARD DIRECTOR 1.00
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
2025 $213,325 $179,358 $1,093,729 $33,967
2024 $213,895 $500,429 $1,060,814 $-286,534
2023 $139,468 $537,454 $1,346,296 $-397,986
2022 $22,779 $210,592 $1,744,282 $-187,813
2021 $557,451 $555,990 $1,944,739 $1,461
2020 $509,486 $89,934 $1,218,278 $419,552
2019 $531,952 $497,646 $798,726 $34,306
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