FRIENDS OF CONGRESS SQUARE PARK (EIN 463549049) - 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

CARL S RICHARDS

Phone

2078070081

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF CONGRESS SQUARE PARK, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $139K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $41K, a strong 30% operating margin.

Mission

THE FRIENDS OF CONGRESS SQUARE PARK IS A COMMUNITY NON-PROFIT ORGANIZATION DEDICATED TO THE PRESERVATION, ENHANCEMENT AND USE OF CONGREE SQUARE PARK, A CENTRAL PART OF THE PORTLAND PARK SYSTEM. WE ARE DEDICATED TO THE ARTS, PUBLIC ACCESS AND COMMUNITY INVOLVEMENT IN CONGRESS SQUARE PARK AS A MEANS TO ENHANCE THE LIVABILITY AND ECONOMIC POTENTIAL OF DOWNTOWN PORTLAND.

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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 $138,927

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $138,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,865

Fundraising Expenses $6,872

Program Expenses $76,872

Other Expenses $42,573

TOTAL EXPENSES $97,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138,927	$238,027	-0.4%
Expenses	$97,901	$99,184	0.0%
Net Income	$41,026	$138,843	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LACASSE	CHAIRMAN	N/A	Director	$0	$0	$0
BRIAN TOWNSEND	DIRECTOR	N/A	Director	$0	$0	$0
CARY TYSON	DIRECTOR	N/A	Director	$0	$0	$0
ROBYN TOWLE	DIRECTOR	N/A	Director	$0	$0	$0
ADAM DALEY WILSON	DIRECTOR	N/A	Director	$0	$0	$0
KAYLYN O'BRIEN	VICE PRESIDENT	N/A	Officer	$0	$0	$0
REID HAYTON-HULL	SECRETARY	N/A	Officer	$0	$0	$0
ANNY FENTON	PRESIDENT	N/A	Officer	$0	$0	$0
STEVE RICHARDS	TREASURER	N/A	Officer	$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	$138,927	$97,901	$504,073	$41,026
2022	$238,027	$99,184	$463,047	$138,843
2021	$332,794	$144,200	$324,204	$188,594

FRIENDS OF CONGRESS SQUARE PARK