PARKHURST FIELD FOUNDATION INC

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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

2014

Legal Domicile

Phone

5184619250

Tax Period

2021-01-01 to 2021-12-31

PARKHURST FIELD FOUNDATION INC, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $400K in total revenue in fiscal year 2021. Revenue surged 1284% from the prior year, signaling strong growth momentum. The organization ran a surplus of $387K, a strong 97% operating margin.

Mission

Our mission is to chronicle the Parkhurst Field and it's rich history dating back to it's opening in 1906 promote its historic significance through media and events attain grants and donations to fund the revitalization and preservation of the park's infrastructure to ensure it's sustainability. We strive to create a destination and economic driver for the local community and serve as a success model for other communities to preserve their athletic parks.

Program Service Accomplishments

Program 1

Expenses: $30,376 Revenue: $390,000

Phase One: New Grandstand Premier Field & Concession Stand. 2022 was focused on Engineering Expenses CT Male; ordering of Grandstands and site work as outlined in Phase 1 as noted below: Construction of New Grandstands the Premier Field and Concession Stand. The largest construction on Parkhurst Field involves the front of the facility facing Harrison Street and the space where the original A,J&G grandstands and ballpark was located. 98% of the 2021 Revenue was received in 4th Quarter 2021. This will now allow Phase 1 of the project to begin the Spring 2022 as the season warms up and the fields can now be worked on.

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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 (2021)

Revenue Breakdown

Contributions & Grants $398,869

Program Service Revenue $0

Investment Income $0

Other Revenue $910

TOTAL REVENUE $399,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,376

Other Expenses $2,293

TOTAL EXPENSES $12,293

Year-over-Year Comparison

	2021	2020	Change
Revenue	$399,779	$28,880	+12.8%
Expenses	$12,293	$22,827	-0.5%
Net Income	$387,486	$6,053	+63.0%

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
David Karpinski	Executive Director	0.00	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
2021	$399,779	$12,293	$430,072	$387,486