PLYMOUTH PARC INC (EIN 472597335) - 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

2015

Legal Domicile

Principal Officer

DONALD SOENEN

Phone

7344274090

Tax Period

2024-01-01 to 2024-12-31

PLYMOUTH PARC INC, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 3% surplus.

Mission

"PARC" (PLYMOUTH ARTS AND RECREATION COMPLEX) IS THE HOME OF NUMEROUS ARTS AND RECREATIONAL ACTIVITIES SERVING THE NEEDS OF THE PLYMOUTH COMMUNITY (BOTH CITY AND TOWNSHIP).

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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 (2024)

Revenue Breakdown

Contributions & Grants $146,659

Program Service Revenue $1,107,559

Investment Income $39,373

Other Revenue $12,663

TOTAL REVENUE $1,306,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $412,133

Fundraising Expenses $0

Program Expenses $1,063,204

Other Expenses $854,102

TOTAL EXPENSES $1,266,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,306,254	$1,156,754	+0.1%
Expenses	$1,266,235	$1,112,019	+0.1%
Net Income	$40,019	$44,735	-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

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
DONALD SOENEN	CHAIRMAN/PRE	5.00	Officer	$0	$0	$0
MARK MALCOLM	VICE PRESIDE	3.00	Officer	$0	$0	$0
STEVEN C WARD	CFO/TREASURE	2.00	Officer	$0	$0	$0
MICHAEL DEVINE	SECRETARY	1.00	Officer	$0	$0	$0
THEODORE BARKER	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
2024	$1,306,254	$1,266,235	$7,205,573	$40,019
2023	$1,156,754	$1,112,019	$7,189,577	$44,735
2022	$1,711,419	$665,273	$7,108,868	$1,046,146
2021	$2,632,045	$661,991	$6,044,831	$1,970,054
2021	$2,631,083	$686,454	$5,991,156	$1,944,629
2020	$1,602,637	$688,472	$3,967,859	$914,165
2020	$1,602,829	$660,414	$3,996,110	$942,415
2019	$1,102,468	$729,677	$3,010,930	$372,791
2018	$993,602	$735,186	$676,004	$258,416

PLYMOUTH PARC INC