PLYMOUTH PARC 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

2015

Legal Domicile

Principal Officer

DONALD SOENEN

Phone

7344274090

Tax Period

2025-01-01 to 2025-12-31

PLYMOUTH PARC INC, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year. Net assets of $7.1M represent 69 months of operating reserves.

Mission

PARC'S MISSION IS TO PROVIDE FACILITIES FOR LOCAL ARTS AND RECREATION ORGANIZATIONS TO OFFER PROGRAMS, EDUCATION, TRAINING, AND PERFORMANCES FOR THE RESIDENTS OF THE PLYMOUTH COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,049,416 Revenue: $1,184,466

PARC FACILITATES COMMUNITY ENRICHMENT FOR LOCAL ARTS AND RECREATION ORGANIZATIONS TO CONDUCT PROGRAMS FOR RESIDENTS (E.G., YOUTH DANCE, POTTERY, VISUAL ARTS, BASKETBALL, MUSIC LESSONS, YOUTH THEATER, YOUTH FOOTBALL, CULINARY ARTS, AND TENNIS) FOR THE COMMUNITY. WITHOUT PARC, MANY OF THESE OFFERINGS WOULD BE SCATTERED ACROSS VARIOUS COMMUNITIES, MORE COSTLY, AND LESS EFFECTIVE IN PROVIDING ENRICHED OPPORTUNITIES FOR THE CITIZENS TO LEARN, EXPLORE, AND GROW.

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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 (2025)

Revenue Breakdown

Contributions & Grants $39,399

Program Service Revenue $1,184,466

Investment Income $11,084

Other Revenue $0

TOTAL REVENUE $1,234,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $433,535

Fundraising Expenses $0

Program Expenses $1,049,416

Other Expenses $825,561

TOTAL EXPENSES $1,259,096

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,234,949	$1,306,254	-0.1%
Expenses	$1,259,096	$1,266,235	0.0%
Net Income	$-24,147	$40,019	-1.6%

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	N/A	Officer	$0	$0	$0
MARK MALCOLM	VICE PRESIDE	N/A	Officer	$0	$0	$0
STEVEN C WARD	CFO/TREASURE	N/A	Officer	$0	$0	$0
MICHAEL DEVINE	SECRETARY	N/A	Officer	$0	$0	$0
THEODORE BARKER	DIRECTOR	N/A	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	$1,234,949	$1,259,096	$7,172,388	$-24,147
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