FRIENDS OF THE VALDESE REC INC (EIN 473614341) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

BETH HEILE

Phone

8283906870

Tax Period

2024-04-01 to 2025-03-31

FRIENDS OF THE VALDESE REC INC, founded in 2016, is a micro nonprofit in the Recreation & Sports sector that reported $86K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $315K exceeded revenue, resulting in a 267% operating deficit.

Mission

OUR MAJOR FOCUS HAS BEEN FUNDRAISING FOR VALDESE LAKESIDE PARK FOR THE CONSTRUCTION OF PHASE 1 AMENITIES AND A BRIDGE ACROSS MCGALLARD FALLS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $85,918

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $85,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $10

Program Expenses $310,409

Other Expenses $315,197

TOTAL EXPENSES $315,197

Year-over-Year Comparison

	2024	2023	Change
Revenue	$85,918	$267,003	-0.7%
Expenses	$315,197	$127,311	+1.5%
Net Income	$-229,279	$139,692	-2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
BETH HEILE	PRESIDENT	10.00	Officer Director	$0	$0	$0
SPENCE BORDEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DON BRITTAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
QUEZ LITTLE	TREASURER	1.00	Officer Director	$0	$0	$0
GAVIN SMITH	MEMBERS AT LARGE	1.00	Officer	$0	$0	$0
VAL SCOTT	MEMBERS AT LARGE	1.00	Officer	$0	$0	$0
KEVIN FARRIS	MEMBERS AT LARGE	1.00	Officer	$0	$0	$0
ZAKK HEILE	MEDIA SPECIALIST	1.00	Officer	$0	$0	$0
ROY ASHKENAZ	MEMBERS AT LARGE	1.00	Officer	$0	$0	$0
ROY SWEEZY	MEMBERS AT LARGE	1.00	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
2025	$85,918	$315,197	$134,291	$-229,279
2024	$267,003	$127,311	$363,570	$139,692
2023	$426,860	$307,380	$249,823	$119,480

FRIENDS OF THE VALDESE REC INC