THE MARION PARKS & RECREATION (EIN 500006308) - 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

Legal Domicile

Principal Officer

KATIE LOWE LANCASTER

Phone

3193774846

Tax Period

2025-01-01 to 2025-12-31

THE MARION PARKS & RECREATION is a small nonprofit in the Recreation & Sports sector that reported $217K in total revenue in fiscal year 2025. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $636K exceeded revenue, resulting in a 193% operating deficit.

Mission

RAISE FUNDS TO DEVELOP PARKS AND RECREATION FACILITIES WITHIN THE CITY OF MARION IA

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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 $215,828

Program Service Revenue $0

Investment Income $874

Other Revenue $0

TOTAL REVENUE $216,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $635,302

Other Expenses $635,752

TOTAL EXPENSES $635,752

Year-over-Year Comparison

	2025	2024	Change
Revenue	$216,702	$417,722	-0.5%
Expenses	$635,752	$6,596	+95.4%
Net Income	$-419,050	$411,126	-2.0%

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

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
ARVIND DANDEKAR	SECRETARY	N/A	Officer Director	$0	$0	$0
VICTOR KLOPFENSTEIN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KATIE LOWE LANCASTER	PRESIDENT	N/A	Officer Director	$0	$0	$0
SETH STAASHELM	EX OFFICIO	N/A	Director	$0	$0	$0
TIM HIGGINBOTHAM	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
2025	$216,702	$635,752	$229,606	$-419,050
2024	No data	No data	No data	No data
2023	$218,440	$3,595	$237,530	$214,845
2022	$4,375	$7,191	$22,685	$-2,816
2021	$10,219	$6,682	$25,501	$3,537
2020	$10,322	$9,104	$21,964	$1,218
2019	$27,365	$70,192	$20,746	$-42,827
2018	$28,537	$2,221	$63,573	$26,316

THE MARION PARKS & RECREATION