FRIENDS OF WILMINGTON PARKS

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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

1991

Legal Domicile

Principal Officer

LESLIE HUBBARD

Phone

3026563665

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF WILMINGTON PARKS, founded in 1991, is a small nonprofit in the Environment sector that reported $127K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $200K exceeded revenue, resulting in a 57% operating deficit.

Mission

FRIENDS OF WILMINGTON PARKS IS DEDICATED TO PROMOTE THE SENTITIVE RESTORATION OF PARKLAND AND BUILDINGS OF THE WILMINGTON STATE PARKS AND TO ADVOCATE PROGRAMS FOR PUBLIC ENRICHMENT.

Program Service Accomplishments

Program 1

Expenses: $159,702

FRIENDS OF WILMINGTON PARKS IS DEDICATED TO PROMOTE THE SENTITIVE RESTORATION OF PARKLAND AND BUILDINGS OF THE WILMINGTON STATE PARKS AND TO ADVOCATE PROGRAMS FOR PUBLIC ENRICHMENT.

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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 $124,376

Program Service Revenue $0

Investment Income $2,788

Other Revenue $0

TOTAL REVENUE $127,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,794

Fundraising Expenses $9,982

Program Expenses $159,702

Other Expenses $145,835

TOTAL EXPENSES $199,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,164	$194,460	-0.3%
Expenses	$199,629	$89,068	+1.2%
Net Income	$-72,465	$105,392	-1.7%

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

$45,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN ALLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLEN MUENTER	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA FILBECK	BOARD MEMBER	2.00	Director	$0	$0	$0
NATALIE EPHRAIM	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN FENNESSY	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH FRASER	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH FREUD	BOARD MEMBER	2.00	Director	$0	$0	$0
PHILLIP LIU	BOARD MEMBER	2.00	Director	$0	$0	$0
DAN SAMPEY	BOARD MEMBER	2.00	Director	$0	$0	$0
HERB INDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
LOGAN STURGILL	BOARD MEMBER	2.00	Director	$0	$0	$0
FERRIS HARMON	BOARD MEMBER	2.00	Director	$0	$0	$0
AIMEE GIBISON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE SCHARF	PRESIDENT	2.00	Officer	$0	$0	$0
KINSEY LENEHAN	SECRETARY	2.00	Officer	$0	$0	$0
SHERYL BLOWMAN	VICE PRESIDENT	2.00	Officer	$0	$0	$0
DAVE SORBER	TREASURER	2.00	Officer	$0	$0	$0
LESLIE HUBBARD	EXECUTIVE DIRECTOR	29.50	Officer	$45,000	$0	$45,000

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	$127,164	$199,629	$387,065	$-72,465
2024	$194,460	$89,068	$434,865	$105,392