MONTGOMERY COUNTY PARKS FOUNDATION INC

EIN: 521788782 501(c)(3) Philanthropy & Grantmaking

WHEATON, MD

Total Revenue
$803,001
Total Expenses
$847,482
Total Assets
$2,362,958
Net Assets
$2,297,851
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MD
Principal Officer
KATIE RICTOR
Phone
3014952490
Tax Period
2024-01-01 to 2024-12-31

MONTGOMERY COUNTY PARKS FOUNDATION INC, founded in 1992, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $803K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Net assets of $2.3M represent 34 months of operating reserves.

Mission

TO LESSEN THE BURDENS OF GOVERNMENT WHILE SERVING AND PROVIDING FACILITIES FOR THE RESIDENTS OF MONTGOMERY COUNTY, MARYLAND BY USING PRIVATE FUNDING SOURCES TO PROMOTE AND ADVANCE THE ACQUISITION, PROTECTION, USE AND DEVELOPMENT OF PARK LAND LOCATED IN MONTGOMERY COUNTY, MARYLAND AND OWNED/OR OPERATED BY M-NCPPC (THE "MONTGOMERY PARK SYSTEM")

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $707,299
Program Service Revenue $0
Investment Income $95,702
Other Revenue $0
TOTAL REVENUE $803,001

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,382
Fundraising Expenses $43,185
Program Expenses $761,277
Other Expenses $804,100
TOTAL EXPENSES $847,482

Year-over-Year Comparison

2024 2023 Change
Revenue $803,001 $650,089 +0.2%
Expenses $847,482 $436,620 +0.9%
Net Income $-44,481 $213,469 -1.2%
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

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
11

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
5
$161,119
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLARA LOVETT SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN ROBINSON TREASURER 1.00
Officer Director
$0 $0 $0
MARYE WELLS-HARLEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RHONDA CUNNINGHAM HOLMES AT LARGE 1.00
Director
$0 $0 $0
DEVIN ELLIS PRESIDENT 1.00
Officer Director
$0 $0 $0
TRISH HEFFELFINGER AT LARGE 1.00
Director
$0 $0 $0
JANE HOULIHAN AT LARGE 1.00
Director
$0 $0 $0
CATHERINE MATTHEWS AT LARGE 1.00
Director
$0 $0 $0
SCOTT GOLDBERG AT LARGE 1.00
Director
$0 $0 $0
ALISON GILLESPIE AT LARGE 1.00
Director
$0 $0 $0
KATIE RICTOR EXECUTIVE DIRECTOR 37.50
Officer
$3,676 $27,029 $161,119
JACLYN RIEDEL CORP SPONSORSHIP MANAGER 37.50
Highest
$20,766 $15,782 $137,487
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 $803,001 $847,482 $2,362,958 $-44,481
2023 $650,089 $436,620 $2,379,640 $213,469
2022 $648,544 $411,165 $2,125,662 $237,379
2021 $805,813 $416,215 $1,876,149 $389,598
2020 $665,320 $305,916 $1,486,144 $359,404
2019 $721,149 $566,401 $1,116,675 $154,748
2018 $779,119 $1,124,747 $959,572 $-345,628
Explore More Nonprofits
Top 100 Nonprofits in Maryland Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MONTGOMERY COUNTY PARKS FOUNDATION INC with other nonprofits in Maryland and across the country.