Friends of Patterson Park 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

1998

Legal Domicile

Principal Officer

Jennifer Arndt-Robinson

Phone

4102763676

Tax Period

2023-01-01 to 2023-12-31

Friends of Patterson Park Inc, founded in 1998, is a small nonprofit in the Environment sector that reported $652K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 17% operating margin.

Mission

To preserve and promote Patterson Park.

Program Service Accomplishments

Program 1

Expenses: $373,383 Revenue: $8,040

To preserve, promote, and improve Patterson Park by supporting the Baltimore City Department of Recreation and Parks and park program activities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $607,691

Program Service Revenue $8,040

Investment Income $85

Other Revenue $36,096

TOTAL REVENUE $651,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,950

Fundraising Expenses $112,016

Program Expenses $373,383

Other Expenses $280,980

TOTAL EXPENSES $540,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$651,912	$504,442	+0.3%
Expenses	$540,930	$483,153	+0.1%
Net Income	$110,982	$21,289	+4.2%

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

417

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

$73,027

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Arndt-Robinson	Executive Dir.	40.00	Officer	$70,627	$2,400	$73,027
Stephen Gaede	Director	1.00	Director	$0	$0	$0
Gabriel Poole	Director	1.00	Director	$0	$0	$0
Nicholas D'Angelo	Director	1.00	Director	$0	$0	$0
Maura Dwyer	Director	1.00	Director	$0	$0	$0
Jimmy Edgerton	Director	1.00	Director	$0	$0	$0
Chris Mardekian	Director	1.00	Director	$0	$0	$0
Monica Guerrero Vazquez	Director	1.00	Director	$0	$0	$0
Malindi Lankatilleke	Director	2.00	Director	$0	$0	$0
Sarah Jackson	Director	2.00	Director	$0	$0	$0
Jeryl Cole Sr	Director	2.00	Director	$0	$0	$0
Ty Jackson-Cole	Director	2.00	Director	$0	$0	$0
Ted Walsh	President	2.50	Officer Director	$0	$0	$0
Chukwukpee Nzegwu	Secretary	1.50	Officer Director	$0	$0	$0
Kara Panowitz	Director	2.00	Director	$0	$0	$0
Cariema Wood	Treasurer	2.50	Officer Director	$0	$0	$0
Stacey Conrad	Director	2.00	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
2024	No data	No data	No data	No data
2023	$651,912	$540,930	$1,837,064	$110,982
2022	$504,442	$483,153	$1,389,545	$21,289
2021	$569,758	$392,409	$1,364,407	$177,349
2020	$785,721	$337,667	$1,709,850	$448,054
2019	$650,067	$354,783	$738,933	$295,284
2018	$478,989	$368,274	$471,320	$110,715