FRIENDS OF WOOSTER MEMORIAL PARK (EIN 522294980) - 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

Formation Year

1997

Legal Domicile

Principal Officer

Shelley Schrier

Phone

3304660635

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF WOOSTER MEMORIAL PARK, founded in 1997, is a micro nonprofit in the Recreation & Sports sector that reported $21K in total revenue in fiscal year 2024. Revenue surged 105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7K, a strong 32% operating margin.

Mission

ADVOCTE FOR THE WOOOSTER MEMORIAL PARK IN THE CARE & IMPROVEMENT OF THE PARK, MAINTAINING ITS NATURAL CHARACTER, EXPAND PUBLIC AWARENESS AND APPRECIATION, INCREASE KNOWLEDGE OF THE NATURAL HISTORY AND ENCOURAGE FINACIAL SUPPORT.

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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 $20,112

Program Service Revenue $0

Investment Income $847

Other Revenue $0

TOTAL REVENUE $20,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,380

Other Expenses $14,253

TOTAL EXPENSES $14,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,959	$10,216	+1.1%
Expenses	$14,253	$8,407	+0.7%
Net Income	$6,706	$1,809	+2.7%

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

N/A

Volunteers

110

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
SHELLEY SCHRIER	DIRECTOR	2.00	Director	$0	$0	$0
EDITH SWANK	SECRETARY	5.00	Officer Director	$0	$0	$0
KEN SHAFER	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE HERMS	PRESIDENT	5.00	Officer Director	$0	$0	$0
NIKLAS MANZ	TREASURER	5.00	Officer Director	$0	$0	$0
CHRIS CIHA	DIRECTOR	2.00	Director	$0	$0	$0
Rick Lehtinen	VP	2.00	Officer 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	$20,959	$14,253	$1,306,028	$6,706
2023	$10,216	$8,407	$1,299,073	$1,809
2022	$571,059	$4,115	$1,297,264	$566,944
2020	$6,129	$5,366	$732,367	$763
2019	$10,833	$9,008	$731,604	$1,825
2018	$78,425	$13,698	$744,779	$64,727

FRIENDS OF WOOSTER MEMORIAL PARK