LURAY PARK ASSOCIATION

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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

1918

Legal Domicile

Principal Officer

LOWELL B BAUGHAN

Phone

5407436493

Tax Period

2023-01-01 to 2023-12-31

LURAY PARK ASSOCIATION, founded in 1918, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $33K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12K, a strong 36% operating margin.

Mission

TO ESTABLISH PROVIDE, AND MAINTAIN: PUBLIC PARKS, CULTURAL FACILITIES, RECREATIONAL FACILITIES FOR THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $16,044

SUPPORTED CARILLON OF 47 BELLS FOR THE BENEFIT OF THE COMMUNITY AND PROVIDED A VENUE FOR THE LOCAL CENTER FOR PERFORMING ARTS.

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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 $20,000

Program Service Revenue $0

Investment Income $10,518

Other Revenue $2,412

TOTAL REVENUE $32,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,044

Other Expenses $21,057

TOTAL EXPENSES $21,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,930	$17,460	+0.9%
Expenses	$21,057	$24,593	-0.1%
Net Income	$11,873	$-7,133	-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

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
JERRY DOFFLEMYER	DIRECTOR	3.00	Director	$0	$0	$0
BRAD HOLSINGER	DIRECTOR	3.00	Director	$0	$0	$0
LOWELL B BAUGHAN	PRESIDENT	3.00	Officer	$0	$0	$0
SUSAN S DEES	TREASURER	3.00	Officer	$0	$0	$0
JOHN H GRAVES	SECRETARY	3.00	Officer	$0	$0	$0
W DALE HOUFF	VICE PRESIDE	3.00	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
2024	No data	No data	No data	No data
2023	$32,930	$21,057	$653,809	$11,873
2022	$17,460	$24,593	$650,991	$-7,133
2021	$15,004	$14,754	$633,823	$250
2020	$-8,388	$7,395	$633,573	$-15,783
2019	$25,900	$26,211	$656,830	$-311
2018	$40,367	$25,001	$664,367	$15,366