Virginia Recreation & Park Society (EIN 541143230) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

Bailey Kasten

Phone

8047309447

Tax Period

2024-01-01 to 2024-12-31

Virginia Recreation & Park Society, founded in 1958, is a small nonprofit that reported $612K in total revenue in fiscal year 2018. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $581K left a modest 5% surplus.

Mission

To uniteall professionals, students and other interested lay persons engaged in the field of recreation, parks and other leisure services in the Commonwelath of Virginia.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $98,780

Program Service Revenue $440,321

Investment Income $7,085

Other Revenue $43,725

TOTAL REVENUE $589,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,525

Fundraising Expenses $0

Program Expenses $341,248

Other Expenses $280,184

TOTAL EXPENSES $496,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$589,911	$499,759	+0.2%
Expenses	$496,709	$394,772	+0.3%
Net Income	$93,202	$104,987	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Justin Bullock	Board Member	002.00	Officer Director Key Emp Highest	$0	$0	$0
Tabitha Martinez	President	002.00	Director	$0	$0	$0
Michael Clark	Vice President	002.00	Director	$0	$0	$0
AJ McCage	Board Member	002.00	Director	$0	$0	$0
Kat Fish	Board Member	002.00	Director	$0	$0	$0
Steve Torpy	Treasurer	002.00	Director	$0	$0	$0
Matt Spruill	Board Member	002.00	Director	$0	$0	$0
Amanda Walker	Lay Member	002.00	Director	$0	$0	$0
Bailey Kasten	Executive director	040.00	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	$589,911	$496,709	$825,569	$93,202
2023	$499,759	$394,772	$786,230	$104,987
2022	$522,392	$395,773	$646,613	$126,619
2021	$501,078	$283,600	$542,231	$217,478
2020	$318,633	$400,515	$366,860	$-81,882
2019	$595,310	$616,766	$471,091	$-21,456
2018	$612,019	$581,392	$496,143	$30,627

Virginia Recreation & Park Society