ALLEGHENY COUNTY PARKS FOUNDATION

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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

2007

Principal Officer

MICHAEL TOMERA

Phone

7243277627

Tax Period

2024-01-01 to 2024-12-31

ALLEGHENY COUNTY PARKS FOUNDATION, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE ALLEGHENY COUNTY PARKS FOUNDATION STRENGTHENS THE HEALTH AND VIBRANCY OF OUR COMMUNITY BY IMPROVING, CONSERVING AND RESTORING THE NINE ALLEGHENY COUNTY PARKS. WORKING IN PARTNERSHIP WITH (CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $854,892

THE ALLEGHENY COUNTY PARKS FOUNDATION RECENTLY COMPLETED A VARIETY OF PROJECTS IN THE NINE ALLEGHENY COUNTY PARKS, IN PARTNERSHIP WITH ALLEGHENY COUNTY. THESE INCLUDE THE CLOSE OUT OF THE RESTORATION OF THE CASCADES IN SOUTH PARK AND THE COMPLETION OF PINKERTONS RUN ABANDONED MINE DRAINAGE AND STREAMBANK STABILIZATION PROJECT (PHASE 1). WE ALSO COMPLETED A MAJOR FEASIBILITY STUDY TO CONNECT SOUTH AND WHITE OAK PARKS WITH A 23-MILE TRAIL, ENGAGING SIX COMMUNITIES THROUGH PUBLIC MEETINGS AND SURVEYS TO ENSURE THE PLAN MET LOCAL NEEDS. THE STUDY NOW SERVES AS A BLUEPRINT FOR FUTURE TRAIL DEVELOPMENT AND FUNDRAISING. ADDITIONAL CONSERVATION EFFORTS INCLUDED THE COMPLETION OF THE DEER LAKES PARK ECOLOGICAL ASSESSMENT AND ACTION PLAN, (CONTINUED ON SCHEDULE O)

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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 $1,551,892

Program Service Revenue $0

Investment Income $25,385

Other Revenue $-209,682

TOTAL REVENUE $1,367,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $775,630

Fundraising Expenses $280,501

Program Expenses $854,892

Other Expenses $891,725

TOTAL EXPENSES $1,677,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,367,595	$2,705,527	-0.5%
Expenses	$1,677,753	$1,447,450	+0.2%
Net Income	$-310,158	$1,258,077	-1.2%

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

175

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

$132,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEY-LINN ULRICH	EXECUTIVE DI	35.00	Officer	$130,000	$2,600	$132,600
RONALD SCHIPANI	PROJECT DIRE	35.00	Highest	$115,013	$2,300	$117,313
RICH FITZGERALD LEFT 12024	BOARD MEMBER	0.20	Director	$0	$0	$0
SARA INNAMORATO JOINED 12024	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPER CARSON LEFT 122024	VICE CHAIR	0.20	Officer Director	$0	$0	$0
MORGAN O'BRIEN LEFT 32024	BOARD MEMBER	0.20	Director	$0	$0	$0
DAVID SHORT LEFT 92024	BOARD MEMBER	0.50	Director	$0	$0	$0
LESLIE HYDE JOINED 92024	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS ARMSTRONG	BOARD MEMBER	0.20	Director	$0	$0	$0
ELLEN STILL BROOKS	BOARD MEMBER	0.20	Director	$0	$0	$0
G REYNOLDS CLARK	BOARD MEMBER	0.20	Director	$0	$0	$0
MARIS BONDI DAUER	SECRETARY	2.00	Officer Director	$0	$0	$0
KAREN WOLK FEINSTEIN	BOARD MEMBER	0.20	Director	$0	$0	$0
PAT GETTY	BOARD MEMBER	2.00	Director	$0	$0	$0
SEAN GRAY	BOARD MEMBER	0.50	Director	$0	$0	$0
DUANE HOLLOWAY	BOARD MEMBER	0.20	Director	$0	$0	$0
CHESTER BABST III	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
CHARLES TORAN JR	BOARD MEMBER	0.20	Director	$0	$0	$0
JOHN MASCARO JR	BOARD MEMBER	0.20	Director	$0	$0	$0
LAURA SHAPIRA KARET	BOARD MEMBER	0.50	Director	$0	$0	$0
JONATHAN KERSTING	BOARD MEMBER	0.20	Director	$0	$0	$0
EMILY T LEWIS	BOARD MEMBER	0.20	Director	$0	$0	$0
SALLY MCCRADY	BOARD MEMBER	0.20	Director	$0	$0	$0
JOSEPH MILCOFF	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES MITNICK	BOARD MEMBER	0.50	Director	$0	$0	$0
KIT MUELLER	BOARD MEMBER	0.20	Director	$0	$0	$0
DANIEL ONORATO	BOARD MEMBER	0.20	Director	$0	$0	$0
ANITA PRIZIO	BOARD MEMBER	0.20	Director	$0	$0	$0
ALICE SNYDER	BOARD MEMBER	0.20	Director	$0	$0	$0
MICHAEL TOMERA	BOARD CHAIR	0.50	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	$1,367,595	$1,677,753	$4,777,769	$-310,158
2023	$2,705,527	$1,447,450	$5,249,752	$1,258,077
2022	$2,610,960	$1,923,540	$3,771,920	$687,420
2021	$1,746,194	$1,376,020	$3,064,851	$370,174
2020	$1,594,611	$1,328,940	$2,798,578	$265,671
2019	$1,598,279	$1,479,739	$2,598,971	$118,540
2018	$2,056,143	$1,019,356	$2,396,965	$1,036,787