THE PARKS SYSTEM TRUST FUND OF WHEELING (EIN 556000663) - 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

1945

Legal Domicile

Principal Officer

KARL RADAKER

Phone

3042434011

Tax Period

2024-01-01 to 2024-12-31

THE PARKS SYSTEM TRUST FUND OF WHEELING, founded in 1945, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Net assets of $21.5M represent 109 months of operating reserves.

Mission

TO SUPPORT THE PUBLIC PARKS OF WHEELING, OHIO COUNTY, WEST VIRGINIA.

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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 $73,174

Program Service Revenue $0

Investment Income $1,337,149

Other Revenue $951,331

TOTAL REVENUE $2,361,654

Expense Breakdown

Grants Paid $2,228,877

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,305,521

Other Expenses $109,644

TOTAL EXPENSES $2,338,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,361,654	$1,647,678	+0.4%
Expenses	$2,338,521	$1,200,147	+0.9%
Net Income	$23,133	$447,531	-0.9%

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
R GREGORY MCDERMOTT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOAN C STAMP	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID H MCKINLEY	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
GENE FAHEY	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN SEIBERT	DIRECTOR	1.00	Director	$0	$0	$0
BOB PECKENPAUGH	PRESIDENT & CEO	1.00	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
2025	No data	No data	No data	No data
2024	$2,361,654	$2,338,521	$21,650,277	$23,133
2023	$1,647,678	$1,200,147	$20,616,795	$447,531
2022	$1,149,663	$1,940,660	$18,140,801	$-790,997
2021	$3,155,007	$1,628,212	$22,910,458	$1,526,795
2020	$2,212,245	$1,036,097	$21,084,740	$1,176,148
2019	$1,256,858	$1,250,735	$18,306,338	$6,123
2018	$1,287,940	$1,049,932	$15,812,878	$238,008

THE PARKS SYSTEM TRUST FUND OF WHEELING