THE PARKS SYSTEM TRUST FUND OF WHEELING

EIN: 556000663 501(c)(3)

WHEELING, WV

Total Revenue
$2,361,654
Total Expenses
$2,338,521
Total Assets
$21,650,277
Net Assets
$21,487,265
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
WV
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.

Program Service Accomplishments

Program 1
Expenses: $2,305,521 Revenue: $2,288,480

TO PROVIDE FOR THE CONTINUING EXISTENCE OF THE WHEELING PARK COMMISSION AND ITS OBJECTIVES OF MAINTAINING A PUBLIC PARK SYSTEM FOR THE BENEFIT OF THE GENERAL PUBLIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in West Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE PARKS SYSTEM TRUST FUND OF WHEELING with other nonprofits in West Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.