PARTNERS FOR PARKS INC (EIN 562004107) - 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

1996

Legal Domicile

Principal Officer

Al Brown

Phone

7049055546

Tax Period

2024-01-01 to 2024-12-31

PARTNERS FOR PARKS INC, founded in 1996, is a small nonprofit in the Recreation & Sports sector that reported $193K in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $71K, a strong 37% operating margin.

Mission

Partners for Parks is a support foundation for Parks, Greenways, Recreation Centers, Nature Centers, Open Space and recreation in neighborhoods throughout Charlotte, Mecklenburg County and the surrounding Region.

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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 $118,834

Program Service Revenue $0

Investment Income $73,764

Other Revenue $0

TOTAL REVENUE $192,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,250

Other Expenses $121,146

TOTAL EXPENSES $121,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,598	$958,344	-0.8%
Expenses	$121,146	$216,768	-0.4%
Net Income	$71,452	$741,576	-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

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
Greg Austin	Director	1	Director	$0	$0	$0
Lorna Allen	Director	4.00	Director	$0	$0	$0
James Derrick	Director	4.00	Director	$0	$0	$0
Christy Churchill	Director	2.00	Director	$0	$0	$0
Alicia Rocco	Director	4.00	Director	$0	$0	$0
Brian Bennett	Director	2.00	Director	$0	$0	$0
Rachel Orn	Director	5.00	Director	$0	$0	$0
Beth Poovey	President	15	Officer	$0	$0	$0
Emily Condon	Secretary	10	Officer	$0	$0	$0
Al Brown	Treasurer	20	Officer	$0	$0	$0
Alvin Woods	Assistant Treasurer	4.00	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	$192,598	$121,146	$1,435,338	$71,452
2023	$958,344	$216,768	$1,363,886	$741,576
2022	$183,444	$94,003	$4,809,157	$89,441
2021	$155,752	$61,633	$4,719,716	$94,119
2020	$103,555	$87,884	$4,625,597	$15,671

PARTNERS FOR PARKS INC