PARKTACULAR INCORPORATED

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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

1995

Legal Domicile

Principal Officer

MAGGIE MYERS

Phone

6123847305

Tax Period

2019-08-01 to 2020-07-31

PARKTACULAR INCORPORATED, founded in 1995, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $9K in total revenue in fiscal year 2019. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $20K exceeded revenue, resulting in a 115% operating deficit.

Mission

THE MISSION OF THE PARKTACULAR FESTIVAL IS TO PROVIDE ST. LOUIS PARK WITH AN EVENT THAT BRINGS TOGETHER LOCAL BUSINESSES AND CITIZENS OF ALL AGES TO ENCOURAGE A SPIRIT OF PRIDE, A SENSE OF COMMUNITY AND AN ATMOSPHERE OF CELEBRATION FOR ALL RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $10,207

THE PARKTACULAR FESTIVAL TYPICALLY PROVIDES ST. LOUIS PARK, MN WITH A EVENT THAT BRINGS TOGETHER LOCAL BUSINESSES AND CITIZENS OF ALL AGES TO CELEBRATE COMMUNITY PRIDE. THE EVENT SCHEDULED WITHIN THE FISCAL YEAR ENDED JULY 31, 2020 WAS CANCELLED DUE TO THE COVID 19 PANDEMIC - ALTHOUGH EXPENSES HAD BEEN INCURRED IN THE PLANNING OF THE EVENT PRIOR TO ITS CANCELLATIONS. THE EVENT WAS TO INCLUDE THE GRAND DAY PARADE, A CONCERT AT ST. LOUIS PARK'S ROC, A SENIOR DINNER, A SPLASH INTO SUMMER EVENT AT THE SLP POOL, PARKTACULAR EXPO, FOOD TRUCKS, INFLATABLES AND ATTRACTIONS, KIDTACULAR FISHING CLINIC AND KIDS ACTIVITIES, ETC. THE FESTIVAL IS MADE POSSIBLE THROUGH SPONSORS, IN KIND DONATIONS, PROCEEDS FROM BUTTON SALES AND THE DEDICATED VOLUNTEERS ON THE BOARD, PLANNING COMMITTEE AND ON FESTIVAL WEEKEND.

Program 2

Expenses: $2,688

THE ST. LOUIS PARK PARKTACULAR AMBASSADORS PROGRAM REPRESENTS THE SLP COMMUNITY AND BEYOND THE PARKTACULAR FESTIVAL THROUGH ACTION IN COMMUNITY SERVICE, PARTICIPATION IN PARADES AND SUPPORTING OTHER COMMUNITIES AT THEIR FESTIVALS. WE BELIEVE THAT OUR AMBASSADORS ARE PUBLIC SERVANTS THAT SHOWCASE ST. LOUIS PARK AS A PLACE WHERE ALL AGES, RELIGIONS, AND ETHNICITIES CAN LIVE, LEARN AND PARTICIPATE IN A STRONG COMMUNITY. THE AMBASSADORS LEARN TO BE COMFORTABLE WITH PUBLIC SPEAKING AND LEARN RELATIONSHIP-BUILDING SKILLS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $9,405

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $9,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14

Program Expenses $12,895

Other Expenses $20,189

TOTAL EXPENSES $20,189

Year-over-Year Comparison

	2019	2018	Change
Revenue	$9,407	$23,833	-0.6%
Expenses	$20,189	$12,827	+0.6%
Net Income	$-10,782	$11,006	-2.0%

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
TERRI KANE	BOARD MEMBER	0.92	Director	$0	$0	$0
LISA LOVELESS	BOARD MEMBER	0.92	Director	$0	$0	$0
MAGGIE MYERS	BOARD MEMBER	0.92	Director	$0	$0	$0
AMY SUNDEM	PRESIDENT	1.92	Officer Director	$0	$0	$0
KATHY SPENCE-JOHNSON	SECRETARY	1.92	Officer Director	$0	$0	$0
KATE MACDONALD	TREASURER	1.92	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
2020	$9,407	$20,189	$13,446	$-10,782
2020	$6,108	$20,189	$13,446	$-14,081
2019	$23,833	$12,827	$18,572	$11,006
2018	$26,045	$15,522	$5,522	$10,523