PEOPLE FOR PARKS INC C/O CAREY & COMPANY PA

EIN: 571029113 501(c)(3) Recreation & Sports

HILTON HEAD ISLAND, SC

Total Revenue
$118,418
Total Expenses
$75,248
Total Assets
$538,758
Net Assets
$538,758
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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
SC
Principal Officer
FRANK SOULE
Phone
8436814430
Tax Period
2024-08-01 to 2025-07-31

PEOPLE FOR PARKS INC C/O CAREY & COMPANY PA, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $118K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $43K, a strong 36% operating margin.

Mission

TO FUND PUBLIC PARK DEVELOPMENT AND ENHANCEMENTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $105,782
Program Service Revenue $0
Investment Income $12,636
Other Revenue $0
TOTAL REVENUE $118,418

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $72,227
Other Expenses $75,248
TOTAL EXPENSES $75,248

Year-over-Year Comparison

2024 2023 Change
Revenue $118,418 $102,281 +0.2%
Expenses $75,248 $100,606 -0.3%
Net Income $43,170 $1,675 +24.8%
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

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Governance

Voting Members
N/A
Independent Members
N/A
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK CAREY TREASURER N/A
Officer Director
$0 $0 $0
FRANK SOULE PRESIDENT N/A
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 $118,418 $75,248 $538,758 $43,170
2024 $102,281 $100,606 $495,588 $1,675
2023 $96,121 $58,513 $499,004 $37,608
2022 $40,839 $35,961 $415,684 $4,878
2021 $129,299 $23,727 $410,860 $105,572
2020 $233,217 $101,219 $304,245 $131,998
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