PARK Foundation Inc (EIN 582139088) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

Walter E Hussman Jr

Phone

5015625223

Tax Period

2023-01-01 to 2023-12-31

PARK FOUNDATION INC, founded in 1993, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2018. Expenses of $1.1M left a modest 11% surplus.

Mission

Established to solicit funds and support for Positive Atmosphere Reaches Kids, Inc. ("P.A.R.K., Inc.") another 501(c)(3) tax extempt organization. Donations received will be submitted to P.A.R.K., Inc. as requested.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,152,276

Program Service Revenue $0

Investment Income $761,105

Other Revenue $0

TOTAL REVENUE $1,913,381

Expense Breakdown

Grants Paid $1,347,729

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,492,579

Other Expenses $204,092

TOTAL EXPENSES $1,551,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,913,381	$2,437,590	-0.2%
Expenses	$1,551,821	$1,672,357	-0.1%
Net Income	$361,560	$765,233	-0.5%

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

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

$123,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Jackson	Executive Dir.	40.00	Officer	$0	$0	$123,600
Gus Blass III	Director	1.00	Director	$0	$0	$0
Dabbs Cavin	Director	1.00	Director	$0	$0	$0
Dr Todd Stewart	Director	1.00	Director	$0	$0	$0
Jeff Johnson	Director	1.00	Director	$0	$0	$0
Jeff Fox	Director	1.00	Director	$0	$0	$0
William Bill Cravens Emeritus	Director	1.00	Director	$0	$0	$0
Walter E Hussman Jr	President	1.00	Officer Director	$0	$0	$0
Jay Heflin	Director	1.00	Director	$0	$0	$0
Bud Whestone	Director	1.00	Director	$0	$0	$0
Merrit P Dyke	Director	1.00	Director	$0	$0	$0
Matt Duncan	Secretary	1.00	Officer Director	$0	$0	$0
Andrew Turner Emeritus	Director	1.00	Director	$0	$0	$0
Honorable Mark Leverett	Director	1.00	Director	$0	$0	$0
George Cress	Director	1.00	Director	$0	$0	$0
Ty Warren	Executive Dir.	1.00	Director	$0	$0	$0
Russ McDonough III	Director	1.00	Director	$0	$0	$0
Chris Ligon	Director	1.00	Director	$0	$0	$0
Beatrice Jackson	Director	1.00	Director	$0	$0	$0
Dora Jane Flesher	Controller	10.00	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	No data	No data	No data	No data
2023	$1,913,381	$1,551,821	$19,497,964	$361,560
2022	$2,437,590	$1,672,357	$17,983,533	$765,233
2021	$2,279,307	$1,083,799	$19,400,497	$1,195,508
2020	$2,083,755	$1,061,667	$17,060,905	$1,022,088
2019	$1,740,047	$1,290,287	$15,573,462	$449,760
2018	$1,232,686	$1,103,228	$13,274,504	$129,458

PARK Foundation Inc