DURHAM CENTRAL PARK (EIN 582222977) - 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

1995

Legal Domicile

Principal Officer

MICHAEL SHIFLETT

Phone

9197948194

Tax Period

2024-01-01 to 2024-12-31

DURHAM CENTRAL PARK, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $378K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 20% operating margin.

Mission

DURHAM CENTRAL PARK IS AN EXCITING DOWNTOWN DESTINATION THAT OFFERS A VENUE FOR CULTURAL ACTIVITIES AND IS PART OF A 24-HOUR, AUTHENTIC, WALKABLE, NEIGHBORHOOD FOR ARTS, RECREATION AND LOCALLY OWNED BUSINESSES.

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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 $239,698

Program Service Revenue $69,494

Investment Income $8,820

Other Revenue $59,552

TOTAL REVENUE $377,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,708

Fundraising Expenses $18,362

Program Expenses $250,102

Other Expenses $180,729

TOTAL EXPENSES $302,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,564	$278,617	+0.4%
Expenses	$302,437	$304,160	0.0%
Net Income	$75,127	$-25,543	-3.9%

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

Volunteers

200

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

$86,377

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN KAUFFMAN	Executive Dir.	40.00	Officer	$70,777	$15,600	$86,377
ALLIE JAARSMA	President	2.00	Officer Director	$0	$0	$0
NIL GHOSH	Vice President	1.00	Officer Director	$0	$0	$0
MIKE SHIFLETT	Treasurer	3.00	Officer Director	$0	$0	$0
KHARMIKA TILLERY ALSTON	Director	1.00	Officer Director	$0	$0	$0
MARTHA ARANGO LOPEZ DE MESA	Director	1.00	Director	$0	$0	$0
HELENA CRAGG	Director	1.00	Director	$0	$0	$0
CONNELL SMALLWOOD	Director	1.00	Director	$0	$0	$0
CHANTAL WINSTON	Director	1.00	Director	$0	$0	$0
ERYN GORANG	Director	1.00	Director	$0	$0	$0
HAYLEY BARTON	Director	1.00	Director	$0	$0	$0
KAITLYN BREEDLOVE	Director	1.00	Director	$0	$0	$0
ELLEN CASSILLY	Director	1.00	Director	$0	$0	$0
JAMILA DAVENPORT	Director	1.00	Director	$0	$0	$0
PAM HICKOCK	Director	1.00	Director	$0	$0	$0
COURTNEY JAMES	Director	1.00	Director	$0	$0	$0
DAN JEWELL	Director	1.00	Director	$0	$0	$0
JAY JONES	Director	1.00	Director	$0	$0	$0
DAVID LENT-BEWS	Director	1.00	Director	$0	$0	$0
LEE ANN TILLEY	Director	1.00	Director	$0	$0	$0
ALEXANDRA VALLADARES	Director	1.00	Director	$0	$0	$0
BEN WEBER	Director	1.00	Director	$0	$0	$0
BECKY HACKER	Secretary	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
2024	$377,564	$302,437	$340,969	$75,127
2023	$278,617	$304,160	$260,822	$-25,543
2022	$285,962	$268,764	$275,849	$17,198
2021	$227,648	$196,533	$274,935	$31,115
2020	$267,001	$227,087	$234,426	$39,914
2019	$235,860	$243,189	$193,956	$-7,329
2018	$239,678	$243,171	$201,292	$-3,493

DURHAM CENTRAL PARK