MEMORIAL PARK ASSOCIATION INC (EIN 592765584) - 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

1986

Legal Domicile

Principal Officer

PATRICK EMMET

Phone

9047300440

Tax Period

2023-01-01 to 2023-12-31

MEMORIAL PARK ASSOCIATION INC, founded in 1986, is a small nonprofit that reported $132K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $148K exceeded revenue, resulting in a 12% operating deficit.

Mission

OUR MISSION IS TO PRESERVE, ENHANCE AND PROMOTE MEMORIAL PARK AS THE PREMIER HISTORIC CITY PARK IN JACKSONVILLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $124,456

Program Service Revenue $0

Investment Income $7,219

Other Revenue $0

TOTAL REVENUE $131,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,439

Program Expenses $133,556

Other Expenses $148,074

TOTAL EXPENSES $148,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$131,675	$243,066	-0.5%
Expenses	$148,074	$513,864	-0.7%
Net Income	$-16,399	$-270,798	-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

103

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
PATRICK EMMET	PRESIDENT	4.00	Officer Director	$0	$0	$0
ANN MACKEY	TREASURER	4.00	Officer Director	$0	$0	$0
BRANDILYN MATHEWS	EXEC VICE PR	4.00	Officer Director	$0	$0	$0
SUNNY GETTINGER	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
KELLY WOOD	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
BROOKS DAME	SECRETERY	4.00	Officer Director	$0	$0	$0
PERCY ROSENBLOOM III	DIRECTOR	1.00	Director	$0	$0	$0
W ROBINSON FRAZIER III	DIRECTOR	1.00	Director	$0	$0	$0
MARY W JARRETT	DIRECTOR	1.00	Director	$0	$0	$0
JOAN W NEWTON	DIRECTOR	1.00	Director	$0	$0	$0
PATTIE HOULIHAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WINGARD	DIRECTOR	1.00	Director	$0	$0	$0
KATIE QUACKENBUSH	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SHANNON	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL PAGANUCCI	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY TYLER	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY PELUSO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GUTHRIE	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$131,675	$148,074	$936,445	$-16,399
2022	$243,066	$513,864	$952,844	$-270,798
2021	$157,835	$148,777	$1,230,919	$9,058
2020	$314,018	$205,723	$1,221,861	$108,295
2019	$317,384	$144,953	$1,113,566	$172,431
2018	$659,545	$360,856	$951,353	$298,689

MEMORIAL PARK ASSOCIATION INC