PARKS CHARITABLE FOUNDATION C/O PL… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

JACK MITCHELL

Phone

2708901612

Tax Period

2023-01-01 to 2023-12-31

PARKS CHARITABLE FOUNDATION C/O PLANTERS TRUST, founded in 1998, is a micro nonprofit that reported $7K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $713K exceeded revenue, resulting in a 10644% operating deficit.

Mission

THE PARKS CHARITABLE FOUNDATION HAS BEEN SET UP FOR THE USE AND BENEFIT OF THE CLARKSVILLE ACADEMY, CLARKSVILLE, TENNESSEE.

Program Service Accomplishments

Program 1

PARKS CHARITABLE FOUNDATION IS ESTABLISHED FOR THE USE AND BENEFIT OF CLARKSVILLE ACADEMY, CLARKSVILLE TENNESSEE.

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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 $0

Program Service Revenue $0

Investment Income $6,640

Other Revenue $0

TOTAL REVENUE $6,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $711,559

Other Expenses $713,425

TOTAL EXPENSES $713,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,640	$17,775	-0.6%
Expenses	$713,425	$56,919	+11.5%
Net Income	$-706,785	$-39,144	+17.1%

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
JACK MITCHELL	BOARD MEMBER	N/A	Director	$0	$0	$0
N/A	TRUST OFFICE	N/A		$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
2023	$6,640	$713,425	No data	$-706,785
2022	$17,775	$56,919	$706,785	$-39,144
2021	$65,730	$57,238	$778,809	$8,492
2020	$599,190	$557,052	$830,918	$42,138
2019	$45,659	$58,061	$788,780	$-12,402
2018	$53,402	$53,445	$801,267	$-43

PARKS CHARITABLE FOUNDATION C/O PLANTERS TRUST