PARKS CHARITABLE FOUNDATION C/O PLANTERS TRUST

EIN: 626340858

CLARKSVILLE, TN

Total Revenue
$6,640
Total Expenses
$713,425
Total Assets
N/A
Net Assets
N/A
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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
TN
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.

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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 (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

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Governance

Voting Members
4
Independent Members
2
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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