P A L S FUND PARKS ARTS LEISURE AND SENIORS FUND (EIN 742693345) - 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

1993

Legal Domicile

Principal Officer

JOHN LONGORIA

Phone

3618263484

Tax Period

2021-01-01 to 2021-12-31

P A L S FUND PARKS ARTS LEISURE AND SENIORS FUND, founded in 1993, is a micro nonprofit that reported $6 in total revenue in fiscal year 2021. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $70 exceeded revenue, resulting in a 1067% operating deficit.

Mission

ORGANIZATION IS ORGANIZED FOR THE PURPOSE OF RAISING FUNDS AND MANAGING ASSETS TO SUPPORT THE PARKS, FACILITIES AND PROGRAMS OF THE CORPUS CHRISTI PARKS & RECREATION DEPARTMENT.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $6

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $70

TOTAL EXPENSES $70

Year-over-Year Comparison

	2021	2020	Change
Revenue	$6	$28,508	-1.0%
Expenses	$70	$232,562	-1.0%
Net Income	$-64	$-204,054	-1.0%

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
JOHN LONGORIA	PRESIDENT	4.00	Officer Director	$0	$0	$0
RON WOODS	SECRETARY	4.00	Officer Director	$0	$0	$0
JODY PERKES HUGHES	TREASURER	4.00	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
2021	$6	$70	$116,391	$-64
2020	$28,508	$232,562	$116,455	$-204,054
2019	$67,416	$81,104	$320,509	$-13,688
2018	$104,004	$73,674	$332,993	$30,330

P A L S FUND PARKS ARTS LEISURE AND SENIORS FUND