WACO LIONS PARK TRUST

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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

Legal Domicile

Principal Officer

HARVEY SPROSS

Phone

2547765341

Tax Period

2022-01-01 to 2022-12-31

WACO LIONS PARK TRUST is a small nonprofit that reported $127K in total revenue in fiscal year 2022. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $150K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE RECREATIONAL PROGRAMS FOR THE COMMUNITY BY OPERATING AN AMUSEMENT PARK AND RELATED ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $150,069 Revenue: $126,503

ALL EXPENDITURES WERE TO PROVIDE RECREATIONAL PROGRAMS TO THE COMMUNITY

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $126,503

Investment Income $1

Other Revenue $0

TOTAL REVENUE $126,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,069

Other Expenses $150,069

TOTAL EXPENSES $150,069

Year-over-Year Comparison

	2022	2021	Change
Revenue	$126,504	$220,650	-0.4%
Expenses	$150,069	$172,987	-0.1%
Net Income	$-23,565	$47,663	-1.5%

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
GAYLE AVANT	TRUSTEE	N/A	Director	$0	$0	$0
BEVERLY FALLON	TRUSTEE	N/A	Director	$0	$0	$0
JOHN LOW	TRUSTEE	N/A	Director	$0	$0	$0
HARVEY SPROSS	CHAIRMAN	N/A	Director	$0	$0	$0
JOHN TIPTON	TRUSTEE	N/A	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
2022	$126,504	$150,069	No data	$-23,565
2021	$220,650	$172,987	$139,809	$47,663
2020	$96,178	$220,228	$128,497	$-124,050
2019	$302,559	$308,511	$198,565	$-5,952
2018	$273,503	$313,294	$217,031	$-39,791