IOWA PARK RECREATIONAL ACTIVITIES … - 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

1982

Legal Domicile

Phone

9405924471

Tax Period

2023-01-01 to 2023-12-31

IOWA PARK RECREATIONAL ACTIVITIES CLUB INC, founded in 1982, is a micro nonprofit in the Recreation & Sports sector that reported $58K in total revenue in fiscal year 2023. Expenses of $55K left a modest 4% surplus.

Mission

THE IOWA PARK RECREATIONAL ACTIVITIES CLUB, INC. SEEKS TO PROMOTE THE HEALTH AND WELFARE OF THE COMMUNITY THROUGH A WIDE VARIETY OF MULTI-GENERATIONAL ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $42,774

THE ORGANIZATION SERVES THE COMMUNITY BY PROVIDING EDUCATIONAL AND RECREATIONAL ACTIVITIES. THERE ARE ALSO CRAFT LESSONS AND PHYSICAL ACTIVITIES AVAILABLE.ADDITIONALLY, THE IOWA PARK RECREATIONAL...

THE ORGANIZATION SERVES THE COMMUNITY BY PROVIDING EDUCATIONAL AND RECREATIONAL ACTIVITIES. THERE ARE ALSO CRAFT LESSONS AND PHYSICAL ACTIVITIES AVAILABLE.ADDITIONALLY, THE IOWA PARK RECREATIONAL ACTIVITIES CLUB, INC. SPONSORS RACPAC KIDS, A PROGRAM FOR ELEMENTARY STUDENTS. THIS PROGRAM OFFERS A SUPERVISED, LEARNING ENHANCED, AFFORDABLE ALTERNATIVE FOR WORKING FAMILIES.

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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 $7,217

Program Service Revenue $46,340

Investment Income $0

Other Revenue $4,290

TOTAL REVENUE $57,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,427

Fundraising Expenses $1,216

Program Expenses $42,774

Other Expenses $20,015

TOTAL EXPENSES $55,442

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,847	$55,048	+0.1%
Expenses	$55,442	$45,637	+0.2%
Net Income	$2,405	$9,411	-0.7%

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

Volunteers

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

$21,566

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA BRACKETT	Executive Direc	40.00	Officer	$21,566	$0	$21,566
DON ELHERT	Director	1.00	Director	$0	$0	$0
MONTANA YORK	President	1.00	Officer Director	$0	$0	$0
HERMAN ESQUE	Director	1.00	Director	$0	$0	$0
KAITHLYN HINTON	Director	1.00	Director	$0	$0	$0
MATT DAVIS	Director	1.00	Director	$0	$0	$0
APRIL SCHOLL	Treasurer	1.00	Officer Director	$0	$0	$0
AMANDA DAY	Secretary	1.00	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
2024	No data	No data	No data	No data
2023	$57,847	$55,442	$28,952	$2,405
2022	$55,048	$45,637	$25,861	$9,411
2021	$49,389	$42,762	$16,250	$6,627
2020	$34,189	$42,018	$10,783	$-7,829
2019	$75,232	$76,602	$19,962	$-1,370
2018	$73,225	$81,853	$21,310	$-8,628

IOWA PARK RECREATIONAL ACTIVITIES CLUB INC