Friends of West University Parks Fund

EIN: 760192413 501(c)(3) Recreation & Sports

West University Place, TX

Total Revenue
$566,532
Total Expenses
$169,239
Total Assets
$1,799,895
Net Assets
$1,727,818
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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
1986
Legal Domicile
TX
Phone
7136627430
Tax Period
2023-01-01 to 2023-12-31

Friends of West University Parks Fund, founded in 1986, is a small nonprofit in the Recreation & Sports sector that reported $567K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $397K, a strong 70% operating margin.

Mission

FUNDRAISING FOR THE DEVELOPMENT AND IMPROVEMENT OF PARKS AND GREEN SPACES IN THE CITY OF WEST UNIVERSITY PLACE.

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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 $782,035
Program Service Revenue $0
Investment Income $16,997
Other Revenue $-232,500
TOTAL REVENUE $566,532

Expense Breakdown

Grants Paid $127,357
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $135,238
Other Expenses $41,882
TOTAL EXPENSES $169,239

Year-over-Year Comparison

2023 2022 Change
Revenue $566,532 $449,575 +0.3%
Expenses $169,239 $176,509 0.0%
Net Income $397,293 $273,066 +0.5%
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

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
300

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
5
$95,909
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER 3.0
Officer Director
$0 $0 $0
N/A SECRETARY 2.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A CHAIRMAN 4.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A EXECUTIVE DIRECTOR 30.0
Officer
$0 $22,246 $95,909
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 $566,532 $169,239 $1,799,895 $397,293
2022 $449,575 $176,509 $1,459,282 $273,066
2021 $311,096 $632,172 $1,057,007 $-321,076
2020 $229,378 $227,275 $1,378,083 $2,103
2019 $289,470 $270,258 $1,375,980 $19,212
2018 $360,152 $323,517 $1,356,768 $36,635
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