PARTNERS FOR PARKS

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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

2004

Legal Domicile

Principal Officer

SYLVIA ALLEN

Phone

4256582240

Tax Period

2024-01-01 to 2024-12-31

PARTNERS FOR PARKS, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $572K in total revenue in fiscal year 2024. Revenue surged 174% from the prior year, signaling strong growth momentum. The organization ran a surplus of $401K, a strong 70% operating margin.

Mission

PARTNERS FOR PARKS IS A COLLABORATION OF LAKEWOOD SERVICE ORGANIZATIONS, COMMUNITY GROUPS, EDUCATIONAL INSTITUTIONS, MILITARY AND BUSINESSES THAT HAVE COME TOGETHER FOR THE PURPOSE OF ASSISTING IN THE IMPROVEMENT OF LAKEWOOD AREA PARKS.

Program Service Accomplishments

Program 1

Expenses: $62,323

OUR PRIMARY FUNCTION IS TO RAISE FUNDS AND PROVIDE VOLUNTEER LABOR AND MATERIALS FOR SPECIFIC IMPROVEMENTS OF LAKEWOOD AREA PARKS, SUCH AS PLAYGROUND EQUIPMENT, RESTROOM FACILITIES, TRAIL...

OUR PRIMARY FUNCTION IS TO RAISE FUNDS AND PROVIDE VOLUNTEER LABOR AND MATERIALS FOR SPECIFIC IMPROVEMENTS OF LAKEWOOD AREA PARKS, SUCH AS PLAYGROUND EQUIPMENT, RESTROOM FACILITIES, TRAIL RENOVATIONS, PICNIC SHELTERS, FISHING PIERS AND OTHER RECREATIONAL AMENTITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $568,795

Program Service Revenue $0

Investment Income $1,765

Other Revenue $1,407

TOTAL REVENUE $571,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $105,000

Program Expenses $62,323

Other Expenses $65,849

TOTAL EXPENSES $170,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$571,967	$209,021	+1.7%
Expenses	$170,849	$193,030	-0.1%
Net Income	$401,118	$15,991	+24.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SYLVIA ALLEN	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE BETZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN BILLINGSLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DON DANIELS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY DODSWORTH	SECRETARY	1.00	Officer Director	$0	$0	$0
PHIL ENG	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY HENDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SYDNA KOONTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
HALLIE MCCURDY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SALLY SAUNDERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DUNCAN STEVENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN WITKOE	BOARD MEMBER	1.00	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	$571,967	$170,849	$529,593	$401,118
2023	$209,021	$193,030	$128,475	$15,991