Parks Foundation Of Monterey County

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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

1983

Legal Domicile

Principal Officer

Al Mulholland

Phone

8317554908

Tax Period

2022-07-01 to 2023-06-30

Mission

Promote and encourage public awareness of the unique recreational resources, programs and facilities available to the community through the Monterey County Parks system. It does so in a manner that enhances the Department's ability to provide varied recreational programs and park facilities through interpretation, acquisition, development, maintenance and operational assistance.

Program Service Accomplishments

Program 1

The Parks Foundation of Monterey County is dedicated to enriching cultural, environmental and recreational programs in Monterey County Parks. The Parks Foundation has helped refurbish the Avenue of Honor at San Lorenzo Park. This is a memorial to all the fallen military in Monterey County. Many of the Parks Foundations programs have been shut down due to COVID-19 pandemic park closures and restrictions.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$363	-1.0%
Expenses	N/A	$25	-1.0%
Net Income	N/A	$338	N/A

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
Al Mulholland	President	2.00	Officer Director	$0	$0	$0
Buzz Cole	Director	2.00	Director	$0	$0	$0
George Covell	Secretary/Treas	2.00	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
2023	No data	No data	$644,741	No data
2022	$363	$25	$644,741	$338
2021	$2,994	$10,690	$644,403	$-7,696
2020	$965	$11,423	$672,099	$-10,458
2019	$87,462	$17,101	$682,557	$70,361
2018	$76,234	$7,147	$612,218	$69,087