PARKS AND RECREATION COMMUNITY FOUNDATION (EIN 770126823) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

HOWARD HUDSON

Phone

8056874933

Tax Period

2022-09-01 to 2023-08-31

PARKS AND RECREATION COMMUNITY FOUNDATION, founded in 1986, is a micro nonprofit that reported $12K in total revenue in fiscal year 2022. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2K, a strong 19% operating margin.

Mission

RECEIVE, HOLD AND USE FUNDS FOR PROJECTS AND PROGRAMS RELATED TO PARKS AND RECREATION IN SANTA BARBARA.

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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 $8,586

Program Service Revenue $0

Investment Income $3,175

Other Revenue $0

TOTAL REVENUE $11,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $961

Other Expenses $9,508

TOTAL EXPENSES $9,508

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,761	$7,734	+0.5%
Expenses	$9,508	$9,710	0.0%
Net Income	$2,253	$-1,976	-2.1%

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
MARK WHITEHURST	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHY McGILL	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
HOWARD HUDSON	TREASURER	0.50	Officer Director	$0	$0	$0
ED CAVAZOS	SECRETARY	0.50	Officer Director	$0	$0	$0
JILL ZACHARY	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY CARRILLO-WALKER	DIRECTOR	0.50	Director	$0	$0	$0
ERIC FRIEDMAN	DIRECTOR	0.50	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	$11,761	$9,508	$1,839,745	$2,253
2022	$7,734	$9,710	$1,883,620	$-1,976
2021	$9,519	$8,014	$1,882,537	$1,505

PARKS AND RECREATION COMMUNITY FOUNDATION