GREATER TOPEKA PARTNERSHIP FOUNDAT… - 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

2003

Legal Domicile

Principal Officer

MATTHEW PIVARNIK

Phone

7852342644

Tax Period

2023-01-01 to 2023-12-31

GREATER TOPEKA PARTNERSHIP FOUNDATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $114K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $302K exceeded revenue, resulting in a 166% operating deficit.

Mission

TO PROVIDE SOURCES OF CHARITABLE SUPPORT AND PROVIDE FUNDING FOR THE ESTABLISHMENT OR SUPPORT OF EDUCATIONAL, EMPLOYMENT, ECONOMIC AND TRAINING OPPORTUNITIES DESIGNED TO PROVIDE RELIEF OF THE POOR, DISTRESSED AND UNDERPRIVILEGED AS WELL AS TO SUPPORT THE ADVANCEMENT OF ECONOMICS, ECONOMIC PLANNING AND DEVELOPMENT. TO ACCELERATE THE QUALITY AND QUANTITY OF ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $225,157 Revenue: $3,500

TO PROVIDE SOURCES OF CHARITABLE SUPPORT AND FUNDING FOR THE ESTABLISHMENT OR SUPPORT OF EDUCATIONAL AND TRAINING OPPORTUNITIES DESIGNED TO PROVIDE RELIEF FOR THE POOR, DISTRESSED AND...

TO PROVIDE SOURCES OF CHARITABLE SUPPORT AND FUNDING FOR THE ESTABLISHMENT OR SUPPORT OF EDUCATIONAL AND TRAINING OPPORTUNITIES DESIGNED TO PROVIDE RELIEF FOR THE POOR, DISTRESSED AND UNDERPRIVILEDGED AS WELL AS TO SUPPORT THE ADVANCEMENT OF ECONOMICS, ECONOMIC PLANNING AND DEVELOPMENT. TO ACCELERATE THE QUALITY AND QUANTITY OF ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNITIES.

Program 2

Expenses: $69,296 Revenue: $35,137

THE FIRST OPPORTUNITY FUND IS A LOAN PROGRAM CREATED TO ASSIST BUSINESSES IN NEED OF WORKING CAPITAL FOR EXPENSES SUCH AS INVENTORY, PURCHASE OF FIXED ASSETS, AND BUILDING CONSTRUCTION OR CAPITAL...

THE FIRST OPPORTUNITY FUND IS A LOAN PROGRAM CREATED TO ASSIST BUSINESSES IN NEED OF WORKING CAPITAL FOR EXPENSES SUCH AS INVENTORY, PURCHASE OF FIXED ASSETS, AND BUILDING CONSTRUCTION OR CAPITAL IMPROVEMENTS. THE FUND CREATES ECONOMIC OPPORTUNITY THROUGH JOB CREATION, EXPANSION, STRENGTHENING AND FINANCING OF SMALL BUSINESSES, BUILDING CAPACITY AMONG ENTREPRENEURS AND INCREASING EMPLOYMENT OPPORTUNITIES, ESPECIALLY FOR LOW-INCOME PERSONS AND MINORITIES, DISTRESSED COMMUNITIES AND OTHER UNDERSERVED OR DISADVANTAGED PERSONS AND PLACES.

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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 $75,008

Program Service Revenue $38,637

Investment Income $0

Other Revenue $0

TOTAL REVENUE $113,645

Expense Breakdown

Grants Paid $223,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $294,453

Other Expenses $78,838

TOTAL EXPENSES $302,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,645	$1,024,117	-0.9%
Expenses	$302,338	$224,695	+0.3%
Net Income	$-188,693	$799,422	-1.2%

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

$526,584

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON CLASSI	BOARD MEMBER	1.00	Director	$0	$0	$0
VERONICA PADILLA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK YARDLEY	TREASURER	1.00	Officer Director	$0	$0	$0
SHEKHAR CHALLA	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
JOHN B DICUS	CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW PIVARNIK	PRESIDENT & CEO	1.00	Officer	$0	$51,343	$412,887
JOSHUA PATTERSON	CFO	1.00	Officer	$0	$30,506	$113,697

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	$113,645	$302,338	$2,253,852	$-188,693
2022	$1,024,117	$224,695	$2,122,669	$799,422
2021	$68,859	$224,788	$1,336,716	$-155,929
2020	$1,039,116	$841,548	$1,449,706	$197,568
2019	$193,008	$703,491	$1,475,634	$-510,483
2018	$836,857	$565,209	$1,881,005	$271,648

GREATER TOPEKA PARTNERSHIP FOUNDATION