READING SKATEPARK ASSOCIATION

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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

2016

Legal Domicile

Principal Officer

MICHAEL COOK

Phone

2012326012

Tax Period

2021-01-01 to 2021-12-31

READING SKATEPARK ASSOCIATION, founded in 2016, is a micro nonprofit in the Recreation & Sports sector that reported $7K in total revenue in fiscal year 2021. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $36K exceeded revenue, resulting in a 412% operating deficit.

Mission

TO CREATE CONCRETE SKATEPARK FACILITIES WITHIN THE CITY OF READING AND BERKS COUNTY.

Program Service Accomplishments

Program 1

Expenses: $36,035 Revenue: $7,042

TO CREATE CONCRETE SKATEPARK FACILITIES WITHIN THE CITY OF READING AND BERKS COUNTY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $7,042

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,035

Other Expenses $36,035

TOTAL EXPENSES $36,035

Year-over-Year Comparison

	2021	2020	Change
Revenue	$7,042	$4,319	+0.6%
Expenses	$36,035	$106,103	-0.7%
Net Income	$-28,993	$-101,784	-0.7%

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
JOHN TURNER	PRESIDENT	2.00	Officer	$0	$0	$0
MICHAEL COOK	TREASURER	2.00	Officer	$0	$0	$0
JENNIFER COLES	SECRETARY	2.00	Officer	$0	$0	$0
JON COLES	DIRECTOR	2.00	Officer	$0	$0	$0
DANIEL STEFFENS	DIRECTOR	2.00	Officer	$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
2021	$7,042	$36,035	$136,549	$-28,993
2020	$4,319	$106,103	$165,542	$-101,784
2019	$276,720	$24,393	$267,326	$252,327