PARK MANAGEMENT COMPANY INC

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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

MAUREEN HEFFERNAN

Phone

4054457083

Tax Period

2022-07-01 to 2023-06-30

PARK MANAGEMENT COMPANY INC, founded in 2016, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2022.

Mission

OVERSEE TWO 501(C)3 FOUNDATIONS AND FACILITATE FUNDRAISING

Program Service Accomplishments

Program 1

Expenses: $1,271,787 Revenue: $1,271,787

PARK MANAGEMENT COMPANY IS THE NONPROFIT ENTITY THAT PROVIDES EXECUTIVE OVERSIGHT AND MANAGEMENT OF MYRIAD GARDENS FOUNDATION AND SCISSORTAIL PARK FOUNDATION WITHIN ITS PUBLIC/PRIVATE PARTNERSHIP...

PARK MANAGEMENT COMPANY IS THE NONPROFIT ENTITY THAT PROVIDES EXECUTIVE OVERSIGHT AND MANAGEMENT OF MYRIAD GARDENS FOUNDATION AND SCISSORTAIL PARK FOUNDATION WITHIN ITS PUBLIC/PRIVATE PARTNERSHIP WITH THE CITY OF OKLAHOMA CITY. THE CEO AND CFO ALONG WITH SUPPORTING STAFF PRIMARILY IN ADMINISTRATIVE, FINANCIAL AND EVENT SUPPORT ROLES ARE INCLUDED IN PARK MANAGEMENT STAFF. EXECUTIVES AND OTHER STAFF IN PARK MANAGMENT MANAGE: FINANCIALS, BUDGETING, INSURANCE COVERAGE, FOR LIABILITIES AND STAFF BENEFITS, HUMAN RESOURCES, IT AND SAFETY FOR BOTH FOUNDATIONS. THE EXECUTIVE STAFF ALSO WORK CLOSELY WITH THE CITY OF OKLAHOMA CITY STAFF IN A PUBLIC/PRIVATE PARTNERSHIP TO ENSURE THE FOUNDATIONS ARE APPROPRIATELY MANAGING THE FUNDING AND MAINTAINING INFRASTRUCTURE MAINTENANCE AT EACH LOCATION. THIS MANAGEMENT ARRANGEMENT ENABLES STAFFING EFFICIENCIES AND COST SAVINGS BY CONSOLIDATING ADMINISTRATIVE AND LONGER TERM PLANNING WORK FOR BOTH ENTITIES.

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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 $1,271,489

Investment Income $25

Other Revenue $273

TOTAL REVENUE $1,271,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,178,123

Fundraising Expenses $0

Program Expenses $1,271,787

Other Expenses $93,664

TOTAL EXPENSES $1,271,787

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,271,787	$1,285,834	0.0%
Expenses	$1,271,787	$1,285,834	0.0%
Net Income	$0	N/A	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

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

$435,549

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN HEFFERNAN	PRESIDENT AN	5.00	Officer	$248,095	$14,809	$262,904
CHUCK DAVIS	CFO 7/1/22-2	5.00	Officer	$134,574	$10,268	$144,842
DEBORA MOREY	DEPUTY DIR/S	5.00	Officer	$23,446	$4,357	$27,803
CINDY ROGERS	CFO 1/31/23-	5.00	Officer	$0	$0	$0
LARRY NICHOLS	CHAIRMAN	5.00	Officer Director	$0	$0	$0
LINDSEY BROCK	TREASURER	5.00	Officer Director	$0	$0	$0
JIM TOLBERT	CHAIR EMERIT	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,271,787	$1,271,787	$157,365	No data
2022	$1,285,834	$1,285,834	$143,066	No data
2021	$1,196,405	$1,196,405	$289,670	No data