THE BAY PARK CONSERVANCY 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

A G LAFLEY

Phone

9412035316

Tax Period

2024-01-01 to 2024-12-31

THE BAY PARK CONSERVANCY INC, founded in 2016, is a mid-sized nonprofit in the Community Improvement sector that reported $15.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.1M, a strong 38% operating margin.

Mission

THE BAY PARK CONSERVANCY (BPC) WAS FORMED TO IMPLEMENT THE MASTER PLAN APPROVED BY THE SARASOTA CITY COMMISSION TO CONSERVE 53 ACRES OF PUCLIC LAND FOR A SIGNATURE PARK ALONG SARASOTA BAY. THE BPC ENTERED A LONG-TERM PARTNERSHIP WITH THE CITY TO HELP FUND, DEVELOP, OPERATE, MAINTAIN AND PROGRAM THE SIGNATURE PARK FOR THE BENEFIT OF THE COMMUNITY NOW, AND FOR GENERATIONS TO COME.

Program Service Accomplishments

Program 1

Expenses: $9,381,155

THE BAY PARK CONSERVANCY IS LEADING THE PLANNING, DEVELOPMENT AND MANAGEMENT OF A SIGNATURE PUBLIC PARK ALONG SARASOTA BAY KNOWN AS "THE BAY". DESIGNED TO BE "ONE PARK FOR ALL", THE BAY IS OPEN AND ACCESSIBLE, FREE AND WELCOMING TO THE FULL AND RICH DIVERSITY OF THE COMMUNITY, NOW AND FOR GENERATIONS TO COME. THE BAY CONSERVES, PRESERVES, RESTORES AND TRANSFORMS 53 ACRES OF PRECIOUS CITY-OWNED LAND ALONG SARASOTA BAY INTO A BLUE AND GREEN OASIS, PROVIDING A SUSTAINABLE BAYFRONT GATHERING PLACE TO THE COMMUNITY TO EXPERIENCE AND ENJOY A WIDE RANGE OF PARK USES, FREE PROGRAMS AND EVENTS. THE FIRST 14 ACRE PHASE OF THE PARK OPENED IN OCTOBER 2022 TO MORE THAN 50,000 PEOPLE. SINCE THEN, THERE HAVE BEEN MORE THAN 730K VISITORS TO THE PARK. PHASE 2, THE NEXT 14 ACRE $65M DEVELOPMENT, BEGAN IN THE SUMMER OF 2024 AND ENCOMPASSES MULTIPLE PROJECTS. PHASE 2 IS BEING PARTIALLY FUNDED BY $48M IN CITY OF SARASOTA TIF BONDS. IN TOTAL, THE COMPLETED PARK WILL COST AN ESTIMATED $200M AND WILL TAKE APPROXIMATELY 8-10 YEARS TO COMPLETE OVER 4 OR MORE PHASES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,535,536

Program Service Revenue $0

Investment Income $349,711

Other Revenue $5,463

TOTAL REVENUE $15,890,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $925,722

Fundraising Expenses $151,204

Program Expenses $9,381,155

Other Expenses $8,902,888

TOTAL EXPENSES $9,828,610

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,890,710	$13,615,624	+0.2%
Expenses	$9,828,610	$5,374,923	+0.8%
Net Income	$6,062,100	$8,240,701	-0.3%

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

100

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

$153,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AG LAFLEY	CEO	40.00	Officer	$0	$0	$0
STEVEN R GERMAINE	CFO	40.00	Officer	$126,900	$26,869	$153,769
DERICK E KITSON	DIR. OF OPERATIONS THROUGH 11/30/24	40.00		$130,518	$18,682	$149,200
JENNIFER COMPTON	CHAIR	15.00	Officer Director	$0	$0	$0
ROBERT LANE	TREASURER	2.00	Officer Director	$0	$0	$0
EMILY WALSH	SECRETARY	2.00	Officer Director	$0	$0	$0
KYLE BATTIE	EX-OFFICIO	2.00	Director	$0	$0	$0
IAN BLACK	DIRECTOR	2.00	Director	$0	$0	$0
STEVE BOTELHO	EX-OFFICIO	2.00	Director	$0	$0	$0
CARLOS DE QUESADA	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY GAMELIN	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES HINES	DIRECTOR	2.00	Director	$0	$0	$0
JEFF JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER JORGENSEN	DIRECTOR	2.00	Director	$0	$0	$0
MARK PRITCHETT	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE TURNER	DIRECTOR	2.00	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	$15,890,710	$9,828,610	$15,937,875	$6,062,100
2023	$13,615,624	$5,374,923	$8,915,150	$8,240,701
2023	$13,615,624	$5,374,923	$8,915,150	$8,240,701
2022	$4,409,974	$20,182,419	$5,269,856	$-15,772,445
2021	$18,178,827	$11,975,267	$16,645,209	$6,203,560
2020	$6,655,199	$5,551,928	$9,659,485	$1,103,271
2019	$9,311,992	$1,819,325	$7,996,278	$7,492,667