WHITESTOWN PARKS FOUNDATION 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

2017

Legal Domicile

Principal Officer

ALLISON WILLIS

Phone

3177324537

Tax Period

2024-01-01 to 2024-12-31

WHITESTOWN PARKS FOUNDATION INC, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $164K in total revenue in fiscal year 2024. The organization ran a surplus of $46K, a strong 28% operating margin.

Mission

TO PROMOTE, AID, SUPPORT, AND ENCOURAGE THE PURPOSES, ACTIVITIES AND ENDEAVORS OF EVERY KIND AND DESCRIPTION OR CONNECTED WITH THE WHITESTOWN PARKS AND RECREATION DEPARTMENT. TO CONDUCT AND ENGAGE IN ANY AND ALL SUCH ACTIVITIES AND ENDEAVORS PARTICULARLY WITH RESPECT TO ANY FUND RAISING, COMMUNITY OUTREACH, AND VOLUNTEER COORDINATION.

Program Service Accomplishments

Program 1

Expenses: $23,846 Revenue: $33,919

VIKING FEST EVENT BROUGHT PEOPLE OF ALL AGES AND BACKGROUNDS TOGETHER TO PARTICIPATE IN VIKING THEMED ACTIVITES, ENTERTAINMENT, FOOD, AND MORE.

Program 2

Expenses: $13,374 Revenue: $18,311

BREWFEST BRINGS INDIVIDUALS 21 AND OVER TOGETHER TO TRY NEW BEVERAGES AND SUPPORT INDIANA BREWERIES, WINERIES, AND DISTILLERIES WHILE PROVIDING MUSIC AND ENTERTAINMENT.

Program 3

Expenses: $7,160 Revenue: $14,476

BATTLE OF THE BADGES 5K IS A FAMILY FRIENDLY RUN/WALK EVENT TO PROMOTE PHYSICAL ACTIVITY. PARTICIPANTS CAN CHOOSE TO SUPPORT EITHER THE WHITESTOWN FIRE DEPARTMENT OR THE WHITESTOWN POLICE DEPARTMENT.

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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 $79,162

Program Service Revenue $83,718

Investment Income $908

Other Revenue $0

TOTAL REVENUE $163,788

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,674

Other Expenses $116,119

TOTAL EXPENSES $117,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,788	$159,483	+0.0%
Expenses	$117,619	$110,576	+0.1%
Net Income	$46,169	$48,907	-0.1%

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
MIKE MCKEEVER	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP GORDON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGIE VEATCH	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON WILLIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKAELA ELZY	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DOMINIC CORNETT	BOARD MEMBER-PARKS DIRECTOR	2.00	Director	$0	$0	$0
JOANNE IMBERT	BOARD MEMBER	1.00	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
2024	$163,788	$117,619	$1,847,919	$46,169
2023	$159,483	$110,576	$1,801,750	$48,907
2022	$141,327	$89,068	$1,752,843	$52,259
2021	$1,716,531	$21,408	$1,700,584	$1,695,123