Friends of Larchmont Parks Inc (EIN 821533880) - Form 990 Financial Analysis & Trantor Score

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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

Dawn Magid

Phone

6465158111

Tax Period

2024-01-01 to 2024-12-31

Friends of Larchmont Parks Inc, founded in 2017, is a micro nonprofit in the Recreation & Sports sector that reported $45K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10K, a strong 21% operating margin.

Mission

Our mission is to partner with the Village of Larchmont to improve, beautify, and assist with ongoing maintenance for the public parks in our community. As stewards of the parks, our goal is to fundraise for these projects and to coordinate with the community to promote events in the parks.

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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 $0

Program Service Revenue $44,944

Investment Income $0

Other Revenue $0

TOTAL REVENUE $44,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,351

Other Expenses $35,351

TOTAL EXPENSES $35,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,944	$34,893	+0.3%
Expenses	$35,351	$24,609	+0.4%
Net Income	$9,593	$10,284	-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

N/A

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	Role	Reportable Comp	Other Comp	Total
Dawn Magid	Treasurer	Officer	$0	$0	$0
Deborah Maher	Co-President	Officer	$0	$0	$0
Lindsay Harwood	Co-President	Officer	$0	$0	$0
Laura Rosenthal	Board Member and Founder	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
2024	$44,944	$35,351	$90,270	$9,593
2023	$34,893	$24,609	$80,677	$10,284
2022	$335,647	$300,515	$70,393	$35,132
2021	$25,452	$99,498	$34,536	$-74,046
2020	$126,030	$95,210	$108,582	$30,820
2019	$371,690	$448,108	$77,762	$-76,418

Friends of Larchmont Parks Inc