Parks and Recreation Foundation of… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

Craig Soos

Phone

4795306444

Tax Period

2024-01-01 to 2024-12-31

Parks and Recreation Foundation of Arkansas, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $253K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $565K exceeded revenue, resulting in a 124% operating deficit.

Mission

Parks and Recreation Foundation of Arkansas is organized to support, protect, enhance and add value to places that provide exceptional recreation experience and build on the legacy of the civilian conservation corps by providing a conduit and opportunity for giving back and expediting development for today's generation.

Program Service Accomplishments

Program 1

Expenses: $164,980

Arkansas Parks & Recreation Foundation was granted funds to support the evaluation, design, commission, and installation of three art projects on the Monument Trail at Pinnacle Mountain. The...

Arkansas Parks & Recreation Foundation was granted funds to support the evaluation, design, commission, and installation of three art projects on the Monument Trail at Pinnacle Mountain. The Foundation worked with the art curator, KIN, and three artists to commission the art works. The project will be complete in Spring of 2026.

Program 2

Expenses: $68,683

Arkansas Parks & Recreation Foundation was granted funds to support the evaluation, master planning, and federal permitting process for a mountain bike trail project near Queen Wilhelmina State Park in Mena, Arkansas. The project includes contracting with consultants SE Group to navigate master planning, public comment, and the National Environmental Policy Act. The Foundation is acting as the liaison between Arkansas State Parks, the U.S. Forest Service, City of Mena, and local advocates throughout the process.

Program 3

Expenses: $93,563

Arkansas Parks & Recreation Foundation was granted funds to support the evaluation, planning, and implementation of rock climbing and via ferrata at Mt. Magazine and Petit Jean State Parks. The...

Arkansas Parks & Recreation Foundation was granted funds to support the evaluation, planning, and implementation of rock climbing and via ferrata at Mt. Magazine and Petit Jean State Parks. The project includes contracting with consultants CragWorks and Adventure Partners, Inc. throughout the process.

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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 $209,520

Program Service Revenue $0

Investment Income $43,147

Other Revenue $0

TOTAL REVENUE $252,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,046

Fundraising Expenses $0

Program Expenses $549,386

Other Expenses $467,038

TOTAL EXPENSES $565,084

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,667	$295,869	-0.1%
Expenses	$565,084	$1,268,436	-0.6%
Net Income	$-312,417	$-972,567	-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

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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
Craig Soos	Board Chair	Officer Director	$0	$0	$0
Dennis Nelms	Vice Chair	Officer Director	$0	$0	$0
Chad Ware	Director	Officer Director	$0	$0	$0
Cindy Simpson	Director	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
2024	$252,667	$565,084	$883,363	$-312,417
2023	$295,869	$1,268,436	$1,195,780	$-972,567
2022	$386,297	$1,460,063	$2,168,347	$-1,073,766
2021	$1,406,923	$2,399,699	$3,242,113	$-992,776
2020	$2,199,437	$3,019,847	$4,234,889	$-820,410
2019	$5,005,154	$1,844,162	$5,055,299	$3,160,992
2018	$1,526,853	$894,384	$1,894,306	$632,469

Parks and Recreation Foundation of Arkansas