BUTTERFIELD PRESERVATION FOUNDATION (EIN 822475036) - 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

RICK GARBETT

Tax Period

2023-05-01 to 2024-04-30

BUTTERFIELD PRESERVATION FOUNDATION, founded in 2017, is a micro nonprofit in the Environment sector that reported $23K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Net assets of $66K represent 34 months of operating reserves.

Mission

THE BUTTERFIELD PRESERVATION FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION ORGANIZED UNDER THE LAWS OF STATE OF ILLINOIS TO DEVELOP PHILANTHROPIC SUPPORT FOR THE BUTTERFIELD PARK DISTRICT. THE MISSION IS TO SUPPORT THE OPERATIONAL AND CAPITAL NEEDS OF THE DISTRICT THAT LACK ADEQUATE FUNDING THROUGH THE DISTRICT'S AVAILABLE RESOURCES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $23,181

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $23,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,550

Other Expenses $23,784

TOTAL EXPENSES $23,784

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,181	$37,082	-0.4%
Expenses	$23,784	$32,811	-0.3%
Net Income	$-603	$4,271	-1.1%

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
SHANE ASKIN	SECRETARY	1.00	Director	$0	$0	$0
TODD BERNTSEN	TREASURER	1.00	Officer Director	$0	$0	$0
RICK GARBETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL J KRYGER	DIRECTOR	1.00	Director	$0	$0	$0
GARY SCHIEFER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
SCOTT TOENNESSEN	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	$23,181	$23,784	$66,461	$-603
2023	$37,082	$32,811	$67,064	$4,271
2022	$7,442	$87,100	$62,793	$-79,658
2021	$5,845	$4,476	$142,451	$1,369
2020	$163,606	$218,755	$141,082	$-55,149
2019	$37,927	$41,468	$196,231	$-3,541

BUTTERFIELD PRESERVATION FOUNDATION