Red Line Parkway Initiative

EIN: 823422252 501(c)(3) Recreation & Sports

Austin, TX

Total Revenue
$316,162
Total Expenses
$257,251
Total Assets
$191,347
Net Assets
$26,313
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TX
Principal Officer
Thomas Wald
Phone
5122037626
Tax Period
2022-01-01 to 2022-12-31

Red Line Parkway Initiative, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $316K in total revenue in fiscal year 2022. The organization ran a surplus of $59K, a strong 19% operating margin.

Mission

The Red Line Parkway Initiative empowers diverse communities to enjoy, develop, and enhance the Red Line Trail and Parkway corridor to serve Central Texas mobility, recreation, parks, arts, affordability, social equity, physical & mental health, public space, and economic needs.

Program Service Accomplishments

Program 1
Expenses: $168,861 Revenue: $25,000

The Red Line Parkway Initiative made progress in all four program areas: Plan, Build, Fund, and Activate: Parkway Plan: We worked with Capital Metro and the City of Austin to create a scope...

Read more

The Red Line Parkway Initiative made progress in all four program areas: Plan, Build, Fund, and Activate: Parkway Plan: We worked with Capital Metro and the City of Austin to create a scope, preparing to determine the end-to-end alignment for the trail. We were also successful in securing the funding to accomplish this as part of the Capital Metro budget. By the end of the year, Capital Metro was evaluating consultant teams to perform the work, with work to start early in 2023. Connectors: Through attention, persistence, and supporting public funding, 2022 saw new bikeways and walkways completed from North Loop to Cherrywood, including the important I-35 crossing next to Hancock Center. Charrettes: We partnered with local chapters of AIA and ASLA to co-host charrettes for two key locations: the McKalla Station area, and the area that includes Hancock Center and the intersection of I-35 & Airport Blvd. McKalla Station: We successfully facilitated a partnership between key staff at Capital Metro and the City of Austin so that they could include the Parkway as part of the station area design. Other hotspots: We also spoke up regarding several other upcoming projects to ensure inclusion of the Parkway, including with private developments, Crestview Station area planning, Austin Core Transportation (ACT) Plan, and the Palm District Plan. Cedar Park: We aligned the Red Line Parkway with bond funding approved by Cedar Park voters in May 2022, and are now on track to see a portion of the Parkway completed via that funding. We anticipate the Red Line Parkway will also be a part of their adopted Cedar Park Master Mobility Plan. Parkway to Downtown series: We hosted several Parkway events, including the three Parkway to Downtown rides and walks, sponsored by Downtown Austin Alliance and Electric Avenue. Grant funds for community engagement: We secured funding for our 2023 community engagement from Applied Materials, Alice Kleberg Reynolds Foundation, and People for Bikes. Community outreach: We were out in the world, spreading the word as guests at others' events, including Ride Bikes Austin, and at community organization meetings, such as Brentwood Neighborhood Association. I-35: Building upon our 2021 victory to secure car-free crossings for the Parkway, in 2022 we worked to ensure safe and pleasant crossings, and this work continues into 2023.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $290,258
Program Service Revenue $25,000
Investment Income $904
Other Revenue $0
TOTAL REVENUE $316,162

Expense Breakdown

Grants Paid $0
Salaries & Benefits $187,577
Fundraising Expenses $56,713
Program Expenses $168,861
Other Expenses $69,674
TOTAL EXPENSES $257,251

Year-over-Year Comparison

2022 2021 Change
Revenue $316,162 N/A N/A
Expenses $257,251 N/A N/A
Net Income $58,911 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
20

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
4
$0
Total Directors
7
$80,446
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas Wald Executive Dir. 40.00
Director
$74,167 $6,279 $80,446
Eric Goff Director 0.30
Director
$0 $0 $0
Claire Hempel Director 0.50
Director
$0 $0 $0
Julio Carrillo Director 0.60
Director
$0 $0 $0
Melissa Henao-Robledo Director 0.90
Director
$0 $0 $0
Carly Haithcock Director 0.50
Director
$0 $0 $0
Caitlin Smith Director 0.30
Director
$0 $0 $0
Brianna Frey President 2.00
Officer
$0 $0 $0
Jacob Villanueva Vice President 3.00
Officer
$0 $0 $0
Susan Sharp Secretary 2.00
Officer
$0 $0 $0
Anika Keswani Treasurer 0.70
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
2022 $316,162 $257,251 $191,347 $58,911
Explore More Nonprofits
Top 100 Nonprofits in Texas Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Red Line Parkway Initiative with other nonprofits in Texas and across the country.