MCKINNEY PARKS FOUNDATION (EIN 823513537) - 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

2021

Legal Domicile

Principal Officer

RICK MORENO

Phone

9726585101

Tax Period

2024-01-01 to 2024-12-31

MCKINNEY PARKS FOUNDATION, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $209K in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 30% operating margin.

Mission

To partner with the city of McKinney to enhance beautification and maintainance of parks and open spaces. promote community involvement, and provide education about our city's natural environment.

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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 $208,885

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $208,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,759

Other Expenses $147,124

TOTAL EXPENSES $147,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$208,885	$104,455	+1.0%
Expenses	$147,124	$42,226	+2.5%
Net Income	$61,761	$62,229	0.0%

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

250

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
RICHARD MORENO	PRESIDENT	5.0	Officer Director	$0	$0	$0
GREG SMITH	VICE PRESIDENT	0.5	Officer Director	$0	$0	$0
EMILY CHAO	TREASURER	0.5	Officer Director	$0	$0	$0
KEVIN KORENTHAL	SECRETARY	0.5	Officer Director	$0	$0	$0
BRUCE MEAD	AT LARGE	8.0	Director	$0	$0	$0
ANDREW LOWES	AT LARGE	0.5	Director	$0	$0	$0
ANDREW HUDSON	AT LARGE	0.5	Director	$0	$0	$0
LANE MANTZY	COMMS	1.0	Director	$0	$0	$0
MARY ABERCROMBIE	AT LARGE	0.5	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	$208,885	$147,124	$126,842	$61,761

MCKINNEY PARKS FOUNDATION