PARKSMART (EIN 823902668) - 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

THOMAS WINSTON

Phone

4192427515

Tax Period

2024-01-01 to 2024-12-31

PARKSMART, founded in 2017, is a community nonprofit in the Employment sector that reported $4.4M in total revenue in fiscal year 2024. Expenses of $4.0M left a modest 9% surplus.

Mission

TO DEVELOP A PARKING SYSTEM IN DOWNTOWN TOLEDO THAT VIEWS EACH USER AS A VALUED CUSTOMER, AND PROVIDES EXEMPLARY OPERATIONS, MAINTENANCE, MARKETING, CUSTOMER SERVICE AND SAFETY, WITH THE RESULT THAT PARKING BECOMES, IN EVERY RESPECT, AN ASSET AND ADVANTAGE FOR DOWNTOWN TOLEDO.

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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 $4,320,457

Investment Income $100,432

Other Revenue $0

TOTAL REVENUE $4,420,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $476,076

Fundraising Expenses $0

Program Expenses $3,915,827

Other Expenses $3,564,340

TOTAL EXPENSES $4,040,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,420,889	$4,319,963	+0.0%
Expenses	$4,040,416	$3,946,951	+0.0%
Net Income	$380,473	$373,012	+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

N/A

Employees

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

$847,048

Total Directors

$1,270,749

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS WINSTON	PRESIDENT	2.00	Officer Director	$0	$68,619	$421,819
JOE CAPPEL	DIRECTOR	2.00	Director	$0	$34,380	$215,690
DAWN WENK	SECRETARY	2.00	Officer Director	$0	$50,692	$239,841
KATHLEEN DESPOTH	TREASURER	8.00	Officer Director	$0	$29,789	$185,388
BRIAN PERZ	DIRECTOR	2.00	Director	$0	$47,243	$208,011

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	$4,420,889	$4,040,416	$5,717,061	$380,473
2023	$4,319,963	$3,946,951	$5,229,667	$373,012
2022	$4,560,054	$4,194,356	$5,076,829	$365,698
2021	$3,790,099	$3,431,571	$4,532,286	$358,528
2020	$3,418,085	$3,411,506	$4,202,376	$6,579
2019	$5,480,207	$4,978,602	$4,832,317	$501,605
2018	$5,192,906	$4,571,028	$4,043,811	$621,878

PARKSMART