PARKS FOUNDATION OF ISLIP TOWN INC

EIN: 824135181 501(c)(3) Community Improvement

ISLIP, NY

Total Revenue
$142,000
Total Expenses
$234,235
Total Assets
$80,719
Net Assets
$80,719
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Principal Officer
JOHN KING
Phone
2122371132
Tax Period
2025-01-01 to 2025-12-31

PARKS FOUNDATION OF ISLIP TOWN INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $142K in total revenue in fiscal year 2025. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $234K exceeded revenue, resulting in a 65% operating deficit.

Mission

THE PARKS FOUNDATION OF ISLIP TOWN IS AN INDEPENDENT NON-PROFIT ORGANIZATION. OUR MISSION IS TO ASSIST WITH THE IMPROVEMENT AND ENHANCEMENT OF PARKS AND OTHER RECREATIONAL FACILITIES LOCATED WITHIN THE TOWN OF ISLIP FOR OUR RESIDENTS AND VISITORS, AND TO ASSIST IN FUNDING THOSE SPECIAL PROJECTS THAT GO BEYOND NORMAL BUDGET ALLOCATIONS. THE PARKS FOUNDATION CAME TOGETHER TO WORK ON SPECIAL PROJECTS LIKE SERENITY GARDENS WHICH WILL SERVE RESIDENTS WHO MAY NOT NORMALLY FREQUENT PUBLIC PARKS. IT ALSO PROVIDES THE OPPORTUNITY TO MAKE DONATIONS TO OTHER TOWN WIDE FACILITIES SUCH AS INDIVIDUAL RECREATIONAL FACILITIES, PARKS, BEACHES, AND MARINAS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $142,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $142,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $230,334
Other Expenses $234,235
TOTAL EXPENSES $234,235

Year-over-Year Comparison

2025 2024 Change
Revenue $142,000 $272,250 -0.5%
Expenses $234,235 $246,297 0.0%
Net Income $-92,235 $25,953 -4.6%
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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Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
6
Independent Members
6
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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW BARBARA VICE-PRESIDE 2.00
Director
$0 $0 $0
DWAYNE DIESU SECRETARY 2.00
Director
$0 $0 $0
JOHN KING PRESIDENT 2.00
Officer Director
$0 $0 $0
DAN LEVLER TRUSTEE 2.00
Director
$0 $0 $0
TOM MCATEER TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL MORIARITY TREASURER 2.00
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
2025 $142,000 $234,235 $80,719 $-92,235
2024 $272,250 $246,297 $172,954 $25,953
2023 $450,750 $564,841 $147,001 $-114,091
2022 $316,000 $56,250 $261,092 $259,750
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