MONROE PLAYGROUND FOUNDATION INC

EIN: 825410863 501(c)(3) Recreation & Sports

MONROE, CT

Total Revenue
$256,764
Total Expenses
$387,452
Total Assets
$45,201
Net Assets
$45,127
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CT
Principal Officer
MICHAEL GANINO
Phone
2039293535
Tax Period
2022-01-01 to 2022-12-31

MONROE PLAYGROUND FOUNDATION INC, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $257K in total revenue in fiscal year 2022. Revenue surged 203% from the prior year, signaling strong growth momentum. Expenses of $387K exceeded revenue, resulting in a 51% operating deficit.

Mission

THE MONROE PLAYGROUND FOUNDATON WAS FORMED IN THE FALL OF 2017. OUR MISSION IS TO WORK WITH RESIDENTS, FAMILIES, AND THE TOWN OF MONROE TO PROVIDE OUR COMMUNITY WITH A SAFE AND CREATIVE PLAYGROUND ENVIRONMENT WHERE FAMILIES CAN INTERACT AND SUPERVISE THEIR CHILDREN AT PLAY AND HELP MAKE IT A PLACE WHERE GENERATIONS CAN COME TOGETHER AND CREATE SPECIAL MEMORIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $183,267
Program Service Revenue $0
Investment Income $0
Other Revenue $73,497
TOTAL REVENUE $256,764

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $382,123
Other Expenses $387,452
TOTAL EXPENSES $387,452

Year-over-Year Comparison

2022 2021 Change
Revenue $256,764 $84,621 +2.0%
Expenses $387,452 $4,185 +91.6%
Net Income $-130,688 $80,436 -2.6%
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

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

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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
12
Independent Members
12
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMANDA BEAN 1122 - 123122 BOARD MEMBER 10.00
Director
$0 $0 $0
FRANK BENT 1122 - 123122 BOARD MEMBER 5.00
Director
$0 $0 $0
JULIE FROST 1122 - 123122 BOARD MEMBER 4.00
Director
$0 $0 $0
NINA GAGNON 1122 - 123122 BOARD MEMBER 12.00
Director
$0 $0 $0
TAMMY JULIAN 1122 - 123122 BOARD MEMBER 4.00
Director
$0 $0 $0
JEREMY ROSENZWEIG 1122 - 123122 BOARD MEMBER 4.00
Director
$0 $0 $0
JOSHUA STERNTHAL 1122 - 123122 BOARD MEMBER 4.00
Director
$0 $0 $0
HERMAN OLIVERIA 1122 - 123122 BOARD MEMBER 2.50
Director
$0 $0 $0
DAN KEENE 1122 - 123122 CHAIRMAN 20.00
Officer
$0 $0 $0
MICHAEL GANINO 1122 - 123122 VICE CHAIR 20.00
Officer
$0 $0 $0
JENNIFER CRISTO 1122 - 123122 TREASURER 20.00
Officer
$0 $0 $0
LISA KEENE 1122 - 123122 SECRETARY 15.00
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 $256,764 $387,452 $45,201 $-130,688
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