PARK PALS INC (EIN 830665856) - 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

2018

Legal Domicile

Phone

8124995597

Tax Period

2024-01-01 to 2024-12-31

PARK PALS INC, founded in 2018, is a small nonprofit in the Environment sector that reported $239K in total revenue in fiscal year 2024. Revenue surged 1850% from the prior year, signaling strong growth momentum. The organization ran a surplus of $135K, a strong 56% operating margin.

Mission

To carry on and engage in charitable activities within the meeting of Section 501c3 of the Internal Revenue code; to benefit preserve and protect public parks within the town of Newburgh Indiana the Town to optimize their intrinsic environmental aesthetic and recreational benefits to work with and raise funds for the Towns Parks Board and to do those things in furtherance of the purposes of the Corporation permitted by law.

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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 $238,800

Program Service Revenue $0

Investment Income $336

Other Revenue $0

TOTAL REVENUE $239,136

Expense Breakdown

Grants Paid $102,375

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,375

Other Expenses $1,876

TOTAL EXPENSES $104,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,136	$12,264	+18.5%
Expenses	$104,251	$14,297	+6.3%
Net Income	$134,885	$-2,033	-67.3%

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

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
Joe Kuhn	President	3.00	Officer	$0	$0	$0
Michael Carroll	Treasurer	3.00	Officer	$0	$0	$0
Jordan Dant	Secretary	2.00	Officer	$0	$0	$0
Susan Melfi	Director	2.00	Director	$0	$0	$0
Byron Sherman	Director	2.00	Director	$0	$0	$0
Lisa West	Director	2.00	Director	$0	$0	$0
Mary Ann Wilsbacher	Newburgh Parks Board Liaison Non Voting	5.00	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	No data	No data	No data	No data
2024	$239,136	$104,251	$196,446	$134,885

PARK PALS INC