FRIENDS OF HUNTSVILLE PARKS AND RECREATION (EIN 832718376) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Phone

2564275073

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF HUNTSVILLE PARKS AND RECREATION, founded in 2019, is a community nonprofit in the Environment sector that reported $1.6M in total revenue in fiscal year 2022. Revenue surged 3572% from the prior year, signaling strong growth momentum.

Mission

Friends of Huntsville Parks and Recreation FOHPR is organized for charitable and educational purposes. It operates exclusively for parks recreational arts cultural and educational purposes within the meaning of Section 501c3 of the Internal Revenue Code. The mission is to support the City of Huntsville and to provide parks arts recreation and cultural programs for the public.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,174,020

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,174,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,950

Other Expenses $1,149,595

TOTAL EXPENSES $1,149,595

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,174,020	$1,621,669	-0.3%
Expenses	$1,149,595	$1,615,232	-0.3%
Net Income	$24,425	$6,437	+2.8%

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
James Gossett	Director	5.00	Officer Director	$0	$0	$0
Scott Stapler	Director	3.00	Director	$0	$0	$0
Ken Watson	Director	1.00	Director	$0	$0	$0
Greg Patterson	Director	1.00	Director	$0	$0	$0
Ralph Stone	Director	1.00	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
2023	$1,174,020	$1,149,595	$75,030	$24,425
2022	$1,621,669	$1,615,232	$50,605	$6,437

FRIENDS OF HUNTSVILLE PARKS AND RECREATION