HASTINGS AREA RECREATIONAL CORPORATION (EIN 833826371) - 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

2019

Legal Domicile

Principal Officer

NICK CARTER

Phone

2699459911

Tax Period

2019-07-01 to 2020-06-30

HASTINGS AREA RECREATIONAL CORPORATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $200K in total revenue in fiscal year 2019. The organization ran a surplus of $196K, a strong 98% operating margin.

Mission

THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES: TO DEVELOP NEW, ENHANCE EXISTING, AND IMPROVE AVAILABILITY OF THE ACCESS TO SAFE, CLEAN AND AFFORDABLE COMMUNITY RECREATION, FITNESS AND PARK PROGRAMS AND FACILITIES THAT PROVIDE HEALTHY PHYSICAL ACTIVITY OPPORTUNITIES IN THE CITY OF HASTINGS, MICHIGAN AND BARRY COUNTY, MICHIGAN.

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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 (2019)

Revenue Breakdown

Contributions & Grants $200,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,125

Other Expenses $3,890

TOTAL EXPENSES $3,890

Year-over-Year Comparison

	2019	2018	Change
Revenue	$200,000	N/A	N/A
Expenses	$3,890	N/A	N/A
Net Income	$196,110	N/A	N/A

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
NICK CARTER	INTERIM PRES	1.00	Director	$0	$0	$0
JULIE FOX	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL MOYLE	DIRECTOR	1.00	Director	$0	$0	$0
WILLARD REDMAN	PRESIDENT -	1.00	Officer Director	$0	$0	$0
CARL SCHOESSEL	DIRECTOR	1.00	Director	$0	$0	$0
BRET SIMONTON	TREASURER	1.00	Officer 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
2020	$200,000	$3,890	$196,110	$196,110

HASTINGS AREA RECREATIONAL CORPORATION