MIDLAND DOWNTOWN PARK CONSERVANCY

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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

Principal Officer

STEPHANIE MARTIN

Phone

4326878200

Tax Period

2023-10-01 to 2024-09-30

MIDLAND DOWNTOWN PARK CONSERVANCY, founded in 2018, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $294K, a strong 20% operating margin.

Mission

TO PROVIDE A PREMIER GREEN SPACE AND GATHERING PLACE IN DOWNTOWN MIDLAND, ENRICH THE QUALITY OF PLACE FOR OUR RESIDENTS AND VISITORS, AND ACT AS A CATALYST FOR SOCIAL AND ECONOMIC GROWTH.

Program Service Accomplishments

Program 1

Expenses: $462,104

THE MIDLAND DOWNTOWN PARK CONSERVANCY PRIVATELY OPERATES, MANAGES, AND PROGRAMS CENTENNIAL PARK IN DOWNTOWN MIDLAND, TEXAS. CENTENNIAL PARK WAS DEVELOPED AS A HIGH QUALITY URBAN PARK AND OPEN SPACE, WITH RELATED FACILITIES AND AMENITIES FOR THE USE AND ENJOYMENT OF RESIDENTS AND VISITORS OF MIDLAND FOR RECREATIONAL AND EDUCATIONAL PURPOSES, AND FOR THE BEAUTIFICATION OF AND TO ATTRACT BUSINESS AND BUSINESS PATRONS TO DOWNTOWN MIDLAND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,325,541

Program Service Revenue $99,592

Investment Income $66,508

Other Revenue $0

TOTAL REVENUE $1,491,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,950

Fundraising Expenses $0

Program Expenses $462,104

Other Expenses $1,138,426

TOTAL EXPENSES $1,197,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,491,641	$1,536,142	0.0%
Expenses	$1,197,376	$1,098,126	+0.1%
Net Income	$294,265	$438,016	-0.3%

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

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
SCOTT KIDWELL	President	10.00	Officer Director	$0	$0	$0
GRANT BILLINGSLEY	Vice President	5.00	Officer Director	$0	$0	$0
LAURA ROMAN	Treasurer	3.00	Officer Director	$0	$0	$0
BARRY BEAL JR	Director	2.00	Director	$0	$0	$0
ELVIE BROWN	Director	2.00	Director	$0	$0	$0
SHARLA HOTCHKISS	Director	2.00	Director	$0	$0	$0
WES PERRY	Director	2.00	Director	$0	$0	$0
JONNY HEINS	Secretary	3.00	Officer	$0	$0	$0
STEPHANIE MARTIN	Executive Dir.	50.00	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
2024	$1,491,641	$1,197,376	$2,392,216	$294,265
2023	$1,536,142	$1,098,126	$2,107,751	$438,016
2022	$1,289,049	$1,978,412	$1,658,205	$-689,363
2021	$1,983,650	$2,106,108	$2,350,168	$-122,458
2020	$4,920,538	$13,698,234	$2,463,756	$-8,777,696