SUNSET PARK (EIN 840633270) - 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

1970

Legal Domicile

Principal Officer

DEJERNETTE BEATY

Phone

7033415000

Tax Period

2024-07-01 to 2025-06-30

SUNSET PARK, founded in 1970, is a small nonprofit that reported $370K in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $370K, a strong 100% operating margin.

Mission

TO PLAN, CONSTRUCT, OPERATE, MAINTAIN, IMPROVE, AND PROVIDE RENTAL HOUSING AND RELATED FACILITIES AND SERVICES FOR ELDERLY FAMILIES AND ELDERLY PERSONS ON A NON-PROFIT BASIS SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE AGED, AND CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $146

Investment Income $99,932

Other Revenue $0

TOTAL REVENUE $100,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $502

Other Expenses $1,452

TOTAL EXPENSES $1,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,078	$131,608	-0.2%
Expenses	$1,452	$1,103	+0.3%
Net Income	$98,626	$130,505	-0.2%

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

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

$3,651,421

Total Directors

$868,407

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL W KING	PRESIDENT	N/A	Officer Director	$0	$183,373	$868,407
DAVID NISIVOCCIA	ASST. TREAS/	N/A	Officer	$0	$74,234	$516,603
JOSEPH BUDZYNSKI	ASST TREAS/S	N/A	Officer	$0	$116,809	$465,439
PAUL SOCZYNSKI	ASST. TREAS/	N/A	Officer	$0	$30,221	$378,447
PETER DESJARDINS	ASST. TREAS/	N/A	Officer	$0	$40,506	$319,503
NANCY GAVIN	ASST. SEC/TR	N/A	Officer	$0	$87,852	$285,594
KIMBERLY KING	ASST. TREAS/	N/A	Officer	$0	$33,529	$256,810
DAVID PASKOFF	ASST. TREAS/	N/A	Officer	$0	$17,960	$197,896
DEJERNETTE BEATY	ASST. TREAS/	N/A	Officer	$0	$20,135	$193,522
FAITH NUTZ	ASST. SEC/TR	N/A	Officer	$0	$20,168	$169,200
PATTI ARNOLD	DIRECTOR	N/A	Director	$0	$0	$0
SHAWN BLOOM	DIRECTOR	N/A	Director	$0	$0	$0
KAREN ERICKSON	TREASURER	N/A	Officer Director	$0	$0	$0
KAREN HACKETT	SECRETARY	N/A	Officer Director	$0	$0	$0
CARMEN JACKSON	DIRECTOR	N/A	Director	$0	$0	$0
KEITH KNAPP	DIRECTOR	N/A	Director	$0	$0	$0
BETH MULLEN	DIRECTOR	N/A	Director	$0	$0	$0
DERRICK PERKINS	VICE CHAIR	N/A	Officer Director	$0	$0	$0
JEANNE PETERSON	DIRECTOR	N/A	Director	$0	$0	$0
NANCY RASE	CHAIR	N/A	Officer Director	$0	$0	$0
PATRICK SHERIDAN	DIRECTOR	N/A	Director	$0	$0	$0
JANET STRINGFELLOW	DIRECTOR	N/A	Director	$0	$0	$0
WALTER TEJADA	DIRECTOR	N/A	Director	$0	$0	$0
VORIS VIGEE	DIRECTOR	N/A	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	$100,078	$1,452	$1,877,126	$98,626
2024	$131,608	$1,103	$2,876,804	$130,505
2023	$173,633	$1,239	$3,435,506	$172,394
2022	$223,890	$951	$4,256,769	$222,939
2021	$312,065	$885	$5,350,164	$311,180
2020	$343,213	$875	$6,415,097	$342,338
2019	$370,460	$927	$7,406,628	$369,533

SUNSET PARK