PATERSON, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF PATERSON PARKS A NJ NONPROFIT CORPORATION, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $254K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $552K exceeded revenue, resulting in a 117% operating deficit.
Friends of Paterson Parks is a non-profit organization based in Paterson New Jersey. Its mission is to protect enhance and advocate for the citys park system by pursuing grant opportunities soliciting corporate donations conducting annual fundraising campaigns and pursuing all available avenues of fundraising exclusively for the benefit of the city parks. The organization was founded in 2019 by dedicated volunteers passionate about preserving and improving Patersons parks. They recognized the importance of public green spaces for the health and well-being of the community and the vital role that parks play in creating a sense of place and identity for Patersons residents. One of the key ways that Friends of Paterson Parks supports the citys park system is by pursuing grant opportunities. The organization works with government agencies private foundations and other organizations to secure funding for park improvement projects such as the installation of new playground equip
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $254,215 | $684,500 | -0.6% |
| Expenses | $551,664 | $242,788 | +1.3% |
| Net Income | $-297,449 | $441,712 | -1.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| FRED ARDIS | PRESIDENT | 10.00 |
Director
|
$0 | $0 | $0 |
| MURAT BAYCORA | VP | 10.00 |
Director
|
$0 | $0 | $0 |
| DACIL TILOS | TREASURER | 10.00 |
Director
|
$0 | $0 | $0 |
| DEBORAH BRAVO | SECRETARY | 10.00 |
Director
|
$0 | $0 | $0 |
| KATHLEEN LONG | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| HUSEYIN RAMIREZ | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| HEPHTE RAMIREZ | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| BENNIE COOK | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| DIPTO ROY | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| JESMIN BEGUM | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM RODRIGUEZ | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $254,215 | $551,664 | $196,803 | $-297,449 |
| 2023 | $684,500 | $242,788 | $494,252 | $441,712 |
Compare FRIENDS OF PATERSON PARKS A NJ NONPROFIT CORPORATION with other nonprofits in New Jersey and across the country.