FRIENDS OF MUNICIPAL PARK

EIN: 844765869 501(c)(3) Human Services

MOBILE, AL

Total Revenue
$215,600
Total Expenses
$117,390
Total Assets
$98,210
Net Assets
$98,210
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AL
Principal Officer
CLIFF KENNEDY
Phone
2517676476
Tax Period
2022-01-01 to 2022-12-31

FRIENDS OF MUNICIPAL PARK, founded in 2020, is a small nonprofit in the Human Services sector that reported $216K in total revenue in fiscal year 2022. The organization ran a surplus of $98K, a strong 46% operating margin.

Mission

THE PRIMARY PURPOSE OF FRIENDS OF MUNICIPAL PARK IS TO RENOVATE MOBILE'S MUNICIPAL PARK TO BETTER SERVE THE SURROUNDING COMMUNITY.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $215,600
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $215,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $117,390
Other Expenses $117,390
TOTAL EXPENSES $117,390

Year-over-Year Comparison

2022 2021 Change
Revenue $215,600 N/A N/A
Expenses $117,390 N/A N/A
Net Income $98,210 $0 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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLIFF KENNEDY DIRECTOR 1.00
Officer Director
$0 $0 $0
ABBY KENNEDY DIRECTOR 1.00
Officer Director
$0 $0 $0
JORDAN GERHEIM DIRECTOR 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
2022 $215,600 $117,390 $98,210 $98,210
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