MCKEE PARKS TRAILS AND GREENWAYS

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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

2020

Legal Domicile

Principal Officer

RUSSELL E MCKEE JR

Phone

4232387111

Tax Period

2024-01-01 to 2024-12-31

Mission

MCKEE PARKS, TRAILS AND GREENWAYS WAS CREATED FOR THE PURPOSE OF SOLICITING FUNDS THROUGH CONTRIBUTIONS IN ORDER TO DESIGN, LANDSCAPE AND BUILD VARIOUS PARK STRUCTURES ON A SPECIFIED PLOT OF LAND IN THE CITY OF COLLEGEDALE, TENNESSEE. IT IS THE INTENT OF THE ORGANIZATION TO PASS OWNERSHIP OF THE COMPLETED PARK TO THE CITY.

Program Service Accomplishments

Program 1

Expenses: $3,634

ALL ACTIVITIES ARE FOCUSED ON MAKING ENVIRONMENTAL FRIENDLY, PUBLIC PARKS, TRAILS, GREENWAYS AND OTHER OUTDOOR ACTIVITIES AVAILABLE TO THE GENERAL PUBLIC.THE YEAR ENDING DECEMBER 31, 2020 WAS THE...

ALL ACTIVITIES ARE FOCUSED ON MAKING ENVIRONMENTAL FRIENDLY, PUBLIC PARKS, TRAILS, GREENWAYS AND OTHER OUTDOOR ACTIVITIES AVAILABLE TO THE GENERAL PUBLIC.THE YEAR ENDING DECEMBER 31, 2020 WAS THE INITIAL YEAR FOR THE ORGANIZATION AND THEREFORE THE ONLY EXPENSES INCURRED WERE MANAGEMENT EXPENSES ASSOCIATED WITH DRAFTING AND FILING ALL ORGANIZING DOCUMENTS. IN 2022, APPROXIMATELY $3 MILLION OF CONSTRUCTION IN PROGRESS COSTS WERE INCURRED AND CAPITALIZED. THE TOTAL CONSTRUCTION COSTS ARE ESTIMATED TO BE APPROXIMATELY $5.3 MILLION. IN 2023, APPROXIMATELY $1.7 MILLION OF CONSTRUCTION COSTS WERE INCURRED AND CAPITALIZED. THE COMPLETED PARK WAS OPENED ON JUNE 30, 2023 AND THE CITY OF COLLEGEDALE BEGAN OPERATING THE PARK. TOTAL COST TO BUILD THE PARK WAS APPROXIMATELY $5.8 MILLION. THE CONTINUED PROGRAMMATIC INTENT AND PURPOSE OF THE ORGANIZATION IS TO CONTINUE SUPPORTING PARKS, TRAILS AND GREENWAYS THAT BENEFIT OUR COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,634

Other Expenses $29,122

TOTAL EXPENSES $29,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$1,425,137	-1.0%
Expenses	$29,122	$5,871,234	-1.0%
Net Income	N/A	$-4,446,097	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL E MCKEE JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS MCKEE	VICE-PRESIDENT/SECRETARY	1.00	Officer Director	$0	$0	$0
JACOB STONE	VICE-PRESIDENT	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
2024	No data	$29,122	$160,950	No data
2023	$1,425,137	$5,871,234	$190,072	$-4,446,097
2022	$2,072,000	$35,714	$4,738,573	$2,036,286
2021	$996,002	$18,786	$3,144,847	$977,216
2020	$1,633,811	$11,144	$1,622,667	$1,622,667