FRIENDS OF OCONOMOWOC PARKS & TRAILS INC (EIN 854353311) - Form 990 Financial Analysis & Trantor Score

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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

GINA MARKSON MAGNUS

Phone

2624247640

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF OCONOMOWOC PARKS & TRAILS INC, founded in 2020, is a small nonprofit in the Recreation & Sports sector that reported $471K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $712K exceeded revenue, resulting in a 51% operating deficit.

Mission

THE ORGANIZATION WORKS IN PARTNERSHIP WITH THE CITY OF OCONOMOWOC AND SURROUNDING MUNICIPALITIES TO CONSERVE, PROTECT, IMPROVE AND ENHANCE AREA PARKS AND TRAILS TO BENEFIT THE GENERAL PUBLIC. IT SUPPORTS OPPORTUNITIES TO EDUCATE THE PUBLIC ABOUT THESE RESOURCES AND SERVES AS A CHARTIABLE CONDUIT TO PROVIDE FINANCIAL SUPPORT AND HELP TO CARRY OUT THE WORK OF LOCAL ORGANIZATIONS.

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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 $456,816

Program Service Revenue $4,017

Investment Income $10,000

Other Revenue $0

TOTAL REVENUE $470,833

Expense Breakdown

Grants Paid $704,148

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $711,368

Other Expenses $8,112

TOTAL EXPENSES $712,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$470,833	$328,798	+0.4%
Expenses	$712,260	$170,407	+3.2%
Net Income	$-241,427	$158,391	-2.5%

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

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
TERRY KALDHUSDAL	PRESIDENT	2.00	Officer Director	$0	$0	$0
LISA RIDOLFI	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KATIE MILLER	SECRETARY	2.00	Officer Director	$0	$0	$0
GINA MARKSON MAGNUS	TREASURER	10.00	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	$470,833	$712,260	$147,437	$-241,427
2023	$328,798	$170,407	$388,864	$158,391
2022	$428,986	$530,821	$230,473	$-101,835
2021	$335,095	$2,787	$332,308	$332,308

FRIENDS OF OCONOMOWOC PARKS & TRAILS INC