FRIENDS OF HOYT PARK & POOL INC

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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

2006

Legal Domicile

Principal Officer

ELSA KNYSAK

Phone

4143029160

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF HOYT PARK & POOL INC, founded in 2006, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO ENHANCE THE QUALITY OF LIFE FOR ALL MEMBERS OF THE COMMUNITY BY SUPPORTING THE ON-GOING OPERATION OF A MEDIUM SIZED OUTDOOR FAMILY POOL AND COMMUNITY GATHERING SPACE AT HOYT PARK, AND PRESERVING THE NATURAL BEAUTY OF THE SURROUNDING PARK AND ADJACENT MENOMONEE RIVER.

Program Service Accomplishments

Program 1

Expenses: $1,785,076 Revenue: $1,670,354

THE ORGANIZATION OPERATES A MEDIUM SIZED OUTDOOR FAMILY POOL AND COMMUNITY GATHERING SPACE AT HOYT PARK. DURING THE 2024 SEASON, TOSA POOL HAD OVER 90,000 VISITORS TO ITS OPEN SWIM, MEMBER LAP SWIM HOURS AND MEMBER NIGHTS. 1,535 FAMILY MEMBERSHIPS, 1,000 INDIVIDUAL, 312 CAREGIVER PASSES, AND 312 LAP SWIM PASSES WERE SOLD. THE ORGANIZATION SERVED THE COMMUNITY BY OFFERING OVER 1,200 HOURS OF LAP SWIMMING, PROVIDED JOBS FOR 119 WORKERS IN OUR FACILITIES AND OVER 300 CHILDREN LEARNED TO SWIM THANKS TO ITS PARTNER WAUWATOSA RECREATION DEPARTMENT.

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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 $28,551

Program Service Revenue $1,547,879

Investment Income $684

Other Revenue $130,245

TOTAL REVENUE $1,707,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $847,135

Fundraising Expenses $15,631

Program Expenses $1,785,076

Other Expenses $1,048,438

TOTAL EXPENSES $1,895,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,707,359	$1,764,741	0.0%
Expenses	$1,895,573	$1,923,165	0.0%
Net Income	$-188,214	$-158,424	+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

119

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

$99,861

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARB HOLTZ	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
KAREN SPINDLER	BOARD VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MATTHEW ASTBURY	TREASURER	5.00	Officer Director	$0	$0	$0
BRAD FOLEY	BOARD SECRETARY	5.00	Officer Director	$0	$0	$0
BRENDAN CONWAY	BOARD DIRECTOR	2.00	Director	$0	$0	$0
AARON HERTZBERG	BOARD DIRECTOR	2.00	Director	$0	$0	$0
DENNIS MCBRIDE	BOARD DIRECTOR	2.00	Director	$0	$0	$0
WITNE NEIL	BOARD DIRECTOR	2.00	Director	$0	$0	$0
LINDA SULLIVAN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
LAURA TEMKE	BOARD DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW VANDERKAMP	BOARD DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN SLAWSKI	EXECUTIVE DIRECTOR	40.00	Officer	$97,025	$2,836	$99,861

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	$1,707,359	$1,895,573	$6,134,862	$-188,214
2023	$1,764,741	$1,923,165	$6,225,910	$-158,424
2022	$1,566,924	$1,744,219	$6,241,185	$-177,295
2021	$1,528,114	$1,646,128	$6,559,517	$-118,014
2020	$1,159,414	$1,467,115	$6,581,135	$-307,701
2019	$1,370,951	$1,531,328	$6,733,775	$-160,377
2018	$1,482,918	$1,509,378	$6,660,056	$-26,460