Friends of Hempfield Parks

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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

2023

Legal Domicile

Phone

7243969084

Tax Period

2024-01-01 to 2024-12-31

Friends of Hempfield Parks, founded in 2023, is a small nonprofit in the Recreation & Sports sector that reported $280K in total revenue in fiscal year 2024. Revenue surged 21664% from the prior year, signaling strong growth momentum. Expenses of $253K left a modest 10% surplus.

Mission

To enhance and assure the quality of life of Hempfield residents and those who travel into the Township by providing a diversity of safe, accessible, culturally based, family-oriented, well-maintained and protected, economically responsible and strategically located parks.

Program Service Accomplishments

Program 1

Expenses: $253,430

The Friends of Hempfield Parks intend to work to enhance and assure the quality of life of Hempfield Township residents and those who travel into the Township by providing a diversity of safe...

The Friends of Hempfield Parks intend to work to enhance and assure the quality of life of Hempfield Township residents and those who travel into the Township by providing a diversity of safe, accessible, culturally based, family-oriented, well-maintained and protected, economically responsible and strategically located parks and recreation resources.

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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 $250,600

Program Service Revenue $0

Investment Income $0

Other Revenue $29,509

TOTAL REVENUE $280,109

Expense Breakdown

Grants Paid $250,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $253,430

Other Expenses $3,430

TOTAL EXPENSES $253,430

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,109	$1,287	+216.6%
Expenses	$253,430	N/A	N/A
Net Income	$26,679	$1,287	+19.7%

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
Stacy Giles	Member	2.00	Director	$0	$0	$0
Kristin Grabiak	Secretary	2.00	Director	$0	$0	$0
Zachary Homway	Member	2.00	Director	$0	$0	$0
John Santarlas	Member	2.00	Director	$0	$0	$0
Travis Welch	Member	2.00	Director	$0	$0	$0
TJ Black	Treasurer	2.00	Officer Director	$0	$0	$0
Matthew Iezzi	Co-Chair	2.00	Officer Director	$0	$0	$0
John Salton	Chair	2.00	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	$280,109	$253,430	$27,966	$26,679