FRIENDS OF RIVERSIDE PARK INC (EIN 862501840) - 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

PATRICK STEPHENS

Phone

6083850490

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF RIVERSIDE PARK INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $386K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 213% operating deficit.

Mission

TO SUPPORT ALL OF THE CITY OF LA CROSSE, WI PARK LAND. THE ORGANIZATION IDENTIFIES NEEDS AND RAISES FUNDS TO ENHANCE CITY PARKS FOR CURRENT AND FUTURE CITIZENS AND VISITORS TO ENJOY FOR RECREATION, MUSIC ACTIVITIES, SOCIAL GATHERINGS AND RELAXATION.

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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 $386,091

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $386,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,208,139

Other Expenses $1,208,219

TOTAL EXPENSES $1,208,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$386,091	$902,700	-0.6%
Expenses	$1,208,219	$46,217	+25.1%
Net Income	$-822,128	$856,483	-2.0%

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
TERRY BAUER	SECRETARY	N/A	Officer Director	$0	$0	$0
DAVID CLEMENTS	TREASURER	N/A	Officer Director	$0	$0	$0
BARB FRAHMM	DIRECTOR	N/A	Officer Director	$0	$0	$0
BRIAN JACKSON	DIRECTOR	N/A	Officer Director	$0	$0	$0
KATE KROLL	DIRECTOR	N/A	Officer Director	$0	$0	$0
ABBIE LEITHOLD	DIRECTOR	N/A	Officer Director	$0	$0	$0
BILL LA RUE	DIRECTOR	N/A	Officer Director	$0	$0	$0
PATRICK STEPHENS	PRESIDENT	N/A	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
2025	$386,091	$1,208,219	$180,944	$-822,128
2025	$386,191	$1,046,454	$177,214	$-660,263
2024	$902,700	$46,217	$1,003,072	$856,483
2024	$1,039,200	$220,157	$1,003,072	$819,043
2023	$195,970	$270,000	$146,589	$-74,030
2022	$221,920	$56,773	$220,619	$165,147

FRIENDS OF RIVERSIDE PARK INC