THE PEOPLE'S PARK FOUNDATION INC (EIN 862900300) - 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

2021

Legal Domicile

Principal Officer

BOB HURLEY

Phone

8622273055

Tax Period

2024-01-01 to 2024-12-31

THE PEOPLE'S PARK FOUNDATION INC, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $750K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $704K left a modest 6% surplus.

Mission

TO STRENGTHEN THE COMMUNITY AND ENRICH LIVES OF THE PEOPLE OF NEW JERSEY BY SERVING AS A COMMUNITY PARTNER FOR LIBERTY PARK IN JERSEY CITY, NJ BY PROVIDING FINANCIAL SUPPORT AND OTHER RESOURCES TO RESTORE, ENHANCE, IMPROVE, AND MAINTAIN THE PARK.

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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 $750,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $750,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,945

Fundraising Expenses $0

Program Expenses $520,705

Other Expenses $487,348

TOTAL EXPENSES $704,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$750,000	$1,500,000	-0.5%
Expenses	$704,293	$1,352,508	-0.5%
Net Income	$45,707	$147,492	-0.7%

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

Volunteers

150

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

$200,000

Total Directors

$200,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB HURLEY	PRESIDENT	40.00	Officer Director	$200,000	$0	$200,000
JERRY WALKER	DIRECTOR	5.00	Director	$0	$0	$0
GERRY MCCANN	DIRECTOR	5.00	Director	$0	$0	$0
ELNARDO WEBSTER	DIRECTOR	5.00	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	$750,000	$704,293	$628,773	$45,707
2023	$1,500,000	$1,352,508	$610,692	$147,492
2022	$1,000,000	$1,068,197	$593,648	$-68,197
2021	$1,100,000	$600,516	$625,367	$499,484

THE PEOPLE'S PARK FOUNDATION INC