Schmidt Family Park Foundation 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

2021

Legal Domicile

Phone

2512214435

Tax Period

2024-01-01 to 2024-12-31

Schmidt Family Park Foundation Inc, founded in 2021, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 34468% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 100% operating margin.

Mission

The Schmidt Family Park the first Miracle League site in Mobile County was constructed following the standards of The Miracle League which is affiliated with 240 similar parks across the United States and Canada. These standards allow children and adults with mental and physical disabilities to experience the joy of Americas favorite pastime. Its more than just a game. The Schmidt Family Park is about making new friends building self-esteem and being treated just like other athletes.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

The Schmidt Family Park grand opening was October 17 2024. Although the park celebrated its grand opening it did not collect any revenues or incur any expenses related to its program services.

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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 $1,037,050

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,037,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $318

TOTAL EXPENSES $318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,037,050	$3,000	+344.7%
Expenses	$318	$2,818	-0.9%
Net Income	$1,036,732	$182	+5695.3%

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
Robert D Brown	President	3.00	Director	$0	$0	$0
Donnie Cunningham	Vice President	3.00	Director	$0	$0	$0
Terry Dixon	Secretary	3.00	Director	$0	$0	$0
Lori A Zirlott	Teasurer	3.00	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	$1,037,050	$318	$1,036,914	$1,036,732