HAMTRAMCK PARKS CONSERVANCY (EIN 863441834) - 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

2022

Legal Domicile

Principal Officer

THOMAS HABITZ

Phone

2488943114

Tax Period

2024-01-01 to 2024-12-31

HAMTRAMCK PARKS CONSERVANCY, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $609K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $897K exceeded revenue, resulting in a 47% operating deficit.

Mission

THE ORGANIZATION WAS CREATED TO OPERATE, IMPROVE AND PROVIE FOR EQUITABLE ACCESS TO RECREATIONAL FACILITIES WITHIN THE CITY AND SCHOOL DISTRICT OF HAMTRAMCK. THE CONSERVANCY SEEKS TO PROVIDE THE CREATION, OPERATION, AND MAINTENANCE OF GREEN SPACES, RECREATIONAL GROUNDS AND FACILITIES FOR PUBLIC USE AND PROVIDE HEALTH, EDUCATION, AND WELFARE OPPORTUNITIES TO THE COMMUNITIES SERVED BY THOSE SPACES.

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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 $553,140

Program Service Revenue $0

Investment Income $37,542

Other Revenue $18,725

TOTAL REVENUE $609,407

Expense Breakdown

Grants Paid $399,534

Salaries & Benefits $192,987

Fundraising Expenses $0

Program Expenses $670,998

Other Expenses $304,175

TOTAL EXPENSES $896,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$609,407	$1,529,650	-0.6%
Expenses	$896,696	$135,627	+5.6%
Net Income	$-287,289	$1,394,023	-1.2%

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

Volunteers

210

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

$132,773

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS HABITZ	EXECUTIVE DIRECTOR	40.00	Director	$124,810	$7,963	$132,773
KONRAD MAZIARZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
AMANDA JACZKOWSKI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SEAN MANN	TREASURER	1.00	Officer Director	$0	$0	$0
TOM NICZAY	SECRETARY	1.00	Officer Director	$0	$0	$0
CRAIG DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
JASON EDDLESTON	DIRECTOR	1.00	Director	$0	$0	$0
MAX GARBARINO	DIRECTOR	1.00	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	$609,407	$896,696	$2,114,796	$-287,289
2023	$1,529,650	$135,627	$1,937,962	$1,394,023
2022	$540,537	$4,949	$535,588	$535,588

HAMTRAMCK PARKS CONSERVANCY