Tibbetts All Ability Park Foundation Inc (EIN 870851800) - 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

Chelsea Chairion

Phone

5054861512

Tax Period

2024-01-01 to 2024-12-31

Tibbetts All Ability Park Foundation Inc, founded in 2021, is a small nonprofit in the Youth Development sector that reported $462K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $540K exceeded revenue, resulting in a 17% operating deficit.

Mission

To Provide Support and Funding to Promote, Maintain and Improve Tibbetts All Ability Park and Other All Ability Play Elements within the City of Farmington, Parks and Recreation and Cultural Affairs Department

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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 $386,843

Program Service Revenue $0

Investment Income $75,607

Other Revenue $0

TOTAL REVENUE $462,450

Expense Breakdown

Grants Paid $125,000

Salaries & Benefits $0

Fundraising Expenses $3,880

Program Expenses $534,658

Other Expenses $414,796

TOTAL EXPENSES $539,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$462,450	$1,337,453	-0.7%
Expenses	$539,796	$978	+550.9%
Net Income	$-77,346	$1,336,475	-1.1%

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
Chelsea Chairion	President	1.00	Officer Director	$0	$0	$0
Marilyn Montoya	Vice President	1.00	Officer Director	$0	$0	$0
Morgan Cochran	Secretary	1.00	Officer Director	$0	$0	$0
Jessica Lazenby	Treasurer	1.00	Officer Director	$0	$0	$0
Katie Ashley	Past President	1.00	Officer Director	$0	$0	$0
Jackie Reddy	Membership Chr	1.00	Officer Director	$0	$0	$0
Rick Griffiths	Board Member	1.00	Director	$0	$0	$0
Christa Kulidge	Board Member	1.00	Director	$0	$0	$0
John Dean	Board Member	1.00	Director	$0	$0	$0
Valerie Sandoval	Board Member	1.00	Director	$0	$0	$0
Deborah Schwab	Board Member	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	$462,450	$539,796	$1,589,798	$-77,346
2023	$1,337,453	$978	$1,667,144	$1,336,475
2022	$319,142	$1,562	$330,669	$317,580

Tibbetts All Ability Park Foundation Inc