SARIS BIKE PARKS FOR KIDS FOUNDATION INC (EIN 871041759) - 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

CHRISTOPHER S FORTUNE

Phone

6085136156

Tax Period

2024-01-01 to 2024-12-31

SARIS BIKE PARKS FOR KIDS FOUNDATION INC, founded in 2021, is a micro nonprofit in the Recreation & Sports sector that reported $35K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $46K exceeded revenue, resulting in a 29% operating deficit.

Mission

ASSIST MUNICIPALITIES AND OTHER NONPROFIT ENTITIES IN DEVELOPING BIKE, SKATEBOARD AND OTHER RECREATIONAL PARKS FOR USE BY CHILDREN AND ADULTS.

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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 $16,191

Program Service Revenue $0

Investment Income $19,244

Other Revenue $0

TOTAL REVENUE $35,435

Expense Breakdown

Grants Paid $13,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,000

Other Expenses $32,647

TOTAL EXPENSES $45,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,435	$28,089	+0.3%
Expenses	$45,647	$33,303	+0.4%
Net Income	$-10,212	$-5,214	+1.0%

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

N/A

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
CHRISTOPHER FORTUNE	PRESIDENT & DIRECTOR	1.00	Officer Director	$0	$0	$0
WALTER MEANWELL	DIRECTOR BOARD TREASURER	0.00	Officer Director	$0	$0	$0
ALLEN ARNTSEN	DIRECTOR BOARD SECRETARY	0.00	Officer Director	$0	$0	$0
PATRICK REMINGTON	DIRECTOR BOARD MEMBER	0.00	Director	$0	$0	$0
SUSAN SCHMITZ	DIRECTOR BOARD MEMBER	0.00	Director	$0	$0	$0
GARY PETERSON	DIRECTOR BOARD MEMBER	0.00	Director	$0	$0	$0
DAVE CIESLEWICZ	DIRECTOR BOARD MEMBER	0.00	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	$35,435	$45,647	$400,266	$-10,212
2023	$28,089	$33,303	$397,732	$-5,214
2022	$20,474	$85,759	$378,530	$-65,285
2021	$511,086	$50,300	$455,713	$460,786

SARIS BIKE PARKS FOR KIDS FOUNDATION INC