SARIS BIKE PARKS FOR KIDS FOUNDATION INC

EIN: 871041759 501(c)(3) Recreation & Sports

MADISON, WI

Total Revenue
$35,435
Total Expenses
$45,647
Total Assets
$400,266
Net Assets
$400,266
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
WI
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

THE PURPOSE OF THE ORGANIZATION IS TO ASSIST MUNICIPALITIES AND OTHER NONPROFIT ENTITIES IN DEVELOPING BIKE, SKATEBOARD AND OTHER RECREATIONAL PARKS FOR USE BY CHILDREN AND ADULTS. IN DEVELOPING THE PARKS, THE ORGANIZATION WILL ASSIST WITH RAISING OR PROVIDING GRANTS TO THE MUNICIPALITY, AS WELL AS PROVIDING ASSISTANCE FOR THE DEVELOPING ORGANIZATION WITH ANY OTHER ASPECTS OF THE PARKS THEY DESIRE.

Program Service Accomplishments

Program 1
Expenses: $13,000

FUNDING BIKE PARK PROJECTS IN NEIGHBORHOOD SPACES, TO SERVE UNDERREPRESENTED KIDS, TEENS AND YOUNG ADULTS. PROVIDE RESOURCES AND GUIDANCE TO ASSIST WITH THE PROCESS OF INCOPORATING BIKE PARKS INTO...

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FUNDING BIKE PARK PROJECTS IN NEIGHBORHOOD SPACES, TO SERVE UNDERREPRESENTED KIDS, TEENS AND YOUNG ADULTS. PROVIDE RESOURCES AND GUIDANCE TO ASSIST WITH THE PROCESS OF INCOPORATING BIKE PARKS INTO PUBLIC PARKS. IN 2024 SARIS BIKE PARKS FOR KIDS PROVIDED SUPPORT TO THE MADISON PARKS FOUNDATION IN MADISON WI TO BE USED FOR THE MADISON SKATEPARKS FUND. THE FOUNDATION ALSO SUPPORTED BIKES FOR KIDS WISCONSIN WHICH IS DEDICATED TO PROVIDING BICYCLE-BASED TRANSPORTATION TO THOSE MOST IN NEED.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
7
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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