PARKUTOLEDO 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

Principal Officer

KATHLEEN DESPOTH

Phone

4193448484

Tax Period

2025-01-01 to 2025-12-31

PARKUTOLEDO INC, founded in 2021, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2025. Expenses of $7.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

LEASE, OPERATE, MAINTAIN AND IMPROVE PARKING SYSTEM AT THE UNIVERSITY OF TOLEDO

Program Service Accomplishments

Program 1

Expenses: $6,417,186 Revenue: $6,308,244

LEASE, OPERATE, MAINTAIN AND IMPROVE PARKING SYSTEM AT THE UNIVERSITY OF TOLEDO

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,308,244

Investment Income $552,825

Other Revenue $0

TOTAL REVENUE $6,861,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,417,186

Other Expenses $7,701,909

TOTAL EXPENSES $7,701,909

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,861,069	$6,893,160	0.0%
Expenses	$7,701,909	$7,530,490	+0.0%
Net Income	$-840,840	$-637,330	+0.3%

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

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

$889,525

Total Directors

$1,338,518

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS J WINSTON	PRESIDENT	1.00	Officer Director	$0	$70,265	$435,062
KATHLEEN A DESPOTH	TREASURER	1.00	Officer Director	$0	$30,983	$198,761
DAWN M WENK	SECRETARY	1.00	Officer Director	$0	$52,136	$255,702
JOE W CAPPEL	TRUSTEE	1.00	Director	$0	$35,554	$226,397
BRIAN J PERZ	TRUSTEE	1.00	Director	$0	$48,893	$222,596

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
2025	$6,861,069	$7,701,909	$68,304,401	$-840,840
2024	No data	No data	No data	No data
2023	$6,710,699	$7,217,992	$71,392,940	$-507,293
2022	$5,936,952	$7,527,133	$72,312,253	$-1,590,181
2021	$1,575,805	$1,703,697	$71,745,822	$-127,892