PARKUTOLEDO INC (EIN 872830916) - 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

KATHLEEN DESPOTH

Phone

5672673309

Tax Period

2023-01-01 to 2023-12-31

PARKUTOLEDO INC, founded in 2021, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,161,924

Investment Income $548,775

Other Revenue $0

TOTAL REVENUE $6,710,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,908,962

Other Expenses $7,217,992

TOTAL EXPENSES $7,217,992

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,710,699	$5,936,952	+0.1%
Expenses	$7,217,992	$7,527,133	0.0%
Net Income	$-507,293	$-1,590,181	-0.7%

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

$801,868

Total Directors

$1,205,062

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS J WINSTON	PRESIDENT	1.00	Officer Director	$0	$66,659	$398,981
KATHLEEN A DESPOTH	TREASURER	1.00	Officer Director	$0	$28,662	$174,965
DAWN M WENK	SECRETARY	1.00	Officer Director	$0	$49,437	$227,922
JOE W CAPPEL	TRUSTEE	1.00	Director	$0	$33,263	$205,939
BRIAN J PERZ	TRUSTEE	1.00	Director	$0	$46,076	$197,255

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	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

PARKUTOLEDO INC