Normanna Park 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

1963

Legal Domicile

Principal Officer

Selena Splawinski

Phone

4255995391

Tax Period

2024-01-01 to 2024-12-31

Normanna Park Inc, founded in 1963, is a small nonprofit in the Recreation & Sports sector that reported $184K in total revenue in fiscal year 2024. Net assets of $560K represent 36 months of operating reserves.

Mission

Operate a recreational park for fraternal, social, recreational, and amusement purposes, and for the benefit of its members

Program Service Accomplishments

Program 1

Park Operations: The park was open 100% of the time in 2024. Maintenace and repairs were completed for the swimming pool, courtyard and boat launch. Contruction started for the OSA boat house and the OSA boat was moved from temporary winter storage to its permanent storage within the park.

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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 $150,036

Program Service Revenue $26,461

Investment Income $5,063

Other Revenue $2,853

TOTAL REVENUE $184,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,115

Fundraising Expenses $0

Program Expenses $0

Other Expenses $142,257

TOTAL EXPENSES $182,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$184,413	N/A	N/A
Expenses	$182,372	N/A	N/A
Net Income	$2,041	$0	N/A

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

Volunteers

200

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
Selena Splawinski	President	3	Officer Director	$0	$0	$0
Iva Henry	Vice President	1	Officer Director	$0	$0	$0
Chris Langerveld	Secretary	1	Officer Director	$0	$0	$0
Kimberly Halvorsen	Treasurer	3	Officer Director	$0	$0	$0
Dale Anderson	Director	1	Director	$0	$0	$0
Karen Landro	Director	1	Director	$0	$0	$0
Dave Lawson	Director	1	Director	$0	$0	$0
Todd Johnson	Director	1	Director	$0	$0	$0
Wes Erdahl	Director	1	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
2025	No data	No data	No data	No data
2024	$184,413	$182,372	$560,254	$2,041