ANACORTES PARKS FOUNDATION (EIN 911662395) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

Warren Tessler

Phone

3609413014

Tax Period

2024-01-01 to 2024-12-31

Anacortes Parks Foundation, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $143K in total revenue in fiscal year 2020. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $124K left a modest 13% surplus.

Mission

To promote development and support of park and recreation projects and programs in and around Anacortes, WA

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $388,813

Program Service Revenue $0

Investment Income $21,211

Other Revenue $5,064

TOTAL REVENUE $415,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $159,760

Other Expenses $169,574

TOTAL EXPENSES $169,574

Year-over-Year Comparison

	2024	2023	Change
Revenue	$415,088	$192,085	+1.2%
Expenses	$169,574	$224,893	-0.2%
Net Income	$245,514	$-32,808	-8.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Colleen Sargent	Director	0.5	Director	$0	$0	$0
Bert Clay	Director	0.5	Director	$0	$0	$0
John Pope	Director	0.5	Director	$0	$0	$0
Cynthia Richardson	Director	0.5	Director	$0	$0	$0
Warren Tessler	President	0.5	Officer	$0	$0	$0
Vicki Stasch	Secretary	0.5	Officer	$0	$0	$0
Bruce Henderson	Vice President	0.5	Officer	$0	$0	$0
Troy Kunz	Treasurer	0.5	Officer	$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	$415,088	$169,574	$1,228,864	$245,514
2023	$192,085	$224,893	$983,105	$-32,808
2022	$276,316	$184,072	$1,016,075	$92,244
2021	$321,463	$48,546	$923,267	$272,917
2020	$143,305	$124,173	$650,350	$19,132

ANACORTES PARKS FOUNDATION