PARKS ARTS RECREATION AND CULTURAL FOUNDATION OF THURSTON COUNTY (EIN 911928020) - 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

1998

Legal Domicile

Principal Officer

James Reddick

Phone

3603520980

Tax Period

2023-01-01 to 2023-12-31

PARKS ARTS RECREATION AND CULTURAL FOUNDATION OF THURSTON COUNTY, founded in 1998, is a small nonprofit in the Recreation & Sports sector that reported $196K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $174K left a modest 11% surplus.

Mission

Providing funds to enhance parks, arts, recreation and cultural activities in Thurston County, Washington.

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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 $135,413

Program Service Revenue $48,500

Investment Income $12,530

Other Revenue $0

TOTAL REVENUE $196,443

Expense Breakdown

Grants Paid $48,148

Salaries & Benefits $0

Fundraising Expenses $31,434

Program Expenses $113,992

Other Expenses $96,299

TOTAL EXPENSES $174,447

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,443	$257,997	-0.2%
Expenses	$174,447	$134,394	+0.3%
Net Income	$21,996	$123,603	-0.8%

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

150

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
Andrew Beattie	Director	1	Director	$0	$0	$0
Eric Belgau	Director	1	Director	$0	$0	$0
Robert Droll	Director	1	Director	$0	$0	$0
Davor Gjurasic	Director	1	Director	$0	$0	$0
Joel Hansen	Director	1	Director	$0	$0	$0
Jennifer Hermann	Director	1	Director	$0	$0	$0
Philip Kerrigan	Director	1	Director	$0	$0	$0
Hanford McCloud	Director	1	Director	$0	$0	$0
Esteban Pinto	Director	1	Director	$0	$0	$0
Preston Porter	Director	1	Director	$0	$0	$0
Cynthia Pratt	Director	1	Director	$0	$0	$0
Alexandria Safiq	Director	1	Director	$0	$0	$0
Josh Sneva	Director	1	Director	$0	$0	$0
Ashley Chandler	President	5	Officer	$0	$0	$0
Michelle Gipson	Vice-President	5	Officer	$0	$0	$0
James Reddick	Treasurer	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	No data	No data	No data	No data
2023	$196,443	$174,447	$527,885	$21,996
2022	$257,997	$134,394	$474,956	$123,603

PARKS ARTS RECREATION AND CULTURAL FOUNDATION OF THURSTON COUNTY