Spokane Parks Foundation (EIN 916033504) - 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

2002

Legal Domicile

Principal Officer

Wade Schertenlieb

Phone

5093265233

Tax Period

2024-01-01 to 2024-12-31

Spokane Parks Foundation, founded in 2002, is a small nonprofit that reported $530K in total revenue in fiscal year 2024. The organization ran a surplus of $139K, a strong 26% operating margin.

Mission

Improve parks in the greater Spokane area through donations for activities & community projects.

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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 $342,024

Program Service Revenue $12,559

Investment Income $184,428

Other Revenue $-8,601

TOTAL REVENUE $530,410

Expense Breakdown

Grants Paid $229,837

Salaries & Benefits $87,493

Fundraising Expenses $7,709

Program Expenses $337,766

Other Expenses $74,205

TOTAL EXPENSES $391,535

Year-over-Year Comparison

	2024	2023	Change
Revenue	$530,410	$557,539	0.0%
Expenses	$391,535	$292,207	+0.3%
Net Income	$138,875	$265,332	-0.5%

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

Volunteers

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

$80,317

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wade Schertenlieb	President	2.00	Officer Director	$0	$0	$0
Gene Fitzpatrick	Treasurer	2.00	Officer Director	$0	$0	$0
Craig Anderson	Secretary	1.00	Officer Director	$0	$0	$0
Kevin Hennessey	Immediate Past President	1.00	Officer Director	$0	$0	$0
Barbara Richey	Spokane Park Board Trustee	1.00	Director	$0	$0	$0
Mel Fowler	Spokane County Park Board	1.00	Director	$0	$0	$0
Annie Blake-Burke	Member at Large	1.00	Director	$0	$0	$0
Dana Harbaugh	Member at Large	1.00	Director	$0	$0	$0
Bill Bender	Member at Large	1.00	Director	$0	$0	$0
Massoud Emani	Member at Large	1.00	Director	$0	$0	$0
Roger Chase	Member at Large	1.00	Director	$0	$0	$0
Ted McGregor	Member at Large	1.00	Director	$0	$0	$0
Amy Lutz	Member at Large	1.00	Director	$0	$0	$0
Yvonne Trudeau	Executive Director	40.00	Officer	$80,317	$0	$80,317

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	$530,410	$391,535	$2,278,566	$138,875
2023	$557,539	$292,207	$2,089,732	$265,332
2022	$489,435	$336,827	$1,619,333	$152,608
2021	$913,693	$562,530	$1,661,727	$351,163
2020	$1,032,239	$829,039	$1,222,445	$203,200
2019	$638,825	$965,197	$1,008,661	$-326,372
2018	$766,049	$598,707	$1,173,702	$167,342

Spokane Parks Foundation