DOWNTOWN PROVIDENCE PARKS NETWORK

EIN: 921293449 501(c)(3) Recreation & Sports

PROVIDENCE, RI

Total Revenue
$605,829
Total Expenses
$568,502
Total Assets
$267,031
Net Assets
$267,031
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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
2023
Legal Domicile
RI
Principal Officer
NORA BARRE'
Phone
4013478107
Tax Period
2024-07-01 to 2025-06-30

DOWNTOWN PROVIDENCE PARKS NETWORK, founded in 2023, is a small nonprofit in the Recreation & Sports sector that reported $606K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $569K left a modest 6% surplus.

Mission

OUR MISSION IS TO ACTIVATE, CONNECT AND ENHANCE PUBLIC SPACES IN THE DOWNTOWN AND ALONG THE WATERWAYS OF PROVIDENCE TO SPARK CIVIC PRIDE, FUEL ECONOMIC VITALITY, ATTRACT VISITORS AND SHOWCASE THE CITY AS A WORLD-CLASS DESTINATION. WE ENVISION A NETWORK OF DYNAMIC, INTERCONNECTED PUBLIC SPACES AND WATERWAYS THAT SERVE AS A MODEL FOR URBAN VITALITY IN DOWNTOWN PROVIDENCE. STRENGTHENED BY ENDURING PUBLIC AND PRIVATE PARTNERSHIPS AND SUSTAINED INVESTMENT, THESE SPACES ENRICH LIVES AND DRAW IN RESIDENTS AND VISITORS TO CULTIVATE A SENSE OF BELONGING, BUILD TRADITIONS, AND DRIVE COMMUNITY WELL-BEING THROUGH THE ENERGY AND PARTICIPATION OF THE PEOPLE WHO USE THEM DAILY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $580,079
Program Service Revenue $25,750
Investment Income $0
Other Revenue $0
TOTAL REVENUE $605,829

Expense Breakdown

Grants Paid $0
Salaries & Benefits $207,412
Fundraising Expenses $0
Program Expenses $423,830
Other Expenses $361,090
TOTAL EXPENSES $568,502

Year-over-Year Comparison

2024 2023 Change
Revenue $605,829 $464,437 +0.3%
Expenses $568,502 $234,733 +1.4%
Net Income $37,327 $229,704 -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

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Governance

Voting Members
17
Independent Members
17
Employees
2
Volunteers
25

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
4
$115,000
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTEN ADAMO DIRECTOR 1.00
Director
$0 $0 $0
ADAM ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
BETHANY COSTELLO DIRECTOR 1.00
Director
$0 $0 $0
AL DAHLBERG CHAIR 1.00
Officer
$0 $0 $0
JOANNE CHANG DIRECTOR 1.00
Director
$0 $0 $0
COURTNEY HAWKINS DIRECTOR 1.00
Director
$0 $0 $0
CAROLINE SKUNCIK DIRECTOR 1.00
Director
$0 $0 $0
ALEX MILLER DIRECTOR 1.00
Director
$0 $0 $0
JOSH MILLER DIRECTOR 1.00
Director
$0 $0 $0
WENDY NILSSON DIRECTOR 1.00
Director
$0 $0 $0
NICOLE POLLOCK SECRETARY 1.00
Officer
$0 $0 $0
JENNIFER ROMANO DIRECTOR 1.00
Director
$0 $0 $0
SHARON STEELE DIRECTOR 1.00
Director
$0 $0 $0
DAVID SALVATORE DIRECTOR 1.00
Director
$0 $0 $0
DON ZAMBARANO TREASURER 1.00
Officer
$0 $0 $0
JOELLE ROCHA DIRECTOR 1.00
Director
$0 $0 $0
MOE VELA DIRECTOR 1.00
Director
$0 $0 $0
NORA BARRE' EXECUTIVE DI 40.00
Officer
$115,000 $0 $115,000
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 $605,829 $568,502 $267,031 $37,327
2024 $464,437 $234,733 $237,384 $229,704
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