UAKRONPARK 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

2023

Legal Domicile

Principal Officer

RACHEL BRIDENSTINE

Phone

3302413077

Tax Period

2024-01-01 to 2024-12-31

UAKRONPARK INC, founded in 2023, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2024. Revenue surged 165% from the prior year, signaling strong growth momentum. Expenses of $11.0M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE MISSION OF UAKRONPARK,INC. IS TO PARTNER WITH THE UNIVERSITY OF AKRON FOR ITS REPUTATIONAL ENHANCEMENT THROUGH THE MONETIZATION OF ITS PARKING FACILITIES AND THE STRATEGIC MANAGEMENT OF THESE AND RELATED ASSETS.

Program Service Accomplishments

Program 1

Expenses: $8,920,165 Revenue: $7,904,925

AS A NON-PROFIT ENTITY, UAKRONPARK IS DEDICATED TO THE LONG-TERM IMPROVEMENT AND SUSTAINABILITY OF THE UNIVERSITY'S PARKING FACILITIES. OVER THE COURSE OF THE CONCESSION, WE ARE COMMITTED TO...

AS A NON-PROFIT ENTITY, UAKRONPARK IS DEDICATED TO THE LONG-TERM IMPROVEMENT AND SUSTAINABILITY OF THE UNIVERSITY'S PARKING FACILITIES. OVER THE COURSE OF THE CONCESSION, WE ARE COMMITTED TO INVESTING APPROXIMATELY $12 MILLION IN CAPITAL EXPENDITURES (CAPEX) WITHIN THE FIRST FIVE YEARS, FOCUSING ON SUBSTANTIAL UPGRADES AND ENHANCEMENTS TO THE PARKING INFRASTRUCTURE. THIS INITIAL INVESTMENT LAYS THE GROUNDWORK FOR ONGOING IMPROVEMENTS AND THE ADOPTION OF INNOVATIVE PARKING SOLUTIONS.

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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 $0

Program Service Revenue $7,875,425

Investment Income $1,076,626

Other Revenue $0

TOTAL REVENUE $8,952,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,272,966

Fundraising Expenses $0

Program Expenses $8,920,165

Other Expenses $9,768,356

TOTAL EXPENSES $11,041,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,952,051	$3,381,858	+1.6%
Expenses	$11,041,322	$3,564,323	+2.1%
Net Income	$-2,089,271	$-182,465	+10.5%

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

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

$215,908

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL BRIDENSTINE	PRESIDENT	0.50	Officer Director	$0	$0	$0
DANIEL RICE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JULIE WESEL	SECRETARY AND TREASURER	0.50	Officer Director	$0	$0	$0
JARED COLEMAN	EXECUTIVE DIRECTOR	40.00	Officer	$0	$17,647	$122,908
DOMINICK DEMASI	CONTROLLER	40.00	Officer	$0	$0	$93,000

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
2024	$8,952,051	$11,041,322	$80,278,471	$-2,089,271
2023	$3,381,858	$3,564,323	$82,771,692	$-182,465