UAKRONPARK INC

EIN: 932495826

AKRON, OH

Total Revenue
$8,952,051
Total Expenses
$11,041,322
Total Assets
$80,278,471
Net Assets
$-2,271,736
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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
OH
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.

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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 $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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
5
$215,908
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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