CHILLICOTHE PARKS FOUNDATION

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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

KEVIN YATES

Phone

3092743409

Tax Period

2024-06-01 to 2025-05-31

CHILLICOTHE PARKS FOUNDATION, founded in 2023, is a micro nonprofit in the Recreation & Sports sector that reported $74K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $92K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE FOUNDATION IS ORGANIZED AND SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, SPECIFICALLY THE MAKING OF GIFTS AND GRANTS FOR THE BENEFIT OF THE CHILLICOTHE PARK DISTRICT.

Program Service Accomplishments

Program 1

THE FOUNDATION RAISED MONEY FOR THE PLAY FOR ALL PLAYGROUND.

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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 $74,145

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $74,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $11,171

Other Expenses $80,754

TOTAL EXPENSES $91,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,145	$235,340	-0.7%
Expenses	$91,925	$23,907	+2.8%
Net Income	$-17,780	$211,433	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF ADMIRE	PRESIDENT	0.50	Officer Director	$0	$0	$0
MALLORY AUDO	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREN BURNETT	BOARD MEMBER	0.50	Director	$0	$0	$0
MIKE KROST	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
KEVIN YATES	EXECUTIVE DI	12.50	Officer Director	$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
2025	$74,145	$91,925	$51,690	$-17,780
2024	$235,340	$23,907	$68,230	$211,433