Forestville Park Development Inc (EIN 946270781) - 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

1960

Legal Domicile

Principal Officer

Matt McDermott

Tax Period

2023-01-01 to 2023-12-31

Forestville Park Development Inc, founded in 1960, is a small nonprofit in the Recreation & Sports sector that reported $173K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $211K exceeded revenue, resulting in a 22% operating deficit.

Mission

Maintain and operate a park for use by the entire Forestville community, especially the youth.

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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 (2023)

Revenue Breakdown

Contributions & Grants $172,464

Program Service Revenue $0

Investment Income $490

Other Revenue $0

TOTAL REVENUE $172,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,022

Other Expenses $210,690

TOTAL EXPENSES $210,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,954	$148,010	+0.2%
Expenses	$210,690	$164,383	+0.3%
Net Income	$-37,736	$-16,373	+1.3%

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

100

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
Shawn Roades	Director	2.00	Director	$0	$0	$0
Denise Wood	Director	2.00	Director	$0	$0	$0
Bill Ferguson	Director	2.00	Director	$0	$0	$0
Ashley Carlson	Director	0.00	Director	$0	$0	$0
Courtney Collamer	Director	2.00	Director	$0	$0	$0
Chris Mullens	Director	2.00	Director	$0	$0	$0
Jaret Olsen	Director	2.00	Director	$0	$0	$0
Patti Baxman	Director	2.00	Director	$0	$0	$0
Cristy Simmons	Treasurer	3.00	Officer Director	$0	$0	$0
Derek Payne	Vice President	3.00	Officer Director	$0	$0	$0
Tom Sheridan Sr	Past President	3.00	Officer Director	$0	$0	$0
Megan Payne	CorrespondingRecording Secre	2.00	Officer Director	$0	$0	$0
Matt McDermott	President	5.00	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
2024	No data	No data	No data	No data
2023	$172,954	$210,690	$531,061	$-37,736
2022	$148,010	$164,383	$568,797	$-16,373
2021	$67,569	$63,976	$585,170	$3,593
2020	$53,751	$61,499	$581,577	$-7,748
2019	$115,956	$83,441	$595,575	$32,515
2018	$115,190	$67,842	$556,810	$47,348

Forestville Park Development Inc