ELINGS PARK FOUNDATION (EIN 953500475) - 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

1965

Legal Domicile

Principal Officer

DEAN NOBLE

Phone

8055695611

Tax Period

2024-01-01 to 2024-12-31

ELINGS PARK FOUNDATION, founded in 1965, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $1.9M, a strong 48% operating margin.

Mission

IN 1965, ELINGS PARK WAS SANTA BARBARA'S FIRST MAJOR RECLAMATION PROJECT, TRANSFORMING THE CITY LANDFILL INTO A MAGNIFICENT 230-ACRE PARK-THE LARGEST COMMUNITY SUPPORTED, NONPROFIT, PUBLIC PARK IN AMERICA. NO CITY OR COUNTY MONIES ARE USED FOR MAINTENANCE, IMPROVEMENTS, OR OPERATIONS. EVERY YEAR, 300,000 CHILDREN, YOUTH, AND ADULTS FROM ALL BACKGROUNDS AND FROM THROUGHOUT THE COUNTY UTILIZE ELINGS PARK FOR SOFTBALL, RUGBY, SOCCER, BMX, TENNIS, RECREATION, THEATRICAL AND MUSICAL ENTERTAINMENT, HIKING, PARAGLIDING, DOG WALKING, FALLING IN LOVE, WEDDINGS, AND FAMILY GATHERINGS-AN AVERAGE OF 822 VISITS PER DAY AND 100+ SPORTS TEAMS! THE PARK IS OPEN 363 DAYS PER YEAR AND ADMISSION IS FREE. ACCORDING TO RESEARCH FROM THE TRUST FOR PUBLIC LAND, GREEN SPACES REDUCE VIOLENT CRIME; COUNTER STRESS AND SOCIAL ISOLATION (ESPECIALLY FOR OLDER ADULTS); IMPROVE CONCENTRATION FOR CHILDREN WITH ATTENTION DEFICIT DISORDER; ENHANCE RELAXATION; AND PROMOTE SELF-ESTEEM AND RESILIENCE.

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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 $2,350,918

Program Service Revenue $931,260

Investment Income $759,802

Other Revenue $0

TOTAL REVENUE $4,041,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $781,494

Fundraising Expenses $287,419

Program Expenses $1,480,910

Other Expenses $1,218,376

TOTAL EXPENSES $2,096,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,041,980	$4,787,908	-0.2%
Expenses	$2,096,898	$1,847,315	+0.1%
Net Income	$1,945,082	$2,940,593	-0.3%

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

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

$164,558

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BRITTON	TREASURER	5.00	Officer Director	$0	$0	$0
BRUCE GIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
PATTY BRYANT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE ANDRULAITIS	DIRECTOR	1.00	Director	$0	$0	$0
LEW VENEGAS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER OAKLEY	DIRECTOR	1.00	Director	$0	$0	$0
TRISH ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
BELITA ONG	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY PIERETTI	VICE-PRESIDENT	1.00	Director	$0	$0	$0
ROBERT SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
JOE BILLINGS	DIRECTOR	1.00	Director	$0	$0	$0
HILARY DOUBLEDAY	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE KOWBLANSKY	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SCHMITZ	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH WHITELEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID VELAZQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
DEAN NOBLE	EXECUTIVE DIRECTOR	40.00	Officer	$158,600	$5,958	$164,558

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	$4,041,980	$2,096,898	$13,944,354	$1,945,082
2023	$4,787,908	$1,847,315	$12,815,496	$2,940,593
2022	$3,365,235	$2,127,639	$9,778,061	$1,237,596
2021	$3,756,645	$1,711,880	$8,528,099	$2,044,765
2020	$1,671,249	$1,214,637	$6,286,196	$456,612
2019	$1,033,809	$1,315,315	$5,625,176	$-281,506
2018	$1,181,412	$1,214,114	$5,654,905	$-32,702

ELINGS PARK FOUNDATION