FRIENDS OF REEDSBURG PARKS

EIN: 992115390 501(c)(3) Environment

REEDSBURG, WI

Total Revenue
$1,776,943
Total Expenses
$5,000
Total Assets
$1,771,943
Net Assets
$1,771,943
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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
2024
Legal Domicile
WI
Principal Officer
TIMOTHY BECKER
Phone
6084150178
Tax Period
2024-03-18 to 2024-12-31

FRIENDS OF REEDSBURG PARKS, founded in 2024, is a community nonprofit in the Environment sector that reported $1.8M in total revenue in fiscal year 2024. The organization ran a surplus of $1.8M, a strong 100% operating margin.

Mission

SUPPORT, ASSIST, AND PROMOTE THE CITY OF REEDSBURG PARKS SYSTEM WITH INTERPRETIVE, SCIENTIFIC, HISTORICAL, EDUCATIONAL, RECREATIONAL, AND RELATED VISITOR SERVICES.

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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 $1,774,053
Program Service Revenue $0
Investment Income $2,890
Other Revenue $0
TOTAL REVENUE $1,776,943

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,000
Other Expenses $0
TOTAL EXPENSES $5,000

Year-over-Year Comparison

2024 2023 Change
Revenue $1,776,943 N/A N/A
Expenses $5,000 N/A N/A
Net Income $1,771,943 N/A N/A
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
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHIL PETERSON PRESIDENT 0.50
Officer Director
$0 $0 $0
MIKE GARGANO VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
MISSY FRENZ SECRETARY 0.50
Officer Director
$0 $0 $0
TIMOTHY BECKER TREASURER 0.50
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 No data No data No data No data
2024 $1,776,943 $5,000 $1,771,943 $1,771,943
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