FRIENDS OF REEDSBURG PARKS

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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

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.

Program Service Accomplishments

Program 1

Expenses: $5,000 Revenue: $0

CURRENTLY UNDER DEVELOPMENT IS THE CREATION OF LEGENDS PARK. THE CORPORATION IS FUNDING A RESTROOM/CONCESSIONS/PAVILION BUILDING AS WELL AS A SPLASH PAD. IN ADDITION TO THESE AMENITIES, THE...

CURRENTLY UNDER DEVELOPMENT IS THE CREATION OF LEGENDS PARK. THE CORPORATION IS FUNDING A RESTROOM/CONCESSIONS/PAVILION BUILDING AS WELL AS A SPLASH PAD. IN ADDITION TO THESE AMENITIES, THE ASSOCIATED PARKING, SIDEWALKS AND ROADWAYS ARE ALSO UNDER CONSTRUCTION WITH SHARED COST WITH THE CITY OF REEDSBURG. FUTURE PROJECTS AND PLANNED DISBURSEMENTS INCLUDE:LEGENDS PARK - CONCESSION/RESTROOM/PAVILLION BUILDING - $450,000 TO CITY OF REEDSBURGLEGENDS PARK - SPLASH PAD - $1,000,000 TO CITY OF REEDSBURGLEGENDS PARK - CHALLENGE EQUIPMENT PLAYGROUND - $294,053 TO CITY OF REEDSBURG

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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 $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

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
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