Friends of Hamilton County Parks Inc

What it reported doing in 2024

At the Friends of Hamilton County Parks (FHCP), our mission is clear: to ensure our community has assess to parks aand amenities that meet the needs and expectations of eveyone. As we reflect on 2023, we are proud of the significant strides we've made to enrich our local parks and foster a vibrant community spirit.This tear, we provide essential funding to the Hamilton County Parks and Recreation Department, enabling vital projects that enhance our park system. From the restoration of the historical Williams House at Coxhill to the revitalization of the centerpiece fountain, our efforts are making a lasting impact. We also proudly supported comcerts at Cool Creek Park, bringing joy and connection to our community through shared experiences.The support we've receive from donors continues to grow, showcasing a shared commitment to our parks. Our annual golf outing has evolved into an unique fundraising opportunity, attracting new sponsors and fostering relationships with local corporations eager to invest in our community's future.The FHCP Board has expanded, reflecting the diversity and representation of greater Hamilton County. This strong foundation allows us to pursue our strategic plan, which includes four key goals aimed at enhancing our parks and promoting healthy, active living.Looking ahead to 2025, we are excited to launch initiatives aligned with the CDC's Active People, Healthy Nation campaign. We're also building relationships with the eight municipalities in Hamilton County to identify projects that will further support active living in our community.

Financial Efficiency

• Mission deployment rate: 51.2%; rating input score 51
• Program expense ratio: 76.5%; rating input score 77
• Fundraising efficiency: $12.78 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 42.9%; rating input score 89; 89th percentile among comparable filings
• Total-asset coverage ratio: 6.99; rating input score 85; 85th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 31.4%; rating input score 10; 10th percentile among comparable filings

Growth

• Program expense growth: 6.6% per year; rating input score 100; 60th percentile among comparable filings
• Revenue growth: 2.3% per year; rating input score 100; 37th percentile among comparable filings
• Asset growth: 8.2% per year; rating input score 100; 60th percentile among comparable filings