Friends of Rea Park Inc
Nonprofit profile at a glance
- EIN
- 472249352
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990 2023, Form 990-EZ 2025, Form 990-N 2020
- Location
- Terre Haute, IN, USA
- Phone
- 8122329492
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Parks and Playgrounds
Reported finances
- Revenue
- $15,364
- Expenses
- $152,493
- Assets
- $26,548
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Michael L Harding (President)
- William Verdeyen (Vice President)
People named in this filing
- Michael L Harding (President)
- O Earl Elliott (Treasurer)
- William Verdeyen (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To collect, promote, and disseminate knowledgeand information concerning William S. Rea and Geraldine A. Rea and their namesake public work as well as spearhead efforts to raise funds for the aforementioned park.
What it reported doing in 2025
Received $11,450 in contributions for renovation of the Clubhouse at William S. Rea Park.
Operating model
- Revenue model
- Donor-supported. 75% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 20
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -892.5%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -119% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -27.4% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -51.6% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $152K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.