CLEVELAND ARTS PRIZE

EIN: 010627754 501(c)(3) Arts, Culture & Humanities

SOUTH EUCLID, OH

Total Revenue
$413,853
Total Expenses
$296,608
Total Assets
$865,837
Net Assets
$842,643
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
OH
Principal Officer
EFTIHIA TSENGAS
Phone
2163210012
Tax Period
2025-01-01 to 2025-12-31

CLEVELAND ARTS PRIZE, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $414K in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $117K, a strong 28% operating margin.

Mission

THE CLEVELAND ARTS PRIZE IDENTIFIES, REWARDS, PUBLICLY HONORS AND PROMOTES THOSE CREATIVE ARTISTS WHOSE ORIGINAL WORK AND ACCOMPLISHMENTS HAVE SET A STANDARD OF EXCELLENCE TO WHICH OTHER ARTISTS CAN ASPIRE. ADDITIONALLY, THE CLEVELAND ARTS PRIZE RECOGNIZES THE CONTRIBUTIONS OF INDIVIDUALS AND ORGANIZATIONS THAT HAVE EXPANDED THE COMMUNITY'S PARTICIPATION IN THE ARTS AND HELPED MAKE THE REGION MORE HOSPITABLE TO CREATIVE ARTISTIC EXPRESSION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $367,088
Program Service Revenue $41,745
Investment Income $5,020
Other Revenue $0
TOTAL REVENUE $413,853

Expense Breakdown

Grants Paid $57,000
Salaries & Benefits $120,923
Fundraising Expenses $35,944
Program Expenses $202,014
Other Expenses $118,685
TOTAL EXPENSES $296,608

Year-over-Year Comparison

2025 2024 Change
Revenue $413,853 $350,187 +0.2%
Expenses $296,608 $246,647 +0.2%
Net Income $117,245 $103,540 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
2
Volunteers
N/A

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
5
$58,000
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EFTIHIA TSENGAS EXECUTIVE DI 40.00
Officer
$58,000 $0 $58,000
KATIE ALTADONNA TRUSTEE 1.00
Director
$0 $0 $0
ELLEN BATTLE TRUSTEE 1.00
Director
$0 $0 $0
BRIAN CAINE TRUSTEE 1.00
Director
$0 $0 $0
BARBARA FAZIO TRUSTEE 1.00
Director
$0 $0 $0
KATHY FUTEY TREASURER 2.00
Officer Director
$0 $0 $0
DEBORAH GLOSSERMAN SECRETARY 1.00
Officer Director
$0 $0 $0
LILLI HARRIS TRUSTEE 1.00
Director
$0 $0 $0
RODERICK INGRAM TRUSTEE 1.00
Director
$0 $0 $0
KURT KARAKUL BOARD CO-CHA 2.00
Officer Director
$0 $0 $0
CINDY KATZENNMEYER TRUSTEE 1.00
Director
$0 $0 $0
CAROL MALONE TRUSTEE 1.00
Director
$0 $0 $0
KELLY MASTERS TRUSTEE 1.00
Director
$0 $0 $0
TODD MESEK TRUSTEE 1.00
Director
$0 $0 $0
DENISE POLVERINE TRUSTEE 1.00
Director
$0 $0 $0
SANGEETA PRAKASH VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARTIN RUEBEN TRUSTEE 1.00
Director
$0 $0 $0
CHARNA SHERMAN TRUSTEE 1.00
Director
$0 $0 $0
BRIAN SOKOL TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL WEIL TRUSTEE 1.00
Director
$0 $0 $0
H SCOTT WESTOVER TRUSTEE 1.00
Director
$0 $0 $0
SUSAN PALEY ZAK TRUSTEE 1.00
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 $413,853 $296,608 $865,837 $117,245
2024 $350,187 $246,647 $715,225 $103,540
2023 $266,266 $242,975 $591,134 $23,291
2022 $180,119 $234,942 $534,875 $-54,823
2021 $182,235 $258,672 $682,007 $-76,437
2020 $104,431 $140,778 $683,397 $-36,347
2019 $240,817 $262,686 $642,099 $-21,869
2018 $164,579 $183,038 $660,146 $-18,459
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