TOLEDO COMMUNITY FOUNDATION SUPPORTING ORGANIZATION (EIN 113729710) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

KATE SOMMERFELD

Phone

4192415049

Tax Period

2024-01-01 to 2024-12-31

TOLEDO COMMUNITY FOUNDATION SUPPORTING ORGANIZATION, founded in 2004, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $5K in total revenue in fiscal year 2024. Expenses of $53K exceeded revenue, resulting in a 975% operating deficit.

Mission

AS A SUPPORTING ORGANIZATION OF THE TOLEDO COMMUNITY FOUNDATION, INC., THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO FURTHER THE MISSION OF THE TOLEDO COMMUNITY FOUNDATION, INC. IN SERVING THE PEOPLE OF NORTHWEST OHIO AND SOUTHEAST MICHIGAN BY FACILITATING THE DONATION OF REAL PROPERTY BY SELLING ALL DONATED ASSETS AND TRANSFERRING THE FUNDS TO THE TOLEDO COMMUNITY FOUNDATION, INC.

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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 $0

Program Service Revenue $0

Investment Income $4,702

Other Revenue $197

TOTAL REVENUE $4,899

Expense Breakdown

Grants Paid $49,551

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,551

Other Expenses $3,095

TOTAL EXPENSES $52,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,899	$-92,228	-1.1%
Expenses	$52,646	$1,584,677	-1.0%
Net Income	$-47,747	$-1,676,905	-1.0%

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

$748,520

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR DENNIS JOHNSON	PRESIDENT	0.25	Officer Director	$0	$0	$0
MR MARK ZYNDORF	SECRETARY	0.25	Officer Director	$0	$0	$0
MS KATE SOMMERFELD	TREASURER	0.25	Officer	$0	$847	$104,854
MR KEITH BURWELL	SECRETARY/TREASURER THRU AUGUST 2024	0.25	Officer	$0	$61,652	$382,946
MS KIM CRYAN	CFO	0.25	Officer	$0	$46,611	$260,720
MR L ZAC ISAAC	TRUSTEE	0.25	Director	$0	$0	$0
MS RITA NA MANSOUR	TRUSTEE	0.25	Director	$0	$0	$0
MR FRANK JACOBS	TRUSTEE	0.25	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
2024	$4,899	$52,646	$78,451	$-47,747
2023	$-92,228	$1,584,677	$126,198	$-1,676,905
2022	$1,801,613	$1,534	$1,801,853	$1,800,079
2021	$1	$2,351,697	$3,024	$-2,351,696
2020	$5,000	$1,660	$2,354,720	$3,340
2019	$491	$14,111	$2,351,380	$-13,620
2018	$48,821	$38,401	$2,365,000	$10,420

TOLEDO COMMUNITY FOUNDATION SUPPORTING ORGANIZATION