THE UNION CLUB FOUNDATION (EIN 202665101) - 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

2005

Legal Domicile

Principal Officer

PHIL RIDOLFI

Phone

2166214230

Tax Period

2023-01-01 to 2023-12-31

THE UNION CLUB FOUNDATION, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $114K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $94K, a strong 82% operating margin.

Mission

THE ORGANIZATION WILL PROMOTE AND DEVELOP COMMUNITY INTEREST IN AND ADVANCE KNOWLEDGE AND APPRECIATION OF THE ARTS BY PRESENTING CONCERTS AND PUBLIC DISCUSSION GROUPS, FORUMS, PANELS, LECTURES AND SIMILAR PROGRAMS FOR THE PUBLIC. THE ORGANIZATION WILL ALSO PROVIDE FINANCIAL SUPPORT TO A SCHOLARSHIP FUND FOR THE BENEFIT OF EMPLOYEES OF THE ORGANIZATION AND THEIR CHILDREN AND ALSO PRESERVE ONE OR MORE HISTORIC STRUCTURES IN THE CITY OF CLEVELAND, OHIO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $114,364

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $114,364

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,877

Other Expenses $14,034

TOTAL EXPENSES $20,034

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,364	$140,415	-0.2%
Expenses	$20,034	$15,477	+0.3%
Net Income	$94,330	$124,938	-0.2%

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
HOWARD EDELSTEIN	PRESIDENT	1.00	Officer	$0	$0	$0
ELIZABETH MONIHAN	SECRETARY	1.00	Officer	$0	$0	$0
DAMON TASEFF	TREASURER	1.00	Officer	$0	$0	$0
KATE WENSINK	CHAIR OF GOVERNANCE COMMITTEE	1.00	Officer	$0	$0	$0
ELIZABETH STUEBER	CHAIR OF DEVELOPMENT	1.00	Officer	$0	$0	$0
MARIANNE BERARDI	CHAIR OF ART COMMITTEE	1.00	Officer	$0	$0	$0
BRENT BUCKLEY	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA PRIOR GASCOIGNE	DIRECTOR	1.00	Director	$0	$0	$0
DIANE DE GRAZIA	DIRECTOR	1.00	Director	$0	$0	$0
GARY BRAHLER	DIRECTOR	1.00	Director	$0	$0	$0
HENRY OTT-HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
JACK WALTON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES STONE	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE LITZLER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY FALCONE-HALL	DIRECTOR	1.00	Director	$0	$0	$0
KEN HAFFEY	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
MARYANN THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
NICK HYLANT	DIRECTOR	1.00	Director	$0	$0	$0
PETER BALUNEK	DIRECTOR	1.00	Director	$0	$0	$0
RYAN CROSS	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA PIKOUS	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$114,364	$20,034	$905,960	$94,330
2022	$140,415	$15,477	$797,630	$124,938
2021	$83,172	$32,163	$719,192	$51,009
2020	$146,233	$30,434	$621,683	$115,799
2019	$93,592	$4,516	$505,884	$89,076

THE UNION CLUB FOUNDATION