TOLEDO COMMUNITY FOUNDATION INC (EIN 237284004) - 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

1973

Legal Domicile

Principal Officer

KATE SOMMERFELD

Phone

4192415049

Tax Period

2023-01-01 to 2023-12-31

TOLEDO COMMUNITY FOUNDATION INC, founded in 1973, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $26.6M in total revenue in fiscal year 2023. Expenses of $24.5M left a modest 8% surplus.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO ENRICH THE QUALITY OF LIFE IN NORTHWEST OHIO AND SOUTHEAST MICHIGAN BY PROVIDING FINANCIAL SUPPORT TO INITIATE PROGRAMS THAT ADDRESS THE CHANGING NEEDS OF OUR REGION.

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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 $15,294,467

Program Service Revenue $0

Investment Income $8,622,363

Other Revenue $2,662,677

TOTAL REVENUE $26,579,507

Expense Breakdown

Grants Paid $18,353,544

Salaries & Benefits $2,100,137

Fundraising Expenses $13,163

Program Expenses $22,859,033

Other Expenses $4,056,181

TOTAL EXPENSES $24,509,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,579,507	$26,939,369	0.0%
Expenses	$24,509,862	$23,002,872	+0.1%
Net Income	$2,069,645	$3,936,497	-0.5%

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

Volunteers

137

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

$568,739

Total Directors

Key Employees

$153,722

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR KEITH BURWELL	PRESIDENT	50.00	Officer	$283,402	$60,259	$343,661
MRS KIMBERLY CRYAN	CHIEF FINANCIAL OFFICER	45.00	Officer	$181,025	$44,053	$225,078
MR MICHAEL GIBBONS	CHAIRMAN	0.75	Officer Director	$0	$0	$0
MR JAY MORGAN	VICE CHAIRMAN	0.75	Officer Director	$0	$0	$0
MRS TIFFANY E CAVANAUGH	SECRETARY	0.75	Officer Director	$0	$0	$0
MR PARISS M COLEMAN II	SECRETARY THRU APRIL 2023	0.75	Officer Director	$0	$0	$0
MRS BRANDI R CARSON	TREASURER	0.75	Officer Director	$0	$0	$0
MR HUSSIEN Y SHOUSHER	TRUSTEE	0.75	Director	$0	$0	$0
MS PAMELA HERSHBERGER	TRUSTEE	0.75	Director	$0	$0	$0
DR BINA JOE PHD	TRUSTEE	0.75	Director	$0	$0	$0
DR GREGORY C KASPER MD FACS	TRUSTEE	0.75	Director	$0	$0	$0
MRS KAYE M ALDRIDGE PHD	TRUSTEE	0.75	Director	$0	$0	$0
MR SPENCER STONE	TRUSTEE	0.75	Director	$0	$0	$0
MR BRIAN A VALENTINE	TRUSTEE	0.75	Director	$0	$0	$0
MS KELLI WINSTON	TRUSTEE	0.75	Director	$0	$0	$0
MR MICHAEL FISCHER	TRUSTEE	0.75	Director	$0	$0	$0
MS LOIS E BINGHAM ESQ	TRUSTEE	0.75	Director	$0	$0	$0
MRS MEG RESSNER	TRUSTEE	0.75	Director	$0	$0	$0
MR RICHARD L ARNOS	TRUSTEE THRU APRIL 2023	0.75	Director	$0	$0	$0
ABBY ALDRIDGE	EVP OPERATIONS & SPECIAL PROJECTS	40.00	Key Emp	$135,376	$18,346	$153,722
PATRICK JOHNSTON	VP COMMUNITY INVESTMENTS	40.00	Highest	$105,779	$16,483	$122,262

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	$26,579,507	$24,509,862	$233,080,008	$2,069,645
2022	$26,939,369	$23,002,872	$231,010,363	$3,936,497
2021	$80,871,022	$23,251,593	$227,377,266	$57,619,429
2020	$23,444,286	$21,814,180	$169,770,837	$1,630,106
2019	$34,271,645	$22,412,757	$167,829,331	$11,858,888
2018	$25,181,127	$19,103,591	$155,971,943	$6,077,536

TOLEDO COMMUNITY FOUNDATION INC