MINDS MATTER OF CLEVELAND OHIO INC

EIN: 262155951 501(c)(3)

CLEVELAND, OH

Total Revenue
$485,407
Total Expenses
$579,568
Total Assets
$501,256
Net Assets
$479,358
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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
2008
Legal Domicile
OH
Principal Officer
KATHLEEN SZCZESNIAK
Phone
4408363156
Tax Period
2023-07-01 to 2024-06-30

MINDS MATTER OF CLEVELAND OHIO INC, founded in 2008, is a small nonprofit that reported $485K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $580K exceeded revenue, resulting in a 19% operating deficit.

Mission

MINDS MATTER OF CLEVELAND HELPS HIGH SCHOOL STUDENTS FROM LOW INCOME FAMILIES PREPARE FOR AND GAIN ADMISSION TO FOUR YEAR COLLEGE AND UNIVERSITIES BY PROVIDING CLASSES AND ACT PREP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $484,793
Program Service Revenue $0
Investment Income $47
Other Revenue $567
TOTAL REVENUE $485,407

Expense Breakdown

Grants Paid $115,159
Salaries & Benefits $308,796
Fundraising Expenses $137,648
Program Expenses $343,826
Other Expenses $155,613
TOTAL EXPENSES $579,568

Year-over-Year Comparison

2023 2022 Change
Revenue $485,407 $385,097 +0.3%
Expenses $579,568 $500,347 +0.2%
Net Income $-94,161 $-115,250 -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

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Governance

Voting Members
12
Independent Members
12
Employees
6
Volunteers
84

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
3
$122,133
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONY LOVE TREASURER 5.00
Officer Director
$0 $0 $0
BRENT SHELLEY SECRETARY 5.00
Officer Director
$0 $0 $0
NICHOLAS LOPICK DIRECTOR 5.00
Director
$0 $0 $0
JEFFREY LOSCH DIRECTOR 5.00
Director
$0 $0 $0
CHRISHAWNA CUNNINGHAM DIRECTOR 5.00
Director
$0 $0 $0
DANIELLE BEST DIRECTOR 5.00
Director
$0 $0 $0
KATHLEEN SCZCESNIAK DIRECTOR 5.00
Director
$0 $0 $0
JONAS NG DIRECTOR 5.00
Director
$0 $0 $0
JACOB STOLLER DIRECTOR 5.00
Director
$0 $0 $0
JULIAN STEINBERG DIRECTOR 5.00
Director
$0 $0 $0
MARY JANIS DIRECTOR 5.00
Director
$0 $0 $0
SARA ELAQAD EXECUTIVE DIR. 40.00
Officer
$112,319 $9,814 $122,133
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 No data No data No data No data
2024 $485,407 $579,568 $501,256 $-94,161
2023 $385,097 $500,347 $591,941 $-115,250
2022 $532,054 $348,184 $729,200 $183,870
2021 $269,898 $249,699 $526,739 $20,199
2020 $279,407 $178,699 $490,018 $100,708
2019 $197,918 $238,197 $383,992 $-40,279
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