THE CLEVELAND CAROUSEL (EIN 264517731) - 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

2009

Legal Domicile

Principal Officer

RAYMOND R RACKLEY

Phone

2167523918

Tax Period

2022-01-01 to 2022-12-31

THE CLEVELAND CAROUSEL, founded in 2009, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $34K in total revenue in fiscal year 2022. Revenue surged 34121% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 91% operating margin.

Mission

THE CAROUSEL SOCIETY SERVES TO RESTORE THE 1910 GRAND EUCLID BEACH CAROUSEL TO BE A FUNCTIONAL, SELF-SUSTAINING REGIONAL HISTORIC AND CULTURAL LANDMARK FOR ENJOYMENT AND PROGRAMMATIC COMMUNITY DEVELOPMENT THROUGH ITS PLACEMENT IN THE WESTERN RESERVE HISTORICAL SOCIETY'S CLEVELAND HISTORY CENTER IN UNIVERSITY CIRCLE, WHERE OVER 2.5 MILLION PEOPLE FROM AROUND THE WORLD COME TO VISIT EACH YEAR.

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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 (2022)

Revenue Breakdown

Contributions & Grants $34,221

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $34,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,082

Other Expenses $3,082

TOTAL EXPENSES $3,082

Year-over-Year Comparison

	2022	2021	Change
Revenue	$34,221	$100	+341.2%
Expenses	$3,082	$59,765	-0.9%
Net Income	$31,139	$-59,665	-1.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FRATO	SECRETARY	5.00	Officer Director	$0	$0	$0
DUDLEY S HUMPHREY JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
TERRY KOVEL	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
RAYMOND R RACKLEY	EXECUTIVE DI	5.00	Officer 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
2022	$34,221	$3,082	$47,782	$31,139
2021	$100	$59,765	$16,643	$-59,665
2020	$17,036	$119,713	$76,308	$-102,677
2019	$100,931	$119,650	$178,985	$-18,719
2018	$87,107	$109,275	$282,704	$-22,168

THE CLEVELAND CAROUSEL