FUND FOR OUR ECONOMIC FUTURE OF NORTHEAST OHIO (EIN 270606927) - 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

BETHIA CULLIS AKA BURKE

Phone

2164569800

Tax Period

2023-01-01 to 2023-12-31

FUND FOR OUR ECONOMIC FUTURE OF NORTHEAST OHIO, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $5.2M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $6.6M exceeded revenue, resulting in a 27% operating deficit.

Mission

DEDICATED TO ADVANCING ECONOMIC GROWTH AND EQUITABLE ACCESS TO OPPORTUNITY FOR THE PEOPLE OF NORTHEAST 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 $5,079,667

Program Service Revenue $0

Investment Income $120,141

Other Revenue $23,001

TOTAL REVENUE $5,222,809

Expense Breakdown

Grants Paid $4,998,434

Salaries & Benefits $1,080,442

Fundraising Expenses $146,990

Program Expenses $6,055,329

Other Expenses $546,488

TOTAL EXPENSES $6,625,364

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,222,809	$7,638,594	-0.3%
Expenses	$6,625,364	$6,922,950	0.0%
Net Income	$-1,402,555	$715,644	-3.0%

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

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

$303,403

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SAMOLCZYK	CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM GARY	CHAIR EMERITUS	1.00	Officer Director	$0	$0	$0
ADAM BRIGGS	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
PHOEBE LEE	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTINE MAYER	SECRETARY	1.00	Officer Director	$0	$0	$0
DENISE GRIGGS	TREASURER & FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
VIKKI BROER	NOMINATING & PERSONNEL CHAIR	1.00	Director	$0	$0	$0
ERIC CLARK	EVALUATION CHAIR	1.00	Director	$0	$0	$0
TERESA LEGRAIR	AT-LARGE TRUSTEE	1.00	Director	$0	$0	$0
TREYE JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
CINDY ANDREWS	TRUSTEE	1.00	Director	$0	$0	$0
CATHY BELK	TRUSTEE	1.00	Director	$0	$0	$0
MARCIA BALLINGER	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA DORAZIO	TRUSTEE	1.00	Director	$0	$0	$0
DAVID FORD	TRUSTEE	1.00	Director	$0	$0	$0
MEREDITH GADSBY	TRUSTEE	1.00	Director	$0	$0	$0
JANI GROZA	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL HAMPU	TRUSTEE	1.00	Director	$0	$0	$0
TREVELLE HARP	TRUSTEE	1.00	Director	$0	$0	$0
PAUL HERDEG	TRUSTEE	1.00	Director	$0	$0	$0
KAREN HOOSER	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK KELLY	TRUSTEE	1.00	Director	$0	$0	$0
INDIA PIERCE LEE	TRUSTEE	1.00	Director	$0	$0	$0
RICARDO LEON	TRUSTEE	1.00	Director	$0	$0	$0
MARCUS MADISON	TRUSTEE	1.00	Director	$0	$0	$0
JIM PETRAS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN T PETURAS JR	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER ROLLER	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR RUIZ	TRUSTEE	1.00	Director	$0	$0	$0
BILL SEELBACH	TRUSTEE	1.00	Director	$0	$0	$0
NBAIJU SHAH	TRUSTEE	1.00	Director	$0	$0	$0
TELEANGE THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
EMILY THOME	TRUSTEE	1.00	Director	$0	$0	$0
DERYCK TOLES	TRUSTEE	1.00	Director	$0	$0	$0
TIM TRAMBLE	TRUSTEE	1.00	Director	$0	$0	$0
NICK TURNER	TRUSTEE	1.00	Director	$0	$0	$0
MARTY UHLE	TRUSTEE	1.00	Director	$0	$0	$0
BETHIA CULLIS AKA BURKE	PRESIDENT AND CEO	37.50	Officer	$282,938	$20,465	$303,403
BISHARA ADDISON	DIRECTOR OF WORKFORCE OPERATIONS	37.50	Highest	$114,141	$7,136	$121,277
REANNA KAROUSIS	DIRECTOR OF OPERATIONS	37.50	Highest	$123,423	$19,874	$143,297
JOAN CHASE	SENIOR DIRECTOR OF STRATEGIC INITIATIVES	37.50	Highest	$100,934	$396	$101,330
JEFFERY SLEASMAN	DIRECTOR OF APPLIED RESEARCH	37.50	Highest	$107,966	$404	$108,370

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	$5,222,809	$6,625,364	$8,199,916	$-1,402,555
2022	$7,638,594	$6,922,950	$9,584,992	$715,644
2021	$3,744,961	$4,009,673	$9,063,861	$-264,712
2020	$1,497,991	$3,249,535	$9,547,574	$-1,751,544
2019	$4,329,898	$3,427,281	$11,248,863	$902,617
2018	$5,897,856	$2,699,845	$10,380,969	$3,198,011

FUND FOR OUR ECONOMIC FUTURE OF NORTHEAST OHIO