CLEVELAND CLASSICAL GUITAR SOCIETY (EIN 272319077) - 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

2002

Legal Domicile

Principal Officer

ERIK MANN

Phone

2169059348

Tax Period

2024-07-01 to 2025-06-30

CLEVELAND CLASSICAL GUITAR SOCIETY, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $506K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $593K exceeded revenue, resulting in a 17% operating deficit.

Mission

FREE GUITAR CLASSES FOR CLEVELAND'S YOUTH & CONCERTS BY INTERNATIONALLY RENOWNED GUITARISTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $440,218

Program Service Revenue $55,186

Investment Income $10,626

Other Revenue $0

TOTAL REVENUE $506,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $339,607

Fundraising Expenses $41,650

Program Expenses $406,806

Other Expenses $253,608

TOTAL EXPENSES $593,215

Year-over-Year Comparison

	2024	2023	Change
Revenue	$506,030	$822,364	-0.4%
Expenses	$593,215	$580,976	+0.0%
Net Income	$-87,185	$241,388	-1.4%

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

$91,688

Total Directors

$91,688

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK MANN	EXECUTIVE DIRECTOR	40.00	Officer Director	$79,013	$12,675	$91,688
KYLIE EYRE	PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOTT FITZSIMMONS	TREASURER	2.00	Officer Director	$0	$0	$0
VICTORIA UNG	SECRETARY	2.00	Officer Director	$0	$0	$0
FRANCISCA GARCIA-COBIAN RICHTER	BOARD MEMBER	2.00	Director	$0	$0	$0
BEN SPERRY	BOARD MEMBER	2.00	Director	$0	$0	$0
PAM WEAVER	BOARD MEMBER	2.00	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
2025	$506,030	$593,215	$718,299	$-87,185
2024	$822,364	$580,976	$616,053	$241,388
2023	$626,775	$565,542	$376,505	$61,233
2022	$505,292	$464,416	$309,520	$40,876
2021	$593,687	$450,127	$225,577	$143,560
2020	$369,698	$355,984	$160,617	$13,714

CLEVELAND CLASSICAL GUITAR SOCIETY