Gordon Square Arts District- Cleveland Improvement Corporation

EIN: 274698642 501(c)(3) Community Improvement

Cleveland, OH

Total Revenue
$213,680
Total Expenses
$141,718
Total Assets
N/A
Net Assets
N/A
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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
Joseph Rose
Phone
2169614242
Tax Period
2022-01-01 to 2022-12-31

Gordon Square Arts District- Cleveland Improvement Corporation, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $214K in total revenue in fiscal year 2022. The organization ran a surplus of $72K, a strong 34% operating margin.

Mission

To maintain improve and build the Gordon Square Arts District.

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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 (2022)

Revenue Breakdown

Contributions & Grants $213,680
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $213,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $141,718
Other Expenses $141,718
TOTAL EXPENSES $141,718

Year-over-Year Comparison

2022 2021 Change
Revenue $213,680 N/A N/A
Expenses $141,718 N/A N/A
Net Income $71,962 N/A N/A
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
20
Independent Members
20
Employees
N/A
Volunteers
20

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Raymond Bobgan Chairman N/A
$0 $0 $0
John Carge Director N/A
$0 $0 $0
Rick Gilliam Secretary N/A
$0 $0 $0
Michael Obertacz Director N/A
$0 $0 $0
Joe Rose Treasurer N/A
$0 $0 $0
Jenny Spencer Director N/A
$0 $0 $0
Adam Stalder Director N/A
$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
2024 No data No data No data No data
2022 $213,680 $141,718 No data $71,962
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