First Suburbs Consortium Development Council

EIN: 300147364 501(c)(3) Philanthropy & Grantmaking

Bedford, OH

Total Revenue
$112,346
Total Expenses
$100,838
Total Assets
$58,318
Net Assets
$29,525
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
OH
Principal Officer
Matt Madzy
Tax Period
2021-01-01 to 2021-12-31

First Suburbs Consortium Development Council, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $112K in total revenue in fiscal year 2021. Revenue surged 151% from the prior year, signaling strong growth momentum. Expenses of $101K left a modest 10% surplus.

Mission

To initiate and encourage collective economic and community development growth within the first-ring suburbs of Cleveland. FSCDC provides technical assistance, expertise and resources to member cities to strengthen the capacity of cities advancing development and redevelopment.

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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 (2021)

Revenue Breakdown

Contributions & Grants $112,344
Program Service Revenue $0
Investment Income $2
Other Revenue $0
TOTAL REVENUE $112,346

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,120
Fundraising Expenses $7,744
Program Expenses $69,994
Other Expenses $90,718
TOTAL EXPENSES $100,838

Year-over-Year Comparison

2021 2020 Change
Revenue $112,346 $44,751 +1.5%
Expenses $100,838 $45,914 +1.2%
Net Income $11,508 $-1,163 -10.9%
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
19
Independent Members
19
Employees
N/A
Volunteers
19

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
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bradley Sellers Board Member 1.00
Director
$0 $0 $0
Nathan Kelly Board Member 1.00
Director
$0 $0 $0
Brendan Zak Board Member 1.00
Director
$0 $0 $0
Raymond Turner Board Member 1.00
Director
$0 $0 $0
Joe Sebes Board Member 1.00
Director
$0 $0 $0
Tim DeGeeter Board Member 1.00
Director
$0 $0 $0
Patrick Grogan Board member 1.00
Director
$0 $0 $0
Laura Englehart Board Member 1.00
Director
$0 $0 $0
Michael Love Board Member 1.00
Director
$0 $0 $0
Noreen Kuban Board Member 1.00
Director
$0 $0 $0
Scott Adams Board Member 1.00
Director
$0 $0 $0
Marty Divito Board Members 1.00
Director
$0 $0 $0
Mike Mallis Board Member 1.00
Director
$0 $0 $0
Andi Udris Board Member 1.00
Director
$0 $0 $0
Allison Lukascy-Love Board Member 1.00
Director
$0 $0 $0
Tim Boland Board Member 1.00
Director
$0 $0 $0
Shawn Leininger Board Vice President 2.00
Officer Director
$0 $0 $0
Matt Madzy Board President 2.00
Officer Director
$0 $0 $0
Mary Kay Costello SecretaryTreasurer 2.00
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
2021 $112,346 $100,838 $58,318 $11,508
2020 $44,751 $45,914 $18,142 $-1,163
2019 $30,518 $70,974 $20,546 $-40,456
2018 $269,579 $241,398 $60,256 $28,181
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