ELYRIA CHARITIES INC

EIN: 300277860 501(c)(3) Human Services

ELYRIA, OH

Total Revenue
$1,096,459
Total Expenses
$769,880
Total Assets
$2,582,306
Net Assets
$2,582,306
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
OH
Principal Officer
WILLIAM T SPEIDEL
Phone
4403650205
Tax Period
2024-01-01 to 2024-12-31

ELYRIA CHARITIES INC, founded in 2004, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $327K, a strong 30% operating margin.

Mission

ELYRIA CHARITIES PROVIDES FINANCIAL SUPPORT TO EDUCATIONAL AND HEALTH ORGANIZATIONS THROUGHOUT 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $218,725
Other Revenue $877,734
TOTAL REVENUE $1,096,459

Expense Breakdown

Grants Paid $505,015
Salaries & Benefits $207,337
Fundraising Expenses $0
Program Expenses $713,842
Other Expenses $57,528
TOTAL EXPENSES $769,880

Year-over-Year Comparison

2024 2023 Change
Revenue $1,096,459 $961,344 +0.1%
Expenses $769,880 $559,406 +0.4%
Net Income $326,579 $401,938 -0.2%
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
7
Independent Members
5
Employees
2
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
4
$197,440
Total Directors
7
$197,440
Key Employees
2
$197,440
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM SPEIDEL EXECUTIVE DIR,/TREASURE 040.00
Officer Director Key Emp Highest
$69,600 $32,000 $101,600
TERI SPEIDEL ASST EXEC DIR,/TRUSTEE 040.00
Officer Director Key Emp
$63,840 $32,000 $95,840
RACHAEL SPEIDEL PRESIDENT/DIRECTOR 015.00
Officer Director
$0 $0 $0
RUSSELL MILLER SECRETARY/DIRECTOR 001.00
Officer Director
$0 $0 $0
CHRIS KELLEY TRUSTEE / DIRECTOR 001.00
Director
$0 $0 $0
MONICA HEALTH TRUSTEE / DIRECTOR 001.00
Director
$0 $0 $0
DETANIA JACKSON TRUSTEE / DIRECTOR 001.00
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
2024 $1,096,459 $769,880 $2,582,306 $326,579
2023 $961,344 $559,406 $2,256,593 $401,938
2022 $770,356 $401,681 $1,854,545 $368,675
2021 $763,578 $267,181 $1,486,500 $496,397
2020 $418,317 $176,619 $990,930 $241,698
2019 $436,944 $214,811 $747,851 $222,133
2018 $282,970 $218,334 $527,078 $64,636
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