THE GREATER CINCINNATI FOUNDATION (EIN 310669700) - 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

1963

Legal Domicile

Principal Officer

MATTHEW RANDAZZO

Phone

5132412880

Tax Period

2023-01-01 to 2023-12-31

THE GREATER CINCINNATI FOUNDATION, founded in 1963, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $263.6M in total revenue in fiscal year 2023. Revenue surged 150% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106.3M, a strong 40% operating margin.

Mission

AS A TRUSTED AND CONNECTED PARTNER, WE INSPIRE GENEROUS PEOPLE TO INVEST IN A MORE EQUITABLE AND VIBRANT REGION NOW AND FOR GENERATIONS TO COME.

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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 $241,394,219

Program Service Revenue $0

Investment Income $21,234,371

Other Revenue $929,183

TOTAL REVENUE $263,557,773

Expense Breakdown

Grants Paid $144,047,470

Salaries & Benefits $6,900,282

Fundraising Expenses $2,064,492

Program Expenses $148,502,424

Other Expenses $6,303,844

TOTAL EXPENSES $157,251,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,557,773	$105,394,343	+1.5%
Expenses	$157,251,596	$121,589,479	+0.3%
Net Income	$106,306,177	$-16,195,136	-7.6%

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

258

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

$1,104,028

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN KATZ	CEO & PRESIDENT (UNTIL JUNE 2023)	55.00	Officer	$280,051	$44,842	$324,893
MATTHEW RANDAZZO	CEO & PRESIDENT	55.00	Officer	$316,787	$25,548	$342,335
WILL WOODWARD	CFO/TREASURER (UNTIL AUGUST 2023)	50.00	Officer	$201,011	$35,425	$236,436
MELISSA KRABBE	CFO/TREASURER	50.00	Officer	$156,741	$43,623	$200,364
FELICITY TAO	VP OF MARKETING & INTEGRATION	42.00	Highest	$178,952	$44,026	$222,978
ERIC DEWALD	HEALTHPATH/PHFO, PRESIDENT	1.00	Highest	$171,282	$27,079	$198,361
RASHEDA CROMWELL	VP OF COMMUNITY STRATEGY	42.00	Highest	$155,163	$36,511	$191,674
DENISHA PORTER	EXEC. DIR. - ALL IN CINCIN	42.00	Highest	$153,793	$35,482	$189,275
MEGHAN CUMMINGS	VP OF CIVIC ADVANCEMENT	42.00	Highest	$162,158	$12,618	$174,776
DAVID OSBORN CFA	BOARD MEMBER	3.00	Director	$0	$0	$0
DIGI SCHUELER	BOARD MEMBER	3.00	Director	$0	$0	$0
ERNEST MCADAMS JR ESQ	BOARD MEMBER	3.00	Director	$0	$0	$0
JEN STEIN	BOARD MEMBER	3.00	Director	$0	$0	$0
JOEL STONE	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN DOMASCHKO	BOARD MEMBER	3.00	Director	$0	$0	$0
KEITH DAILEY	BOARD MEMBER	3.00	Director	$0	$0	$0
MARIBETH S RAHE	BOARD MEMBER	3.00	Director	$0	$0	$0
MIKE KEATING	BOARD MEMBER	3.00	Director	$0	$0	$0
NIRVANI HEAD	BOARD MEMBER	3.00	Director	$0	$0	$0
NITA WALKER MD	BOARD MEMBER	3.00	Director	$0	$0	$0
ROBYN F CHATMAN MD	BOARD MEMBER	3.00	Director	$0	$0	$0
SALLIE WESTHEIMER	BOARD MEMBER	3.00	Director	$0	$0	$0
SHEILA COHEN PHD	BOARD MEMBER	3.00	Director	$0	$0	$0
STEVE HIGHTOWER	BOARD MEMBER	3.00	Director	$0	$0	$0
STEVE JEMISON	BOARD MEMBER	3.00	Director	$0	$0	$0
UMA R KOTAGAL MD	BOARD MEMBER	3.00	Director	$0	$0	$0
VADA HILL	BOARD MEMBER	3.00	Director	$0	$0	$0
DELORES HARGROVE-YOUNG	BOARD IMMEDIATE PAST CHAIR	3.00	Officer Director	$0	$0	$0
GEORGE H VINCENT ESQ	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
ELLEN VAN DER HORST	BOARD VICE CHAIR	3.00	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
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$263,557,773	$157,251,596	$981,403,459	$106,306,177
2022	$105,394,343	$121,589,479	$820,405,582	$-16,195,136
2021	$157,180,384	$133,678,570	$931,686,456	$23,501,814
2020	$172,775,235	$130,772,102	$827,117,036	$42,003,133
2019	$137,413,135	$88,508,943	$736,269,474	$48,904,192
2018	$98,241,724	$82,563,293	$608,197,871	$15,678,431

THE GREATER CINCINNATI FOUNDATION