THE STRANAHAN SUPPORTING ORGANIZATION

EIN: 311572640 501(c)(3) Philanthropy & Grantmaking

TOLEDO, OH

Total Revenue
$555,216
Total Expenses
$438,522
Total Assets
$15,210,209
Net Assets
$15,210,209
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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
1997
Legal Domicile
OH
Principal Officer
KATE SOMMERFELD
Phone
4192415049
Tax Period
2023-01-01 to 2023-12-31

THE STRANAHAN SUPPORTING ORGANIZATION, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $555K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 21% operating margin.

Mission

AS A SUPPORTING ORGANIZATION OF THE TOLEDO COMMUNITY FOUNDATION, INC., THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO FURTHER THE MISSION OF THE TOLEDO COMMUNITY FOUNDATION, INC. IN SERVING THE PEOPLE OF NORTHWEST OHIO AND SOUTHEAST MICHIGAN BY PROVIDING GRANTS TO OTHER TAX-EXEMPT ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $555,216
Other Revenue $0
TOTAL REVENUE $555,216

Expense Breakdown

Grants Paid $399,518
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $399,518
Other Expenses $39,004
TOTAL EXPENSES $438,522

Year-over-Year Comparison

2023 2022 Change
Revenue $555,216 $435,548 +0.3%
Expenses $438,522 $485,750 -0.1%
Net Income $116,694 $-50,202 -3.3%
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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
$568,739
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR KEITH BURWELL SECRETARY/TREASURER 0.25
Officer
$0 $60,259 $343,661
MS KIM CRYAN CFO 0.25
Officer
$0 $44,053 $225,078
MS PATRICIA APPOLD CHAIR 0.25
Officer Director
$0 $0 $0
MR PARISS COLEMAN II ESQ TRUSTEE 0.25
Director
$0 $0 $0
MS PAGE ARMSTRONG TRUSTEE 0.25
Director
$0 $0 $0
MR FRANK JACOBS TRUSTEE 0.25
Director
$0 $0 $0
MRS FRANCES PARRY TRUSTEE 0.25
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
2023 $555,216 $438,522 $15,210,209 $116,694
2022 $435,548 $485,750 $15,093,322 $-50,202
2021 $3,613,318 $538,523 $15,143,524 $3,074,795
2020 $679,827 $344,239 $12,068,729 $335,588
2019 $1,265,792 $406,250 $11,733,141 $859,542
2018 $602,825 $389,612 $10,873,599 $213,213
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