Corporation for Findlay Market of … - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

Kelly Lanser

Phone

5136654839

Tax Period

2022-07-01 to 2023-06-30

Corporation for Findlay Market of Cincinnati, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $4.2M in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $4.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

To successfully manage and expand historic Findlay Market as a thriving, and dynamic public market that promotes regional connectivity and creates economic and social vitality for the center city.

Program Service Accomplishments

Program 1

Expenses: $2,376,910 Revenue: $2,211,619

To manage and operate the historic Findlay Market of Cincinnati, Ohio.

Program 2

Expenses: $454,911 Revenue: $414,835

To develop an incubator kitchen to support the launch of new food related businesses.

Program 3

Expenses: $264,228 Revenue: $40,255

Findlay Learn/Launch is a dedicated Food business education and launch for entrepreneurs. The program connects current and future food entrepreneurs with knowledge, support, and access to...

Findlay Learn/Launch is a dedicated Food business education and launch for entrepreneurs. The program connects current and future food entrepreneurs with knowledge, support, and access to opportunities. The goal is to support those interested in, and those already in, the industry, as they build successful sustainable food-focused businesses. With curriculum-based courses, workshops, info sessions, and industry panels, and a focus on supporting BIPOC, women and immigrants, participants will find a diverse, supportive community and a clearer pathway to their next step.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,108,557

Program Service Revenue $2,644,118

Investment Income $15,808

Other Revenue $422,041

TOTAL REVENUE $4,190,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,654,531

Fundraising Expenses $360,710

Program Expenses $3,718,509

Other Expenses $2,016,482

TOTAL EXPENSES $4,671,013

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,190,524	$5,005,440	-0.2%
Expenses	$4,671,013	$4,395,065	+0.1%
Net Income	$-480,489	$610,375	-1.8%

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

163

Volunteers

300

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

$113,292

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adamson Kelly	Director	4.00	Director	$0	$0	$0
Allouch Roula	Director	4.00	Director	$0	$0	$0
Curry Wynne	Director	4.00	Director	$0	$0	$0
Featherstone Asa IV	Director	4.00	Director	$0	$0	$0
Grant Rico	Director	4.00	Director	$0	$0	$0
Groth Colin	Director	4.00	Director	$0	$0	$0
Haggard Mark	Director	4.00	Director	$0	$0	$0
Immell Todd	Director	4.00	Director	$0	$0	$0
Jain Krutarth	Director	4.00	Director	$0	$0	$0
Linneman Rob	Director	4.00	Director	$0	$0	$0
MacQueeney Kathleen	Director	4.00	Director	$0	$0	$0
Metz Pete	Director	4.00	Director	$0	$0	$0
Mulvihill Morgan	Director	4.00	Director	$0	$0	$0
Preston Tarita	Director	4.00	Director	$0	$0	$0
Stagaman Mary	Director	4.00	Director	$0	$0	$0
Ware Lincoln	Director	4.00	Director	$0	$0	$0
Combs Jason	Treasurer	7.00	Officer Director	$0	$0	$0
Findlay Rick	Secretary	7.00	Officer Director	$0	$0	$0
Gerhardt Chip	Past Chair	4.00	Officer Director	$0	$0	$0
Hager Lia	Board Chair	10.00	Officer Director	$0	$0	$0
Taylor Deana	Vice Chair	8.00	Officer Director	$0	$0	$0
Heaney Cordelia	President-start Apr 23	50.00	Officer	$0	$0	$0
Hansbauer Joe	President-exit Sept 22	50.00	Officer	$100,736	$12,556	$113,292

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,190,524	$4,671,013	$3,617,745	$-480,489
2022	$5,005,440	$4,395,065	$5,628,272	$610,375
2021	$3,047,914	$3,212,633	$5,714,045	$-164,719
2020	$2,946,835	$3,568,924	$5,508,988	$-622,089
2019	$2,763,151	$3,374,199	$5,511,719	$-611,048

Corporation for Findlay Market of Cincinnati