THE CINCINNATI REDS COMMUNITY FUND (EIN 311790195) - 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

2001

Legal Domicile

Principal Officer

CHARLEY FRANK

Phone

5137657015

Tax Period

2023-01-01 to 2023-12-31

THE CINCINNATI REDS COMMUNITY FUND, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $2.9M in total revenue in fiscal year 2023. Net assets of $6.9M represent 28 months of operating reserves.

Mission

THE REDS COMMUNITY FUND IS DEDICATED TO IMPROVING THE LIVES OF YOUTHS BY LEVERAGING THE TRADITION OF THE CINCINNATI REDS AND THE GAME OF BASEBALL.

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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 $3,010,489

Program Service Revenue $0

Investment Income $86,048

Other Revenue $-162,184

TOTAL REVENUE $2,934,353

Expense Breakdown

Grants Paid $274,776

Salaries & Benefits $1,035,370

Fundraising Expenses $415,061

Program Expenses $2,560,887

Other Expenses $1,887,119

TOTAL EXPENSES $3,197,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,934,353	$2,758,776	+0.1%
Expenses	$3,197,265	$3,422,600	-0.1%
Net Income	$-262,912	$-663,824	-0.6%

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

1250

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

$326,960

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OWEN WRASSMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM BUTLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RANDY FREKING	TREASURER	1.00	Officer Director	$0	$0	$0
BARB SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
DOUG ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL AQUINO	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN BLINN	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP J CASTELLINI	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK CLIPPINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL DAGGY	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSEY DINGELDEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON EISEL	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN FORGUS	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS HEALY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
MORRIS LENCZICKI	BOARD MEMBER	1.00	Director	$0	$0	$0
HANK MENNINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM O'CONNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KITTY ROSENTHAL	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM VINCENT	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES FRANK	EXECUTIVE DIRECTOR	40.00	Officer	$170,444	$31,938	$202,382
MATTHEW WRASSMAN	DIRECTOR OF FINANCE & ADMIN	40.00	Officer	$105,558	$19,020	$124,578

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	$2,934,353	$3,197,265	$7,591,858	$-262,912
2022	$2,758,776	$3,422,600	$7,788,183	$-663,824
2021	$3,512,302	$3,009,695	$8,201,245	$502,607
2020	$2,434,228	$1,894,772	$8,126,039	$539,456
2019	$2,047,948	$2,827,324	$8,025,026	$-779,376
2018	$3,175,487	$2,850,458	$8,395,322	$325,029

THE CINCINNATI REDS COMMUNITY FUND