CLEVELAND ASSOC OF BLDG OWNERS & M… - 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

1914

Legal Domicile

Principal Officer

SONDRA TUREK

Phone

2165750305

Tax Period

2023-01-01 to 2023-12-31

CLEVELAND ASSOC OF BLDG OWNERS & MANAGERS, founded in 1914, is a small nonprofit that reported $330K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $449K exceeded revenue, resulting in a 36% operating deficit.

Mission

THE MISSION IS TO PROVIDE ADVOCACY, PROFESSIONAL DEVELOPMENT, NETWORKING AND ECONOMIC SAVINGS OPPORTUNITIES FOR ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $69,227 Revenue: $84,965

531310 MONTHLY MEETINGS ENABLE THE BUILDING OWNERS & MANAGERS ASSOCIATION OF GREATER CLEVELAND TO SERVE ITS MEMBERS BY PROVIDING VALUABLE RESOURCES SUCH AS ADVOCACY, PROFESSIONAL DEVELOPMENT...

531310 MONTHLY MEETINGS ENABLE THE BUILDING OWNERS & MANAGERS ASSOCIATION OF GREATER CLEVELAND TO SERVE ITS MEMBERS BY PROVIDING VALUABLE RESOURCES SUCH AS ADVOCACY, PROFESSIONAL DEVELOPMENT, NETWORKING & ECONOMIC OPPORTUNITY WITHIN THE COMMERCIAL REAL ESTATE INDUSTRY. PRESENTLY 83 FULL & 73 ASSOCIATE MEMBERS TAKE ADVANTAGE OF THIS BUSINESS OPPORTUNITY.

Program 2

Expenses: $57,415 Revenue: $59,165

531390 A NEWSLETTER IS PRINTED FOR MEMBERS. THIS LETTER CONTAINS UPCOMING EVENTS, MORE IMPORTANTLY, IT KEEPS MEMBERS AWARE OF THE LATEST LEGISLATION FROM CONGRESS, THE STATEHOUSE OR LOCAL OFFICIALS THAT WILL AFFECT THEIR BUSINESS. LEGISLATION SUCH AS THE NEWEST MEASUREMENT STANDARDS FOR RENTABLE AREA, OHSA AND THE EPA NEW MANDATES AND CHANGES TO THE EXISTING ONES. AN ADVISORY SERVICE & MEMBER SHARING PROGRAM IS PROVIDED TO BENEFIT MEMBERS BY OFFERING DISCOUNTED GROUP PURCHASING RATES FOR ELECTRICITY & PUBLICATIONS. THE ADVISORY SERVICE & NEWSLETTER STIR THE MEMBERS TO ATTEND MEETINGS & BECOME MORE INVOLVED.

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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 $176,156

Program Service Revenue $141,078

Investment Income $13,159

Other Revenue $0

TOTAL REVENUE $330,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,521

Fundraising Expenses $0

Program Expenses $126,642

Other Expenses $240,120

TOTAL EXPENSES $448,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,393	$395,751	-0.2%
Expenses	$448,641	$453,738	0.0%
Net Income	$-118,248	$-57,987	+1.0%

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

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

$90,739

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATALIE NEMANIC	FORMER EXECU	40.00	Officer	$88,128	$2,611	$90,739
SAM COOPER	DIRECTOR	3.00	Director	$0	$0	$0
KRISTI FELLER	DIRECTOR	3.00	Director	$0	$0	$0
KEVIN GAIL	DIRECTOR	3.00	Director	$0	$0	$0
TOM HOBBS	DIRECTOR	3.00	Director	$0	$0	$0
AL KRIST	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL LATHROP	DIRECTOR	3.00	Director	$0	$0	$0
BILL MCCARTHY	DIRECTOR	3.00	Director	$0	$0	$0
JUDY NOWALK	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTOPHER OGDEN	DIRECTOR	3.00	Director	$0	$0	$0
KEVIN BALLISH	PAST CHAIRMA	5.00	Officer	$0	$0	$0
BRAD BUTLER	CHAIR ELECT	5.00	Officer	$0	$0	$0
DIANA LIS	SECRETARY/TR	5.00	Officer	$0	$0	$0
SONDRA TUREK	VICE CHAIR	5.00	Officer	$0	$0	$0
LABAN ZUROWSKI	CHAIRMAN	5.00	Officer	$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	$330,393	$448,641	$359,627	$-118,248
2022	$395,751	$453,738	$474,431	$-57,987
2021	$445,299	$488,567	$579,117	$-43,268
2020	$434,867	$461,579	$636,398	$-26,712
2019	$459,537	$468,879	$668,695	$-9,342
2018	$489,649	$522,319	$678,388	$-32,670

CLEVELAND ASSOC OF BLDG OWNERS & MANAGERS