CLEVELAND COMMUNITY FUND

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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

1943

Legal Domicile

Phone

2164362100

Tax Period

2024-07-01 to 2025-06-30

CLEVELAND COMMUNITY FUND, founded in 1943, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $461K in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $430K, a strong 93% operating margin.

Mission

CLEVELAND COMMUNITY FUND IS THE PRECURSOR ORGANIZATION TO UNITED WAY OF GREATER CLEVELAND (34-6516654) IN NORTHEAST OHIO AND EXISTS TO SUPPORT ITS EXEMPT PURPOSE BY PROVIDING SUPPORT TO ITS PROGRAMMING AND OPERATIONS.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

TO SUPPORT UNITED WAY OF GREATER CLEVELAND'S EXEMPT PURPOSE BY PROVIDING SUPPORT TO ITS PROGRAMMING AND OPERATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $461,325

Other Revenue $0

TOTAL REVENUE $461,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $31,073

TOTAL EXPENSES $31,073

Year-over-Year Comparison

	2024	2023	Change
Revenue	$461,325	$237,856	+0.9%
Expenses	$31,073	$31,608	0.0%
Net Income	$430,252	$206,248	+1.1%

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

N/A

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

$659,680

Total Directors

$487,532

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW J PAINE III	TREASURER & CHAIR, FINANCE	0.2	Officer Director	$0	$0	$0
CHRIS ADAMS	CHAIR, MARKETING & BRAND STRATEGY COMMITTEE	0.2	Officer Director	$0	$0	$0
DEE BAGWELL HASLAM	CHAIR, MKTG AND BRAND STRATEGY	0.2	Officer Director	$0	$0	$0
ENID B ROSENBERG	CHAIR, GOVERNANCE & NOMINATING COMMITTEE	0.2	Officer Director	$0	$0	$0
IRA C KAPLAN	CO-CHAIR, STRATEGIC PLANNING	0.2	Officer Director	$0	$0	$0
J DAVID HELLER	CO-CHAIR, STRATEGIC PLANNING	0.2	Officer Director	$0	$0	$0
JAMES A RATNER	VICE CHAIR	0.2	Officer Director	$0	$0	$0
JEFFREY D ZIMON	CHAIR, HR COMMITTEE	0.2	Officer Director	$0	$0	$0
KEVIN CLAYTON	CO-CHAIR, STRATEGIC PLANNING	0.2	Officer Director	$0	$0	$0
KIM MEISEL PESSES	VICE CHAIR, COMMUNITY INVESTMENT	0.2	Officer Director	$0	$0	$0
MICHELE L CONNELL	VICE CHAIR, GOVERN. & NOMINAT.	0.2	Officer Director	$0	$0	$0
MONTE REPASKY	VICE CHAIR, RESOURCE DEVELOPMENT	0.2	Officer Director	$0	$0	$0
PATRICK M PASTORE	CHAIR, RESOURCE DEVELOPMENT	0.2	Officer Director	$0	$0	$0
PAUL J DOLAN	CHAIR	0.2	Officer Director	$0	$0	$0
SHARON SOBOL JORDAN	PRESIDENT & CEO	1.0	Officer Director	$0	$84,599	$487,532
SONALI B WILSON ESQ	ASST SEC & CHAIR, POLICY & ADV	0.2	Officer Director	$0	$0	$0
TARAS G SZMAGALA JR	VICE CHAIR, PUBLIC POLICY & ADVOCACY COMMITTEE	0.2	Officer Director	$0	$0	$0
VANESSA L WHITING ESQ	CHAIR ELECT & CHAIR COMMUNITY INVESTMENT	0.2	Officer Director	$0	$0	$0
VICTOR RUIZ	SECRETARY	0.2	Officer Director	$0	$0	$0
BEVERLY J SCHNEIDER	DIRECTOR (THRU 9/24)	0.1	Director	$0	$0	$0
CRAIG ARNOLD	DIRECTOR	0.1	Director	$0	$0	$0
EDWARD J BELL	DIRECTOR	0.1	Director	$0	$0	$0
HARRIET APPLEGATE	DIRECTOR	0.1	Director	$0	$0	$0
LORNA WISHAM	DIRECTOR	0.1	Director	$0	$0	$0
PAUL L WELLENER IV	DIRECTOR	0.1	Director	$0	$0	$0
RONN RICHARD	DIRECTOR	0.1	Director	$0	$0	$0
SUSAN D KRANTZ	DIRECTOR	0.1	Director	$0	$0	$0
DEBORAH ENTY	CHIEF FINANCE, CFO (THRU 8/24)	1.0	Officer	$0	$22,571	$172,148
MICHAEL BEEDLES	CHIEF FINANCIAL OFFICER (AS OF 1/25)	1.0	Officer	$0	$0	$0
KENNETH SURRATT	CHIEF COMMUNITY INVESTMENT & RESOURCE DEVELOPMENT	1.0	Highest	$0	$30,132	$217,859
KRISTIN POPELMAYER	CHIEF BRAND MARKETING & COMMUNICATIONS	1.0	Highest	$0	$38,084	$181,861
MICHAEL BROWN	SENIOR DIRECTOR, HR	1.0	Highest	$0	$45,340	$176,218
TOI COMER	VP RESOURCE DEVELOPMENT	1.0	Highest	$0	$9,697	$157,604

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	$461,325	$31,073	$8,432,076	$430,252
2024	$237,856	$31,608	$8,094,297	$206,248
2023	$151,583	$32,106	$7,366,700	$119,477
2022	$302,739	$20,981	$12,473,679	$281,758
2021	$1,076,319	$23,500	$13,396,306	$1,052,819
2020	$974,787	$34,988	$12,335,530	$939,799
2019	$414,864	$51,183	$12,186,926	$363,681
2018	$1,109,838	$3,823,810	$11,855,591	$-2,713,972