AKRON COMMUNITY FOUNDATION (EIN 341087615) - 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

1955

Legal Domicile

Principal Officer

JOHN F GAROFALO

Phone

3303768522

Tax Period

2024-04-01 to 2025-03-31

AKRON COMMUNITY FOUNDATION, founded in 1955, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $20.3M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Net assets of $266.5M represent 158 months of operating reserves.

Mission

TO IDENTIFY, ACTIVATE, AND SUPPORT INFORMED AND PASSIONATE PHILANTHROPISTS WHO STRIVE TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITY.

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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 $17,027,895

Program Service Revenue $0

Investment Income $3,427,022

Other Revenue $-157,511

TOTAL REVENUE $20,297,406

Expense Breakdown

Grants Paid $15,513,159

Salaries & Benefits $2,824,226

Fundraising Expenses $1,561,941

Program Expenses $16,814,993

Other Expenses $1,711,535

TOTAL EXPENSES $20,048,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,297,406	$33,807,174	-0.4%
Expenses	$20,048,920	$21,947,289	-0.1%
Net Income	$248,486	$11,859,885	-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

$949,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTY HAUSER	CHAIR	2.00	Officer Director	$0	$0	$0
J BRET TREIER	TRUSTEE	1.50	Director	$0	$0	$0
S THERESA CARTER	SECRETARY	2.00	Officer Director	$0	$0	$0
SYLVIA TRUNDLE	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
CARLA CHAPMAN	COMMUNITY INVESTMENT CO-CHAIR	2.00	Officer Director	$0	$0	$0
MARK BACHMANN	TRUSTEE	1.50	Director	$0	$0	$0
TRACY DOWE	TRUSTEE	1.50	Director	$0	$0	$0
TRACY CARTER	TRUSTEE	1.50	Director	$0	$0	$0
LAURA CULP	TRUSTEE	1.50	Director	$0	$0	$0
JODY KONSTAND	GOVERNANCE CHAIR	2.00	Officer Director	$0	$0	$0
JAMES PICKARD	VICE CHAIR/AUDIT CHAIR	2.00	Officer Director	$0	$0	$0
BILL STEERE	TRUSTEE	1.50	Director	$0	$0	$0
KIM HAWS FALASCO	COMMUNITY RELATIONS CHAIR	2.00	Officer Director	$0	$0	$0
DOUG KUCZYNSKI	TRUSTEE	1.50	Director	$0	$0	$0
SHEFALI MAHESH	TRUSTEE	1.50	Director	$0	$0	$0
ANGELINA MILO	TRUSTEE	1.50	Director	$0	$0	$0
BRIAN MOORE	TRUSTEE	1.50	Director	$0	$0	$0
ERNEST POUTTU	TREASURER/FINANCE CHAIR	2.00	Officer Director	$0	$0	$0
STEVE SCHMIDT	COMMUNITY INVESTMENT CO-CHAIR	2.00	Officer Director	$0	$0	$0
KATIE SMUCKER	TRUSTEE	1.50	Director	$0	$0	$0
KEEVEN WHITE	STRATEGIC PLANNING CHAIR	2.00	Officer Director	$0	$0	$0
TIM ABLE	TRUSTEE	1.50	Director	$0	$0	$0
DENNIS BUTTS JR	TRUSTEE	1.50	Director	$0	$0	$0
KENDRA PHILON	TRUSTEE	1.50	Director	$0	$0	$0
JOHN T PETURES JR	PRESIDENT & CEO	40.00	Officer	$313,841	$100,691	$414,532
STEVEN H SCHLOENBACH	VICE PRESIDENT, CFO	40.00	Officer	$183,123	$28,216	$211,339
JOHN GAROFALO	VP OF COMMUNITY INVESTMENT	40.00	Officer	$157,634	$18,158	$175,792
LAURA LEDERER	VP & CDO	40.00	Officer	$121,226	$26,528	$147,754
DENNIS JANSKY	DIRECTOR OF ACCOUNTING & ADMIN.	40.00	Highest	$114,215	$38,388	$152,603
TRACY BURT	DIRECTOR OF MARKETING	40.00	Highest	$112,893	$37,304	$150,197

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	$20,297,406	$20,048,920	$305,457,507	$248,486
2024	$33,807,174	$21,947,289	$297,142,559	$11,859,885
2023	$11,908,040	$18,169,831	$259,622,677	$-6,261,791
2022	$29,242,242	$17,458,880	$279,695,721	$11,783,362
2021	$39,277,326	$24,610,356	$274,088,705	$14,666,970
2020	$15,338,811	$15,175,742	$199,407,624	$163,069
2019	$17,836,804	$14,432,006	$220,708,500	$3,404,798

AKRON COMMUNITY FOUNDATION