SHAKER HEIGHTS DEVELOPMENT CORPORATION (EIN 341314225) - 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

1980

Legal Domicile

Principal Officer

BENJAMIN WOODCOCK

Phone

2164911425

Tax Period

2023-01-01 to 2023-12-31

SHAKER HEIGHTS DEVELOPMENT CORPORATION, founded in 1980, is a small nonprofit in the Community Improvement sector that reported $298K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $356K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE SHDC'S MISSION IS TO ENHANCE THE COMMERCIAL REVITALIZATION EFFORTS OF (CONTINUED ON SCHEDULE O) THE CITY OF SHAKER HEIGHTS IN ORDER TO STRENGTHEN RESIDENTIAL NEIGHBORHOODS AND DIVERSIFY THE CITY'S TAX BASE.

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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 $81,997

Program Service Revenue $193,224

Investment Income $13,385

Other Revenue $9,593

TOTAL REVENUE $298,199

Expense Breakdown

Grants Paid $6,935

Salaries & Benefits $82,934

Fundraising Expenses $0

Program Expenses $207,377

Other Expenses $266,315

TOTAL EXPENSES $356,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,199	$363,023	-0.2%
Expenses	$356,184	$319,713	+0.1%
Net Income	$-57,985	$43,310	-2.3%

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

$82,934

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS FEDOR	EXECUTIVE DIRECTOR	40.00	Officer	$82,694	$240	$82,934
KIM BISENSTINE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREA BOYD	CITIZEN BOARD MEMBER	1.00	Director	$0	$0	$0
JOYCE BRAVERMAN	CITIZEN BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX C CAMPBELL	CITIZEN BOARD MEMBER	1.00	Director	$0	$0	$0
JERI E CHAIKIN	SECRETARY	1.00	Officer Director	$0	$0	$0
VICKI ELDER	CITIZEN BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA ENGLEHART	CITIZEN BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNA GANNING	CITIZEN BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY LOVE	AT LARGE EXECUTIVE COMMITTEE MEMBER	1.00	Director	$0	$0	$0
SEAN MALONE	CITIZEN BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY MOORE	CITIZEN BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY PARIS	AT LARGE EXECUTIVE COMMITTEE MEMBER	1.00	Director	$0	$0	$0
RICHARD W POGUE	EMERITUS TRUSTEE	1.00	Director	$0	$0	$0
KANDIS WILLIAMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BENJAMIN WOODCOCK	TREASURER	1.00	Officer Director	$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	$298,199	$356,184	$1,311,126	$-57,985
2022	$363,023	$319,713	$1,445,329	$43,310
2021	$633,735	$300,685	$1,102,075	$333,050
2020	$433,361	$309,541	$1,095,136	$123,820
2019	$462,670	$352,112	$960,487	$110,558
2018	$342,374	$271,742	$580,813	$70,632

SHAKER HEIGHTS DEVELOPMENT CORPORATION