CASCADE CAPITAL CORPORATION

EIN: 341423558

AKRON, OH

Total Revenue
$933,888
Total Expenses
$802,682
Total Assets
$3,031,080
Net Assets
$2,886,310
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
OH
Principal Officer
ROBERT FILIPIAK
Phone
3303793160
Tax Period
2024-10-01 to 2025-09-30

CASCADE CAPITAL CORPORATION, founded in 1983, is a small nonprofit that reported $934K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $803K left a modest 14% surplus.

Mission

CASCADE CAPITAL CORPORATION'S PRIMARY OPERATING GOAL IS TO PROVIDE FINANCING ASSISTANCE TO AREA COMPANIES (PREDOMINANTLY IN NORTHEAST OHIO) POISED TO GROW THROUGH INVESTMENT IN NEW OPERATING FACILITIES, EQUIPMENT AND EMPLOYEES.

Program Service Accomplishments

Program 1
Expenses: $723,318 Revenue: $828,791

CASCADE CAPITAL CORPORATION IS A CERTIFIED DEVELOPMENT COMPANY (BY THE U.S. SMALL BUSINESS ADMINISTRATION), WHICH DELIVERS THE SBA 504 LOAN PROGRAM THROUGHOUT OHIO. IT IS ALSO AN AGENCY OF THE OHIO...

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CASCADE CAPITAL CORPORATION IS A CERTIFIED DEVELOPMENT COMPANY (BY THE U.S. SMALL BUSINESS ADMINISTRATION), WHICH DELIVERS THE SBA 504 LOAN PROGRAM THROUGHOUT OHIO. IT IS ALSO AN AGENCY OF THE OHIO 166 REGIONAL LOAN PROGRAM. DURING THE FISCAL YEAR, CASCADE CAPITAL CORPORATION CLOSED NINE SBA 504 LOANS TOTALING 9,987,000 AND NINE OHIO 166 LOANS TOTALING 5,693,692. CASCADE CAPITAL CORPORATION CURRENTLY MANAGES 118 SBA 504 LOANS AND 40 OHIO 166 LOANS TOTALING 71,549,299.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $725,034
Investment Income $200,111
Other Revenue $8,743
TOTAL REVENUE $933,888

Expense Breakdown

Grants Paid $0
Salaries & Benefits $612,601
Fundraising Expenses $0
Program Expenses $723,318
Other Expenses $190,081
TOTAL EXPENSES $802,682

Year-over-Year Comparison

2024 2023 Change
Revenue $933,888 $849,738 +0.1%
Expenses $802,682 $790,284 +0.0%
Net Income $131,206 $59,454 +1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
16
Employees
3
Volunteers
24

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
6
$294,763
Total Directors
17
$294,763
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT FILIPIAK EXECUTIVE DI 40.00
Officer Director
$256,800 $37,963 $294,763
DAN RIFFLE SENIOR LOAN 40.00
Highest
$170,300 $10,435 $180,735
BETHANY DENTLER TRUSTEE 1.00
Director
$0 $0 $0
SCOTT DODDS VICE-CHAIR 2.00
Officer Director
$0 $0 $0
BRADFORD EHRHART TRUSTEE 1.00
Director
$0 $0 $0
BRUCE FRIEDMAN CHAIRMAN 2.00
Officer Director
$0 $0 $0
LIZ KUONEN TRUSTEE 1.00
Director
$0 $0 $0
RAY LAMPNER TRUSTEE 1.00
Director
$0 $0 $0
JOHN MARTIN SECRETARY 2.00
Officer Director
$0 $0 $0
ROBERT MCKEE TRUSTEE 1.00
Director
$0 $0 $0
LINDA NUOSCI TRUSTEE 1.00
Director
$0 $0 $0
NEVIN NUSSBAUM TRUSTEE 1.00
Director
$0 $0 $0
DON PAVLIK IMMED PAST C 2.00
Officer Director
$0 $0 $0
BRAD PULLEY TRUSTEE 1.00
Director
$0 $0 $0
JOHN SKAKUN TREASURER 2.00
Officer Director
$0 $0 $0
DAN SMITH TRUSTEE 1.00
Director
$0 $0 $0
KEVIN VONDERAU TRUSTEE 1.00
Director
$0 $0 $0
NEIL WAXMAN TRUSTEE 1.00
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
2025 $933,888 $802,682 $3,031,080 $131,206
2024 $849,738 $790,284 $3,569,647 $59,454
2023 $754,678 $761,182 $2,439,914 $-6,504
2022 $573,108 $617,919 $2,306,667 $-44,811
2021 $615,729 $744,013 $2,757,346 $-128,284
2020 $666,677 $735,909 $2,570,473 $-69,232
2019 $542,267 $658,106 $2,533,341 $-115,839
2018 $599,052 $693,645 $2,685,091 $-94,593
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