TOLEDO CLASSIC INC (EIN 341499072) - 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

1984

Legal Domicile

Principal Officer

JUDD SILVERMAN

Phone

4195313277

Tax Period

2023-10-01 to 2024-09-30

TOLEDO CLASSIC INC, founded in 1984, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TOLEDO CLASSIC, INC. CONDUCTS THE DANA OPEN. THE NET PROCEEDS OF THIS EVENT ARE DISTRIBUTED TO TOLEDO AREA CHILDREN'S CHARITIES TO BE USED FOR CHARITABLE PURPOSES.

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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 $0

Program Service Revenue $5,781,421

Investment Income $14,882

Other Revenue $0

TOTAL REVENUE $5,796,303

Expense Breakdown

Grants Paid $335,000

Salaries & Benefits $652,651

Fundraising Expenses $0

Program Expenses $5,209,400

Other Expenses $4,867,548

TOTAL EXPENSES $5,855,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,796,303	$4,926,030	+0.2%
Expenses	$5,855,199	$5,099,310	+0.1%
Net Income	$-58,896	$-173,280	-0.7%

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

700

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

$291,300

Total Directors

$291,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDD SILVERMAN	PRESIDENT	40.00	Officer Director	$265,308	$25,992	$291,300
MARC STOCKWELL	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE POTURALSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
TONY CLARK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
GARY GEIGER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF COLE	DIRECTOR	1.00	Director	$0	$0	$0
GREG KASPER	DIRECTOR	1.00	Director	$0	$0	$0
MARK KNIERIM	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KORNOWA	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN WEIDNER	DIRECTOR	1.00	Director	$0	$0	$0
DIRK VANHEYST	DIRECTOR	1.00	Director	$0	$0	$0
DON RETTIG	DIRECTOR	1.00	Director	$0	$0	$0
ALEX GERKEN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA GWYN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DENMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA GURCSIK	DIRECTOR	1.00	Director	$0	$0	$0
MARK LOSS	DIRECTOR	1.00	Director	$0	$0	$0
SYDNEY WILLIAMS	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
AARON BLY	DIRECTOR	1.00	Director	$0	$0	$0
BRAD HIRSCH	DIRECTOR	1.00	Director	$0	$0	$0
RON WELTY	DIRECTOR	1.00	Director	$0	$0	$0
NADIA ELWARDANY	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA MINGO	DIRECTOR	1.00	Director	$0	$0	$0
RICK MLCEK	DIRECTOR	1.00	Director	$0	$0	$0
ROD FILCEK	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY SULLINGER	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN KOSIK	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY BOWMAN	DIRECTOR	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
2024	$5,796,303	$5,855,199	$857,171	$-58,896
2023	$4,926,030	$5,099,310	$796,557	$-173,280
2022	$5,711,148	$5,811,933	$1,236,342	$-100,785
2021	$6,431,231	$6,478,434	$1,903,609	$-47,203
2020	$4,628,343	$4,534,509	$1,579,141	$93,834
2019	$5,867,623	$5,761,555	$1,531,100	$106,068
2018	$5,560,495	$5,457,717	$1,470,069	$102,778

TOLEDO CLASSIC INC