GROWTH CAPITAL CORPORATION (EIN 341567708) - 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

1981

Legal Domicile

Principal Officer

JOHN KROPF

Phone

2165922332

Tax Period

2024-01-01 to 2024-12-31

GROWTH CAPITAL CORPORATION, founded in 1981, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 11% surplus.

Mission

TO PROVIDE FINANCING ASSISTANCE TO AREA BUSINESSES AS PART OF AN OVERALL MISSION TO FOSTER ECONOMIC GROWTH AND JOB CREATION IN NORTHEAST OHIO.

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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 $1,819,020

Investment Income $92,250

Other Revenue $41,004

TOTAL REVENUE $1,952,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $991,711

Fundraising Expenses $0

Program Expenses $1,473,557

Other Expenses $749,696

TOTAL EXPENSES $1,741,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,952,274	$1,900,107	+0.0%
Expenses	$1,741,407	$1,736,221	+0.0%
Net Income	$210,867	$163,886	+0.3%

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

$338,545

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN KROPF	PRESIDENT/EX	40.00	Officer	$258,693	$79,852	$338,545
JUAN HERNANDEZ	BUSINESS DEV	40.00	Highest	$155,384	$6,701	$162,085
JEFFREY SOZIO	SBA LOAN OFF	40.00	Highest	$124,825	$30,261	$155,086
WESLEY GILLESPIE	CHAIR	3.00	Officer Director	$0	$0	$0
DANIEL PRENDERGAST	TREASURER	3.00	Officer Director	$0	$0	$0
TIM BRECKNER	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA GATES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KINZEL	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER KOLAR	DIRECTOR	1.00	Director	$0	$0	$0
JAY RUTTER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SCHMOTZER	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	$1,952,274	$1,741,407	$3,629,501	$210,867
2023	$1,900,107	$1,736,221	$4,158,077	$163,886
2022	$2,083,745	$2,067,747	$4,887,031	$15,998
2021	$2,043,974	$2,037,495	$4,546,684	$6,479
2020	$2,718,462	$2,708,403	$19,450,824	$10,059
2019	$2,128,925	$1,870,327	$6,803,540	$258,598
2018	$1,838,802	$1,773,908	$4,560,743	$64,894

GROWTH CAPITAL CORPORATION