WESTERN RESERVE FIRE MUSEUM AT CLEVELAND INC (EIN 341590214) - 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

1988

Legal Domicile

Principal Officer

JIM BELL

Phone

2166646312

Tax Period

2023-01-01 to 2023-12-31

WESTERN RESERVE FIRE MUSEUM AT CLEVELAND INC, founded in 1988, is a small nonprofit that reported $192K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $185K left a modest 4% surplus.

Mission

TO PROVIDE A FIRST-CLASS REGIONAL FIRE MUSEUM AND EDUCATION CENTER TO DRAMATICALLY INCREASE FIRE SAFETY PROGRAMMING AND REDUCE THE NUMBER OF FIRE DEATHS AND INJURIES IN NORTHEAST OHIO.IT IS ALSO TO PRESERVE THE HISTORY OF THE FIRE SERVICE BY COLLECTING HISTORICALLY SIGNIFICANT FIRE-RELATED MATERIAL, AND PRESERVING ITS HISTORICAL BUILDING, FORMERLY THE CLEVELAND FIRE ALARM OFFICE AND STATION #28 LOCATED AT 310 CARNEGIE AVENUE, CLEVELAND 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 (2023)

Revenue Breakdown

Contributions & Grants $138,082

Program Service Revenue $13,272

Investment Income $19

Other Revenue $40,752

TOTAL REVENUE $192,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,363

Fundraising Expenses $170

Program Expenses $126,878

Other Expenses $150,759

TOTAL EXPENSES $185,122

Year-over-Year Comparison

	2023	2022	Change
Revenue	$192,125	$254,144	-0.2%
Expenses	$185,122	$187,763	0.0%
Net Income	$7,003	$66,381	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BELL	PRESIDENT	24.00	Officer Director	$0	$0	$0
ELAINE M STRAUB	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MARTONE	DIRECTOR	1.00	Officer Director	$0	$0	$0
DUANE F BISHOP JR	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNY BREWINGTON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA POOLE ESQ	DIRECTOR	3.00	Director	$0	$0	$0
ANDREW CZARZASTY ESQ	SECRETARY	3.00	Officer Director	$0	$0	$0
BYRAN DRAGA	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL HAYDEN	DIRECTOR	3.00	Director	$0	$0	$0
ROY P ZIGANTI JR	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND M KOTECKI	TREASURER	10.00	Officer Director	$0	$0	$0
LARRY GORDON	DIRECTOR	3.00	Director	$0	$0	$0
ANGELA TIMPERIO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN A ZANGERLE ESQ	DIRECTOR	15.00	Director	$0	$0	$0
JAMES F BYRNE	VICE PRESIDENT	1.00	Director	$0	$0	$0
DEAN MURAD	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	No data	No data	No data	No data
2023	$192,125	$185,122	$1,590,124	$7,003
2022	$254,144	$187,763	$1,587,753	$66,381
2021	$211,005	$152,067	$1,519,528	$58,938
2020	$143,767	$154,889	$1,395,295	$-11,122
2019	$160,504	$150,719	$1,399,231	$9,785
2018	$201,561	$141,088	$1,444,558	$60,473

WESTERN RESERVE FIRE MUSEUM AT CLEVELAND INC