2523 MARKET CORP

EIN: 341782150 501(c)(3) Community Improvement

CLEVELAND, OH

Total Revenue
$443,121
Total Expenses
$385,260
Total Assets
$1,305,855
Net Assets
$267,756
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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
OH
Principal Officer
ALEX FRONDORF
Phone
2167813222
Tax Period
2024-07-01 to 2025-06-30

2523 MARKET CORP, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $443K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $385K left a modest 13% surplus.

Mission

NEIGHBORHOOD REVITALIZATION.

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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 $443,121
Investment Income $0
Other Revenue $0
TOTAL REVENUE $443,121

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $385,260
Other Expenses $385,260
TOTAL EXPENSES $385,260

Year-over-Year Comparison

2024 2023 Change
Revenue $443,121 $370,154 +0.2%
Expenses $385,260 $418,787 -0.1%
Net Income $57,861 $-48,633 -2.2%
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

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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
5
$130,763
Total Directors
4
$86,775
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS SCHMITT FORMER PRESI 1.00
Officer Director
$0 $0 $86,775
JANE PLATTEN EXECUTIVE DI 1.00
Officer
$0 $0 $43,988
ALEX FRONDORF BOARD PRESID 1.00
Officer Director
$0 $0 $0
SHARHONDA GREER SECRETARY 1.00
Officer Director
$0 $0 $0
ANDY TRARES 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
2025 $443,121 $385,260 $1,305,855 $57,861
2024 $370,154 $418,787 $1,222,458 $-48,633
2023 $322,435 $390,478 $1,245,490 $-68,043
2022 $1,125,830 $1,258,324 $1,289,788 $-132,494
2021 $264,318 $263,933 $1,441,649 $385
2020 $464,274 $519,317 $1,407,963 $-55,043
2019 $416,008 $388,986 $1,506,869 $27,022
2018 $353,979 $372,981 $550,053 $-19,002
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