SPIRIT OF CLEVELAND INC (EIN 341823509) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

David Gilbert President and CEO

Phone

2168756600

Tax Period

2023-01-01 to 2023-12-31

SPIRIT OF CLEVELAND INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $880K in total revenue in fiscal year 2023. Revenue surged 2050% from the prior year, signaling strong growth momentum. The organization ran a surplus of $444K, a strong 50% operating margin.

Mission

Programs and infrastructure developed to improve overall visitor experience and provide education and training for Greater Cleveland's hospitality industry.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $878,000

Program Service Revenue $0

Investment Income $1,582

Other Revenue $0

TOTAL REVENUE $879,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $435,855

Other Expenses $435,855

TOTAL EXPENSES $435,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$879,582	$40,920	+20.5%
Expenses	$435,855	$109,244	+3.0%
Net Income	$443,727	$-68,324	-7.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
David Gilbert	President and Secretary	1	Officer Director	$0	$0	$0
Michael Jeans	Treasurer	0.5	Officer Director	$0	$0	$0
Ann Zoller	Trustee	0.5	Director	$0	$0	$0
Jon Pinney	Chair	0.5	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
2024	No data	No data	No data	No data
2023	$879,582	$435,855	$476,456	$443,727
2022	$40,920	$109,244	$32,680	$-68,324
2021	$55,138	$50,536	$163,940	$4,602
2020	$1,922,253	$1,842,347	$625,396	$79,906
2019	$2,039,108	$2,029,610	$437,475	$9,498
2018	$1,468,820	$1,578,157	$441,903	$-109,337

SPIRIT OF CLEVELAND INC