GREATER CLEVELAND MEDIA DEVELOPMENT CORPORATION (EIN 341884733) - 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

1998

Legal Domicile

Principal Officer

Bill Garvey

Phone

2166233910

Tax Period

2024-01-01 to 2024-12-31

GREATER CLEVELAND MEDIA DEVELOPMENT CORPORATION, founded in 1998, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $186K, a strong 16% operating margin.

Mission

To promote increased media production in Northeast Ohio using effective strategies for attraction and workforce development including building an artistic infrastructure through film.

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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 $1,110,891

Program Service Revenue $0

Investment Income $0

Other Revenue $34,616

TOTAL REVENUE $1,145,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $752,085

Fundraising Expenses $100,483

Program Expenses $788,629

Other Expenses $207,591

TOTAL EXPENSES $959,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,145,507	$662,379	+0.7%
Expenses	$959,676	$1,009,695	0.0%
Net Income	$185,831	$-347,316	-1.5%

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

$324,950

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill Garvey	President	40	Officer	$152,125	$38,506	$190,631
Seema Jayaswal	Chief Operating Officer	40	Officer	$117,636	$16,683	$134,319
Sarah Melamed	Director	1	Director	$0	$0	$0
Richard Clark	Director	1	Director	$0	$0	$0
TJ DiSanto	Director	1	Director	$0	$0	$0
John Goodman	Director	1	Director	$0	$0	$0
Amy Haught	Chair	2	Officer Director	$0	$0	$0
Lisa Mullin Federico	Secretary	1	Officer Director	$0	$0	$0
Carol Oppenheim	Director	1	Director	$0	$0	$0
Charlie Price	Director	1	Director	$0	$0	$0
David St Pierre	Chair	1	Director	$0	$0	$0
Trisha Bose	Director	1	Director	$0	$0	$0
Esha Hand	Director	1	Director	$0	$0	$0
Machelle Syx	Director	1	Director	$0	$0	$0
Marcie Goodman	Ex Officio	1	Director	$0	$0	$0
Steven Dieringer	Treasurer	4	Officer Director	$0	$0	$0
Allison Smith Newsome	Vice Chair	2	Officer Director	$0	$0	$0
Mario Hairston	Director	1	Director	$0	$0	$0
Robert Gilmore	Director	1	Director	$0	$0	$0
Todd Temperly	Director	1	Director	$0	$0	$0
Jay Lucarelli	Director	1	Director	$0	$0	$0
Ron Willner	Director	1	Director	$0	$0	$0
Jay Lucarelli	Director	1	Director	$0	$0	$0
Sue Ann Philippbar	Director	1	Director	$0	$0	$0
Michael Mangan	Director	1	Director	$0	$0	$0
Olusegun Ishmael MD MBA	Director	1	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	$1,145,507	$959,676	$892,041	$185,831
2023	$662,379	$1,009,695	$715,453	$-347,316
2022	$889,604	$845,314	$1,083,741	$44,290
2021	$741,943	$522,000	$519,604	$219,943
2020	$742,990	$686,325	$309,164	$56,665
2019	$762,379	$766,763	$174,443	$-4,384
2018	$1,046,218	$817,201	$270,047	$229,017

GREATER CLEVELAND MEDIA DEVELOPMENT CORPORATION