JACOB AND CLARA FABER COMMUNITY ENRICHMENT AND EDUCATION FOUNDATION (EIN 341969503) - 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

2001

Legal Domicile

Principal Officer

GUY F KLAPP III

Phone

3306979580

Tax Period

2023-01-01 to 2023-12-31

JACOB AND CLARA FABER COMMUNITY ENRICHMENT AND EDUCATION FOUNDATION, founded in 2001, is a small nonprofit in the Education sector that reported $308K in total revenue in fiscal year 2023. Revenue surged 282% from the prior year, signaling strong growth momentum. Expenses of $472K exceeded revenue, resulting in a 53% operating deficit.

Mission

TO FOSTER AND TEACH AUTO COLLISION REPAIR AND REFINISHING TO JUNIOR AND SENIOR STUDENTS OF THE SIX DISTRICT COMPACT COMMUNITY (WOODRIDGE, CUYAHOGA FALLS, STOW, HUDSON, TALLMADGE AND KENT ROOSEVELT).

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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 $50,000

Program Service Revenue $105,412

Investment Income $152,390

Other Revenue $0

TOTAL REVENUE $307,802

Expense Breakdown

Grants Paid $13,000

Salaries & Benefits $138,970

Fundraising Expenses $0

Program Expenses $368,761

Other Expenses $319,593

TOTAL EXPENSES $471,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,802	$80,575	+2.8%
Expenses	$471,563	$398,329	+0.2%
Net Income	$-163,761	$-317,754	-0.5%

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

$123,567

Total Directors

$123,567

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUY F KLAPP III	PRESIDENT &	45.00	Officer Director	$76,818	$46,749	$123,567
GAIL ANGELETTI	SECRETARY	1.00	Officer Director	$0	$0	$0
N'ECOLE AST	VICE PRESIDE	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
2024	No data	No data	No data	No data
2023	$307,802	$471,563	$6,578,118	$-163,761
2022	$80,575	$398,329	$6,676,539	$-317,754
2021	$576,572	$358,538	$7,595,151	$218,034
2020	$352,711	$346,849	$7,488,375	$5,862
2019	$286,228	$387,041	$5,885,235	$-100,813
2018	$325,130	$390,257	$5,609,984	$-65,127

JACOB AND CLARA FABER COMMUNITY ENRICHMENT AND EDUCATION FOUNDATION