THE TOLEDO BAR ASSOCIATION (EIN 344428948) - 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

1953

Legal Domicile

Phone

4192429363

Tax Period

2022-07-01 to 2023-06-30

THE TOLEDO BAR ASSOCIATION, founded in 1953, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDE OUTSTANDING SERVICE TO OUR MEMBERS AND TO ASSIST THEM IN SERVING THE LEGAL PROFESSION AND THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $24,750

Program Service Revenue $946,036

Investment Income $50,803

Other Revenue $-5,072

TOTAL REVENUE $1,016,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $827,287

Fundraising Expenses $0

Other Expenses $367,793

TOTAL EXPENSES $1,195,080

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,016,517	$1,204,054	-0.2%
Expenses	$1,195,080	$1,142,926	+0.0%
Net Income	$-178,563	$61,128	-3.9%

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

100

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

$169,180

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYRON C DUHART	PAST PRESIDENT	1.00	Director	$0	$0	$0
SARAH K SKOW	PRESIDENT	3.00	Officer Director	$0	$0	$0
CINDY M KIRBY	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH K COLE	SECRETARY	1.00	Officer Director	$0	$0	$0
JEREMIAH P O'BRIEN	TREASURER	3.00	Officer Director	$0	$0	$0
CARMILLE L AKANDE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
STEVIN J GROTH	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY E EFFLER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
VALERIE J FATICA	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TREVOR N FERNANDES	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JEREMY T RODRIGUEZ	BOARD DIRECTOR	1.00	Director	$0	$0	$0
EVY M JARRETT	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TAMMY G LAVALETTE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE E MAYLE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MONICA JD YVONNE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH W SHINAVER JR	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KYLE A SILVERS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CARASUSANA WALL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA A WISE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CRAIG M WITHERELL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ADAM S NIGHTINGALE	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KAYLA L HENDERSON	JUNIOR BAR REPRESENTATIVE	1.00	Director	$0	$0	$0
BENJAMIN BARROS	UNIVERSITY REPRESENTATIVE	1.00	Director	$0	$0	$0
BRADLEY J LAGUSCH	EXECUTIVE DIRECTOR	40.00	Officer	$150,000	$19,180	$169,180

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,016,517	$1,195,080	$2,470,169	$-178,563
2022	$1,204,054	$1,142,926	$2,317,495	$61,128
2021	$1,297,929	$1,127,199	$2,437,648	$170,730
2020	$1,106,900	$1,194,968	$1,920,734	$-88,068
2019	$1,159,695	$1,197,135	$2,008,621	$-37,440
2018	$1,103,145	$1,097,951	$2,118,585	$5,194

THE TOLEDO BAR ASSOCIATION