J H WADE FOR CLEVELAND MUSEUM OF ART (EIN 346506247) - 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

1920

Legal Domicile

Phone

2166890969

Tax Period

2024-01-01 to 2024-12-31

J H WADE FOR CLEVELAND MUSEUM OF ART, founded in 1920, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 553% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 70% operating margin.

Mission

GRANTS ARE MADE ACCORDING TO THE TRUST AGREEMENT DATED JULY 8, 1920 TO THE CLEVELAND MUSEUM OF ART. THE TRUSTEES ARE DIRECTED TO PAY NET INCOME FROM THE TRUST TO THE CLEVELAND MUSEUM OF ART TO BE USED TO PURCHASE WORKS OF ART TO BE EXHIBITED IN ITS MUSEUM BUILDING. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACT OF 1999, THE BENEFICIARY HAS CHOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED ON THE GREATER OF 5% OF AFV OR TRADITIONAL INCOME.KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF THE BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS MISSION.

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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 $0

Program Service Revenue $0

Investment Income $6,360,351

Other Revenue $0

TOTAL REVENUE $6,360,351

Expense Breakdown

Grants Paid $1,830,333

Salaries & Benefits $34,837

Fundraising Expenses $0

Program Expenses $1,830,333

Other Expenses $24,503

TOTAL EXPENSES $1,889,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,360,351	$974,360	+5.5%
Expenses	$1,889,673	$1,908,893	0.0%
Net Income	$4,470,678	$-934,533	-5.8%

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

N/A

Employees

N/A

Volunteers

N/A

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
RUSS KLIMCZUK	CMA ASST TREASURER OF FINANCE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0		$34,837	$0	$34,837

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	$6,360,351	$1,889,673	$31,704,748	$4,470,678
2023	$974,360	$1,908,893	$27,307,433	$-934,533
2022	$1,560,844	$2,067,770	$28,241,964	$-506,926
2021	$2,118,698	$1,708,934	$28,748,889	$409,764
2020	$1,094,747	$1,708,883	$28,339,125	$-614,136
2019	$2,066,901	$1,703,286	$28,953,261	$363,615

J H WADE FOR CLEVELAND MUSEUM OF ART