FORTY FOUR CORPORATION

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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

Principal Officer

MARK SCHMIEHAUSEN

Phone

4192438800

Tax Period

2025-01-01 to 2025-12-31

FORTY FOUR CORPORATION, founded in 1953, is a small nonprofit that reported $798K in total revenue in fiscal year 2025. Revenue decreased 18% compared to the prior year.

Mission

TO OWN, MAINTAIN, AND OPERATE THE TEAMSTERS BUILDING IN TOLEDO, OHIO FOR TEAMSTERS LOCAL 20, AN EXEMPT ORGANIZATION, AND RELATED EXEMPT LABOR ORGANIZATIONS.

Program Service Accomplishments

Program 1

NET RENTAL INCOME USED TO PAY FOR BUILDING EXPENSES FOR BUILDING WHICH IS OPERATED FOR AN EXEMPT ORGANIZATION

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $798,228

Investment Income $0

Other Revenue $155

TOTAL REVENUE $798,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $611,573

Fundraising Expenses $0

Other Expenses $207,700

TOTAL EXPENSES $819,273

Year-over-Year Comparison

	2025	2024	Change
Revenue	$798,383	$972,132	-0.2%
Expenses	$819,273	$946,655	-0.1%
Net Income	$-20,890	$25,477	-1.8%

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

Employees

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

$361,229

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL KONWINSKI	SECRETARY-TREASURER	0.50	Officer	$0	$44,232	$174,938
MARK SCHMIEHAUSEN	PRESIDENT	0.50	Officer	$0	$55,416	$186,291

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	$798,383	$819,273	$54,280	$-20,890
2024	$972,132	$946,655	$77,671	$25,477
2023	$890,744	$896,308	$49,426	$-5,564
2022	$882,151	$889,599	$76,543	$-7,448
2021	$626,841	$645,487	$62,169	$-18,646
2020	$647,615	$626,018	$80,360	$21,597
2019	$672,513	$695,655	$59,016	$-23,142
2018	$734,964	$737,229	$84,827	$-2,265