FORTY FOUR CORPORATION

EIN: 346524770

TOLEDO, OH

Total Revenue
$798,383
Total Expenses
$819,273
Total Assets
$54,280
Net Assets
$-164,104
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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
OH
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

BUILDING MAINTENANCE AND OPERATIONS FOR 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%)

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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

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Governance

Voting Members
2
Independent Members
2
Employees
2
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
2
$361,229
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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