Cleveland Development Foundation (EIN 346528498) - 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

1954

Legal Domicile

Principal Officer

Baiju Shah

Phone

2166213300

Tax Period

2023-01-01 to 2023-12-31

Cleveland Development Foundation, founded in 1954, is a micro nonprofit in the Community Improvement sector that reported $62K in total revenue in fiscal year 2023. The organization ran a surplus of $16K, a strong 25% operating margin.

Mission

Developing and improving Cleveland's civic visions.

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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 $40,000

Program Service Revenue $22,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $62,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,170

Other Expenses $46,358

TOTAL EXPENSES $46,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,000	N/A	N/A
Expenses	$46,358	$654	+69.9%
Net Income	$15,642	$-654	-24.9%

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

N/A

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

$1,169,814

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dolan Paul	Chair	2.00	Officer Director	$0	$0	$0
Richardson Sean	Treasurer	2.00	Officer Director	$0	$0	$0
Arnold Craig	Director	1.00	Director	$0	$0	$0
Barlage Nic	Director	1.00	Director	$0	$0	$0
Cavoli James	Director	1.00	Director	$0	$0	$0
Chaikin Scott	Director until 12/23	1.00	Director	$0	$0	$0
Connell Michele	Director	1.00	Director	$0	$0	$0
Cosgrove Bill	Director	1.00	Director	$0	$0	$0
DeWagheneire Severine	Director	1.00	Director	$0	$0	$0
Evans Taylor	Director	1.00	Director	$0	$0	$0
Glass Steven	Director	1.00	Director	$0	$0	$0
Gorman Christopher	Director	1.00	Director	$0	$0	$0
Harmon Brad	Director	1.00	Director	$0	$0	$0
Haslam Dee	Director	1.00	Director	$0	$0	$0
Johnson Kevin	Director	1.00	Director	$0	$0	$0
Kaler Eric	Director	1.00	Director	$0	$0	$0
Komoroski Len	Director until 9/23	1.00	Director	$0	$0	$0
Liebert Rebecca	Director	1.00	Director	$0	$0	$0
Morikis John	Director until 12/23	1.00	Director	$0	$0	$0
Opsitnick Timothy	Director	1.00	Director	$0	$0	$0
Parmentier Jennifer	Director	1.00	Director	$0	$0	$0
Pastore Patrick	Director	1.00	Director	$0	$0	$0
Perez Cheryl	Director	1.00	Director	$0	$0	$0
Read Deborah	Director	1.00	Director	$0	$0	$0
Restivo Neal	Director	1.00	Director	$0	$0	$0
Stanek Michael	Director	1.00	Director	$0	$0	$0
Taylor Jr Eddie	Director	1.00	Director	$0	$0	$0
Whiting Vanessa	Director	1.00	Director	$0	$0	$0
Shah Baiju	President & CEO	1.00	Officer	$0	$50,943	$713,309
Ittu Yvette	EVP Finance & Operations	1.00	Officer	$0	$58,853	$456,505

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	$62,000	$46,358	$536,822	$15,642
2022	No data	$654	$225,273	No data
2021	No data	$3,745	$398,984	No data
2020	$15,000	$6,444	$126,886	$8,556
2019	$26,500	$35,296	$67,464	$-8,796
2018	$48,500	$41,897	$75,635	$6,603
2018	$48,500	$41,897	$75,635	$6,603

Cleveland Development Foundation