TOLEDO BAR ASSOCIATION FOUNDATION (EIN 346534094) - 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

1951

Legal Domicile

Phone

4192429363

Tax Period

2022-07-01 to 2023-06-30

TOLEDO BAR ASSOCIATION FOUNDATION, founded in 1951, is a small nonprofit in the Community Improvement sector that reported $159K in total revenue in fiscal year 2022. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $220K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO APPLY ALL OR ANY PART OF ITS INCOME OR PRINCIPAL EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES WITH THE OBJECT OF FOSTERING AND MAINTANING THE HONOR AND INTEGRITY OF THE PROFESSION OF THE LAW.

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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 $128,828

Program Service Revenue $0

Investment Income $30,446

Other Revenue $70

TOTAL REVENUE $159,344

Expense Breakdown

Grants Paid $164,936

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,936

Other Expenses $55,033

TOTAL EXPENSES $219,969

Year-over-Year Comparison

	2022	2021	Change
Revenue	$159,344	$100,424	+0.6%
Expenses	$219,969	$196,686	+0.1%
Net Income	$-60,625	$-96,262	-0.4%

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

$169,180

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IAN B ENGLISH	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD MACMILLAN	DIRECTOR	2.00	Officer Director	$0	$0	$0
RICHARD W HECK	TREASURER	2.00	Officer Director	$0	$0	$0
JOAN RIFE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER J DAWSON	DIRECTOR	1.00	Director	$0	$0	$0
M CATHERINE GARCIA-FEEHAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE L KRANZ	DIRECTOR	1.00	Director	$0	$0	$0
DREW NITSCHKE	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE ZEMMELMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY J LAGUSCH	EXECUTIVE DIRECTOR	10.00	Officer	$0	$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	$159,344	$219,969	$1,382,306	$-60,625
2022	$100,424	$196,686	$1,389,365	$-96,262
2021	$175,081	$320,750	$1,674,202	$-145,669
2020	$139,172	$239,915	$1,612,098	$-100,743
2019	$73,286	$154,951	$1,700,297	$-81,665
2018	$170,839	$180,508	$1,713,457	$-9,669

TOLEDO BAR ASSOCIATION FOUNDATION