CLEVELAND ART ASSOCIATION (EIN 346536232) - 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

1915

Legal Domicile

Principal Officer

Marc Jaffe

Phone

2162990835

Tax Period

2025-01-01 to 2025-12-31

CLEVELAND ART ASSOCIATION, founded in 1915, is a small nonprofit in the Arts, Culture & Humanities sector that reported $129K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $47K, a strong 37% operating margin.

Mission

Promote and support the visual arts in the Greater Cleveland community through the purchase, lending and sale of art created by artists residing in Northeast Ohio. Provide support to students of the Cleveland Institute of Art through the funding of annual scholarships.

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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 $64,213

Program Service Revenue $0

Investment Income $48,542

Other Revenue $16,130

TOTAL REVENUE $128,885

Expense Breakdown

Grants Paid $53,000

Salaries & Benefits $3,690

Fundraising Expenses $0

Program Expenses $66,996

Other Expenses $24,884

TOTAL EXPENSES $81,574

Year-over-Year Comparison

	2025	2024	Change
Revenue	$128,885	$150,890	-0.1%
Expenses	$81,574	$116,650	-0.3%
Net Income	$47,311	$34,240	+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

$3,360

Total Directors

$3,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Meg Weingart	Director/Secretary	5	Officer Director	$3,360	$0	$3,360
Marc Jaffe	Director/President	5	Officer Director	$0	$0	$0
Susan Weir	Director/Vice President	5	Officer Director	$0	$0	$0
Thomas A Gilbride	Director/Treasurer	5	Officer Director	$0	$0	$0
Anne Cole	Director	0.5	Director	$0	$0	$0
Lauren Conway	Director	0.5	Director	$0	$0	$0
Mity Fowler	Director	0.5	Director	$0	$0	$0
Barbara French	Director	0.5	Director	$0	$0	$0
Cynthia Gascoigne	Director	5	Director	$0	$0	$0
Caitlin Hunter	Director	0.5	Director	$0	$0	$0
Mary Beth Karakul	Director	0.5	Director	$0	$0	$0
Kim Malcolm	Director	0.5	Director	$0	$0	$0
Alexandra Neyman	Director	0.5	Director	$0	$0	$0
Laura Ospanik	Director	5	Director	$0	$0	$0
Robin Outcalt	Director	0.5	Director	$0	$0	$0
Carina Reimers	Director	0.5	Director	$0	$0	$0
Robin Ritz	Director	0.5	Director	$0	$0	$0

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	$128,885	$81,574	$1,069,256	$47,311
2024	$150,890	$116,650	$1,020,462	$34,240
2023	$91,274	$74,783	$985,953	$16,491
2022	$54,508	$85,140	$964,358	$-30,632
2021	$194,694	$60,880	$994,092	$133,814
2020	$56,532	$52,013	$854,675	$4,519
2019	$65,437	$66,490	$852,321	$-1,053
2018	$78,787	$70,241	$807,206	$8,546
2017	$58,367	$58,949	$792,510	$-582

CLEVELAND ART ASSOCIATION