KIWANIS FOUNDATION OF CLEVELAND INC (EIN 346540632) - 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

Phone

2165201437

Tax Period

2023-10-01 to 2024-09-30

KIWANIS FOUNDATION OF CLEVELAND INC, founded in 1954, is a micro nonprofit in the Community Improvement sector that reported $28K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $37K exceeded revenue, resulting in a 32% operating deficit.

Mission

ASSIST THE NEEDY, ESPECIALLY CHILDREN, IN THE AREA WITH EDUCATIONAL PROGRAM FUNDING AND PERSONAL GROWTH; COMMUNITY IMPROVEMENT PROJECT FUNDING. EXPENDITURES INCLUDE DISTRIBUTIONS TO OTHER SEC.501(C)(3) ORGANIZATIONS. SUPPORT AREA HIGH SCHOOL KEY CLUBS.

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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 $0

Program Service Revenue $0

Investment Income $26,000

Other Revenue $2,245

TOTAL REVENUE $28,245

Expense Breakdown

Grants Paid $34,824

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,824

Other Expenses $2,405

TOTAL EXPENSES $37,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,245	$26,000	+0.1%
Expenses	$37,229	$65,304	-0.4%
Net Income	$-8,984	$-39,304	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JOYCE DODRILL	TRUSTEE	Director	$0	$0	$0
BILL FULTON	PRESIDENT	Officer Director	$0	$0	$0
JEFFREY DUBER	TRUSTEE	Director	$0	$0	$0
KURT MEARS	TREASURER	Officer Director	$0	$0	$0
PAUL ALANDT	TRUSTEE	Director	$0	$0	$0
HASANI WHEAT	TRUSTEE	Director	$0	$0	$0
ROBIN STONE	TRUSTEE	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
2024	$28,245	$37,229	$1,269,212	$-8,984
2023	$26,000	$65,304	$1,097,971	$-39,304
2022	$56,402	$76,110	$1,024,373	$-19,708
2021	$271,480	$68,178	$1,297,780	$203,302
2020	$90,937	$61,514	$1,097,243	$29,423
2019	$157,655	$67,422	$1,067,820	$90,233
2018	$73,210	$70,710	$1,078,899	$2,500

KIWANIS FOUNDATION OF CLEVELAND INC