ELEANOR B RAINEY MEMORIAL INSTITUTE (EIN 346555952) - 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

1943

Legal Domicile

Principal Officer

JENNIFER HARRIS

Phone

2168811766

Tax Period

2023-09-01 to 2024-08-31

ELEANOR B RAINEY MEMORIAL INSTITUTE, founded in 1943, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $446K, a strong 17% operating margin.

Mission

RAINEY INSTITUTE IS DEDICATED TO POSITIVE CHANGE FOR GREATER CLEVELAND'S YOUTH AND FAMILIES THROUGH EDUCATION AND PARTICIPATION IN THE PERFORMING AND VISUAL ARTS.

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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 $1,552,542

Program Service Revenue $208,487

Investment Income $900,348

Other Revenue $42,143

TOTAL REVENUE $2,703,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,106,964

Fundraising Expenses $133,678

Program Expenses $1,776,036

Other Expenses $1,150,434

TOTAL EXPENSES $2,257,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,703,520	$2,301,286	+0.2%
Expenses	$2,257,398	$2,238,490	+0.0%
Net Income	$446,122	$62,796	+6.1%

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

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

$134,766

Total Directors

$134,766

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET BANKS	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT CONRAD	TRUSTEE	1.00	Director	$0	$0	$0
ERIN DEIMLING	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM E FEHRENBACH JR	TRUSTEE	1.00	Director	$0	$0	$0
MICHELE CRAWFORD	TRUSTEE	1.00	Director	$0	$0	$0
TOM CHAREK	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LAMB	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY WEISS	TREASURER	1.00	Officer Director	$0	$0	$0
MONYKA S PRICE	TRUSTEE	1.00	Director	$0	$0	$0
JAMES SACHER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOE SMUCNY	TRUSTEE	1.00	Director	$0	$0	$0
YAASIRA JONES	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM S LIPSCOMB	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRIS KUTSKO	TRUSTEE	1.00	Director	$0	$0	$0
LYNNE LAWRENCE	TRUSTEE	1.00	Director	$0	$0	$0
COREY JAMES	TRUSTEE	1.00	Director	$0	$0	$0
SUNG CHA	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER HARRIS	EXECUTIVE DIRECTOR	40.00	Officer Director	$128,862	$5,904	$134,766
THODORE J HORVATH	TRUSTEE	1.00	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	$2,703,520	$2,257,398	$12,174,496	$446,122
2023	$2,301,286	$2,238,490	$11,833,755	$62,796
2022	$1,722,143	$1,766,000	$11,251,048	$-43,857
2021	$4,317,677	$1,367,868	$11,294,144	$2,949,809
2020	$1,557,944	$1,564,896	$8,181,541	$-6,952
2019	$1,422,598	$1,749,427	$7,981,098	$-326,829
2018	$2,034,055	$1,617,612	$8,282,810	$416,443

ELEANOR B RAINEY MEMORIAL INSTITUTE