CLEVELAND ROTARY FOUNDATION

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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

1978

Legal Domicile

Principal Officer

SHARON LERCH

Phone

2165568637

Tax Period

2024-07-01 to 2025-06-30

CLEVELAND ROTARY FOUNDATION, founded in 1978, is a small nonprofit in the Community Improvement sector that reported $247K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $47K, a strong 19% operating margin.

Mission

PROVIDING FUNDING TO FURTHER CHARITABLE AND EDUCATIONAL ACTIVITIES THROUGHOUT NORTHEASTERN OHIO

Program Service Accomplishments

Program 1

Expenses: $127,506

THE CLEVELAND ROTARY FOUNDATION IS COMMITTED TO PROVIDING FUNDING FOR VARIOUS CHARITABLE AND EDUCATIONAL ACTIVITIES THROUGHOUT THE NORTHEAST OHIO AREA. DURING THE FISCAL YEAR, ROTARIANS DONATED THEIR TIME TOWARDS CHARITABLE PROJECTS SUCH AS BLOOD DONATION EFFORTS, ASSISTANCE AT LOCAL FOOD BANK, SERVING MEALS TO NEEDY NORTHEAST OHIOANS, STUDENT RECOGNITIONS, HONORING POLICE/FIRE AND EMS WORKERS AND BEAUTIFYING GREEN SPACES NEAR RAPID TRANSIT LINES. THOUSANDS OF NORTHEAST OHIOANS HAVE BENEFITED FROM THESE EFFORTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $28,370

Program Service Revenue $0

Investment Income $215,350

Other Revenue $3,070

TOTAL REVENUE $246,790

Expense Breakdown

Grants Paid $87,958

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $127,506

Other Expenses $112,263

TOTAL EXPENSES $200,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,790	$228,102	+0.1%
Expenses	$200,221	$270,535	-0.3%
Net Income	$46,569	$-42,433	-2.1%

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

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

$47,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD LICHTIG	TRUSTEE	1.00	Director	$0	$0	$0
BEVERLY GHENT-SKRZYNSKI	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER KELLY	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN MELTON	TREASURER	1.00	Officer Director	$0	$0	$0
JERRY JARZABEK	INVESTMENT ADVISOR	1.00	Director	$0	$0	$0
JESSICA HANES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC BUTLER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID BROWNING	TRUSTEE	1.00	Director	$0	$0	$0
SHARON S LERCH	SECRETARY	14.00	Officer	$47,500	$0	$47,500

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	$246,790	$200,221	$3,225,818	$46,569
2024	No data	No data	No data	No data
2023	$200,431	$299,005	$2,952,690	$-98,574
2022	$838,902	$121,419	$2,916,168	$717,483
2021	$287,741	$129,392	$3,525,838	$158,349
2020	$181,254	$106,228	$2,749,485	$75,026