COLLEGE NOW GREATER CLEVELAND INC (EIN 346580096) - 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

1967

Legal Domicile

Principal Officer

MICHELE SCOTT TAYLOR

Phone

2162415587

Tax Period

2023-08-01 to 2024-07-31

COLLEGE NOW GREATER CLEVELAND INC, founded in 1967, is a mid-sized nonprofit in the Education sector that reported $27.6M in total revenue in fiscal year 2023. Expenses of $26.4M left a modest 4% surplus.

Mission

TO INCREASE POSTSECONDARY EDUCATIONAL ATTAINMENT THROUGH COLLEGE AND CAREER ACCESS ADVISING, FINANCIAL AID COUNSELING AND SCHOLARSHIP AND RETENTION SERVICES.

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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 $24,508,132

Program Service Revenue $2,571,869

Investment Income $473,683

Other Revenue $6,790

TOTAL REVENUE $27,560,474

Expense Breakdown

Grants Paid $9,275,432

Salaries & Benefits $12,886,269

Fundraising Expenses $567,973

Program Expenses $24,792,600

Other Expenses $4,233,435

TOTAL EXPENSES $26,395,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,560,474	$27,596,726	0.0%
Expenses	$26,395,136	$23,086,182	+0.1%
Net Income	$1,165,338	$4,510,544	-0.7%

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

378

Volunteers

1750

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

$1,820,388

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COGAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MARK ROSS	IMMEDIATE PAST CHAIRMAN	2.00	Director	$0	$0	$0
BRIAN BARREN	SECRETARY	2.00	Officer Director	$0	$0	$0
TOM DEWEY	TREASURER	2.00	Officer Director	$0	$0	$0
SUZANNE-ARAL BOUTROS	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET A KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
JD SULLIVAN JR	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN M TYLER	DIRECTOR	1.00	Director	$0	$0	$0
JOSH BAGSHAW	DIRECTOR	1.00	Director	$0	$0	$0
ALAN S KOPIT	PAST CHAIR	1.00	Director	$0	$0	$0
INGRID TOLENTINO	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY MALONE	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN MEHALKO	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN BAIRD ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
RITA ANDOLSEN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE ANTUNEZ	DIRECTOR	1.00	Director	$0	$0	$0
BRENT BUCKLEY	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH VESY	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN RICH FINE	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY COSGROVE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD GROSS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM KOEHLER	DIRECTOR	1.00	Director	$0	$0	$0
SALLY STEWART	DIRECTOR	1.00	Director	$0	$0	$0
RICH GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
TONIKA HAMMONDS	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH EMBRESCIA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GEUTHER	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH MORFORD	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK S MULLIN	DIRECTOR	1.00	Director	$0	$0	$0
KATINKA DOMOTORFFY	DIRECTOR	1.00	Director	$0	$0	$0
WARD DUMM	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
FELICIA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
ADAM ZELWIN	DIRECTOR	1.00	Director	$0	$0	$0
KAY CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
KATIE KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
SAM PRENTIS	DIRECTOR	1.00	Director	$0	$0	$0
DARNELLA ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW WATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
BLAINE GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
GABE BRUNO	DIRECTOR	1.00	Director	$0	$0	$0
MARISA T DARDEN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA JUNG	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER PALMIERI	DIRECTOR	1.00	Director	$0	$0	$0
JULIE FERTAL	DIRECTOR	1.00	Director	$0	$0	$0
KELLY HANCOCK	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MALZ	DIRECTOR	1.00	Director	$0	$0	$0
KEN OUTCALT	DIRECTOR	1.00	Director	$0	$0	$0
TOM PARTRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
LEE FRIEDMAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$612,891	$39,810	$652,701
ALENKA WINSLETT	CHIEF OPERATING OFFICER	40.00	Officer	$302,225	$26,604	$328,829
MICHELE SCOTT-TAYLOR	CHIEF PROGRAMS OFFICER	40.00	Officer	$276,862	$36,114	$312,976
KITTIE WARSHAWSKY	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$263,894	$37,668	$301,562
MARK MAGYAR	CHIEF FINANCIAL OFFICER	40.00	Officer	$203,395	$20,925	$224,320
MARGARET ARMOUR	HI ED COMPACT PROJECT DIRECTOR	40.00	Highest	$168,061	$19,862	$187,923
ALISON BIBB-CARSON	CHIEF MARKETING & COMMUNICATIONS OFFICER	40.00	Highest	$160,608	$7,472	$168,080
KAUSER RAZVI	SR. DIRECTOR, ADVISING PROGRAM	40.00	Highest	$133,042	$23,759	$156,801
ROBERT DURHAM	CHIEF SCHOLARSHIP SERVICES OFFICER	40.00	Highest	$149,949	$27,947	$177,896
KATHARYN SCHWAB	SR. DIRECTOR, ADVISING PROGRAM	40.00	Highest	$131,793	$8,493	$140,286

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	$27,560,474	$26,395,136	$37,365,395	$1,165,338
2023	$27,596,726	$23,086,182	$36,299,313	$4,510,544
2022	$24,635,286	$21,210,020	$27,547,579	$3,425,266
2021	$18,465,003	$17,016,523	$24,271,314	$1,448,480
2020	$16,715,812	$16,226,674	$20,920,536	$489,138
2019	$14,197,853	$13,467,805	$19,331,463	$730,048
2018	$12,790,280	$12,021,957	$18,719,228	$768,323

COLLEGE NOW GREATER CLEVELAND INC