HOLDEN PARKS TA

EIN: 346888980 501(c)(3) Recreation & Sports

BROOKLYN, OH

Total Revenue
$75,112
Total Expenses
$366,302
Total Assets
$5,692,564
Net Assets
$5,692,564
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
OH
Phone
2166897663
Tax Period
2023-01-01 to 2023-12-31

HOLDEN PARKS TA, founded in 1988, is a micro nonprofit in the Recreation & Sports sector that reported $75K in total revenue in fiscal year 2023. Expenses of $366K exceeded revenue, resulting in a 388% operating deficit.

Mission

GRANTS ARE MADE ACCORDING TO TRUST AGREEMENT DATED JANUARY 6, 1988 .KEYBANK AS TRUSTEE MAKES THE DISTRIBUTIONS TO UNIVERSITY CIRCLE, INC .IN SUPPORT OF THE CLEVELAND MUSEUM OF ART AND THE GARDEN CENTER OFGREATER CLEVELAND FOR PURPOSES OF IMPROVING, BEAUTIFYING AND ADORNINGTHE SURROUNDING PARKS. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACTOF 1999, THE BENEFICIARIES HAVE CHOSEN TO RECEIVE THE MAXIMUM OFINCOME BASED ON THE GREATER OF 5% OF AFV OR TRADITIONAL INCOME.KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF EACH BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS MISSION.PLEASE NOTE THE CHARITY HAS THE RIGHT TO REMOVE THE TRUSTEE BY A MAJORITY VOTE OF THE DISTRIBUTION COMMITTEE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $75,112
Other Revenue $0
TOTAL REVENUE $75,112

Expense Breakdown

Grants Paid $321,054
Salaries & Benefits $44,498
Fundraising Expenses $0
Program Expenses $321,054
Other Expenses $750
TOTAL EXPENSES $366,302

Year-over-Year Comparison

2023 2022 Change
Revenue $75,112 $-32,477 -3.3%
Expenses $366,302 $365,103 +0.0%
Net Income $-291,190 $-397,580 -0.3%
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

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Governance

Voting Members
1
Independent Members
5
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 1.0
$44,498 $0 $44,498
Christopher Ronayne Chair, Distribution Committee 1.0
Officer
$0 $0 $0
Edward Bauer Distribution Committee 1.0
Officer
$0 $0 $0
Natalie Ronayne Distribution Committee 1.0
Officer
$0 $0 $0
Perrin Verzi Distribution Committee 1.0
Officer
$0 $0 $0
Mamie Mitchell Distribution Committee 1.0
Officer
$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 No data No data No data No data
2024 No data No data No data No data
2023 $75,112 $366,302 $5,692,564 $-291,190
2022 $-32,477 $365,103 $6,036,329 $-397,580
2021 $770,389 $372,256 $6,434,131 $398,133
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