Brite Cleveland (EIN 364734572) - 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

2012

Legal Domicile

Principal Officer

Jonathan Dominy

Tax Period

2023-05-01 to 2024-04-30

Brite Cleveland, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $260K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $286K exceeded revenue, resulting in a 10% operating deficit.

Mission

Prevent deterioration of Cleveland and its culture.

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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 $188,587

Program Service Revenue $0

Investment Income $7

Other Revenue $71,662

TOTAL REVENUE $260,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $179

Program Expenses $250,289

Other Expenses $286,312

TOTAL EXPENSES $286,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,256	$304,988	-0.1%
Expenses	$286,312	$311,131	-0.1%
Net Income	$-26,056	$-6,143	+3.2%

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

120

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Monica Gustin	Board Member	2.00	Director	$0	$0	$0
Hannah Caldwell	Board Member	2.00	Director	$0	$0	$0
Nick Faehnle	Board Member	2.00	Director	$0	$0	$0
Morgan Passek	Board Member	2.00	Director	$0	$0	$0
Lisa Vinciquerra	Board Member	2.00	Director	$0	$0	$0
Jul Huntley	Board Member	2.00	Director	$0	$0	$0
Jonathan Dominy	Board Chair	2.00	Officer Director	$0	$0	$0
Shelly Norehad	Secretary	2.00	Officer Director	$0	$0	$0
Daniel Bollinger	Treasurer	2.00	Officer 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
2025	No data	No data	No data	No data
2024	$260,256	$286,312	$115,028	$-26,056
2023	$304,988	$311,131	$121,356	$-6,143
2022	$312,228	$345,407	$147,336	$-33,179
2021	$142,827	$121,662	$158,525	$21,165
2020	$330,029	$272,900	$144,018	$57,129
2019	$244,913	$297,048	$71,805	$-52,135

Brite Cleveland