PARMA CITY SCHOOLS FOUNDATION

EIN: 452404021 501(c)(3) Education

Cleveland, OH

Total Revenue
$30,890
Total Expenses
$13,802
Total Assets
$99,917
Net Assets
$99,917
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
OH
Tax Period
2018-01-01 to 2018-12-31

PARMA CITY SCHOOLS FOUNDATION, founded in 2012, is a micro nonprofit in the Education sector that reported $31K in total revenue in fiscal year 2018. The organization ran a surplus of $17K, a strong 55% operating margin.

Mission

SUPPORT TO THE PARMA CITY SCHOOL SYSTEM BY PROVIDING FUNDS PRIMARILY TO THE STEM PROGRAM - SCIENCE, TECHNOLOGY, ENGINEERING AND MATH. FUNDS TO SUPPORT THIS PROGRAM ARE SOLICITED FROM CHRITABLE ENDOWMENT TRUSTS AND FROM FUNDRAISING ACTIVITIES CARRIED ON BY THE TAXPAYER.

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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 (2018)

Revenue Breakdown

Contributions & Grants $6,678
Program Service Revenue $0
Investment Income $86
Other Revenue $24,126
TOTAL REVENUE $30,890

Expense Breakdown

Grants Paid $11,810
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $11,810
Other Expenses $1,992
TOTAL EXPENSES $13,802

Year-over-Year Comparison

2018 2017 Change
Revenue $30,890 $29,565 +0.0%
Expenses $13,802 $33,322 -0.6%
Net Income $17,088 $-3,757 -5.5%
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
20
Independent Members
16
Employees
N/A
Volunteers
14

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY FEDAK TRUSTEE 10.00
Director
$0 $0 $0
BARBARA FILIPOW TRUSTEE 10.00
Director
$0 $0 $0
EUGENE B FILIPOW TRUSTEE 10.00
Director
$0 $0 $0
SHARON ARKO JONES TRUSTEE 5.00
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
2018 $30,890 $13,802 $99,917 $17,088
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