EVERGREEN COOPERATIVE CORPORATION

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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

2011

Legal Domicile

Principal Officer

John McMicken

Phone

2162981182

Tax Period

2024-01-01 to 2024-12-31

EVERGREEN COOPERATIVE CORPORATION, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $644K, a strong 38% operating margin.

Mission

1. to promote, coordinate, and expand economic opportunity and wealth building through a network of community-based enterprises 2. to promote community stabilization and revitalization of the disinvested neighborhoods of Cleveland 3. to promote public understanding of cooperative

Program Service Accomplishments

Program 1

Expenses: $517,109

Support of Evergreen Business Services, Inc. for operations including worker, board and management education and management assistance.

Program 2

Expenses: $400,689

Compensation for key management with respect to Evergreen Business Services, Inc., Evergreen Cooperative Development Fund, LLC and other start-up cooperative ventures. Key management is charged with the responsibility to share their knowledge regarding cooperative ownership, capital planning and budgets, strategic planning, the importance and roles of company board of directors and committees, and other important business concepts with the board, staff, and employees of the cooperative companies. Former workers had the opportunity to apply for the jobs. The workers are eligible to become members of the cooperative association after 12 months employment and share in the profits of the company.

Program 3

THE FUND FOR EMPLOYEE OWNERSHIP During 2019, The Kendeda Fund granted ECC $8 million over 4 years to capitalize the Fund for Employee Ownership. Restricted use of $6.5 million waas for ECC to acquire and convert existing small businesses to employee owned businesses. These restricted funds have been invested through Evergreen Cooperative Development Fund (ECDF), which is the fund for employee ownership.

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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 $0

Program Service Revenue $739,849

Investment Income $0

Other Revenue $960,814

TOTAL REVENUE $1,700,663

Expense Breakdown

Grants Paid $917,798

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $917,798

Other Expenses $139,214

TOTAL EXPENSES $1,057,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,700,663	$5,899,338	-0.7%
Expenses	$1,057,012	$643,704	+0.6%
Net Income	$643,651	$5,255,634	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrea Kanter Grodin	Board Member	1.00	Director	$0	$0	$0
Julie Rehm	Board Member	1.00	Director	$0	$0	$0
Ann Conn	Board Member	1.00	Director	$0	$0	$0
Kirk Neiswander	Board Member	1.00	Director	$0	$0	$0
Angela Wilcoxson	Board Member	1.00	Director	$0	$0	$0
Nicole Rosenbaum	Board Member	1.00	Director	$0	$0	$0
Stephen Downey	Board Member	1.00	Director	$0	$0	$0
Percival Kane	Board Member	0.00	Director	$0	$0	$0
John McMicken	Chief Executive Officer	16.00	Officer Highest	$0	$0	$0
Janet Hayward	Officer	1.00	Officer	$0	$0	$0
Jeanette Webster	Officer	3.00	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
2024	$1,700,663	$1,057,012	$11,273,191	$643,651
2023	$5,899,338	$643,704	$10,618,779	$5,255,634
2022	$3,200,828	$1,146,281	$10,581,734	$2,054,547
2021	$1,734,871	$1,083,874	$9,964,213	$650,997
2020	$2,836,900	$1,623,455	$9,471,304	$1,213,445
2019	$2,398,629	$1,342,710	$9,492,307	$1,055,919
2018	$1,092,702	$1,242,553	$2,037,974	$-149,851