CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF GINN ACADEMY CORPORATION, founded in 2011, is a small nonprofit in the Education sector that reported $157K in total revenue in fiscal year 2022. Revenue surged 308% from the prior year, signaling strong growth momentum. Expenses of $194K exceeded revenue, resulting in a 24% operating deficit.
The organizations purpose is to provide educational support services to Ginn Academy, an all boys highschool in Cleveland, Ohio.
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE USES AND PURPOSES AND THE ADVANCEMENT OF EDUCATION, INCLUDING, BUT NOT LIMITED TO, WITHIN SUCH PURPOSES:1. SUPPORTING THE...
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE USES AND PURPOSES AND THE ADVANCEMENT OF EDUCATION, INCLUDING, BUT NOT LIMITED TO, WITHIN SUCH PURPOSES:1. SUPPORTING THE FORMATION, OPERATION, AND EDUCATIONAL OFFERINGS OF GINN ACADEMY, A SCHOOL WITHIN THE CLEVELAND METROPOLITAN SCHOOL DISTRICT;2. COLLABORATING WITH THE CLEVELAND METROPOLITAN SCHOOL DISTRICT AND OTHER ENTITIES TO DEVELOP AND SUPPORT EDUCATIONAL OPPORTUNITIES FOR GINN ACADEMY STUDENTS;3. CONDUCTING VARIOUS ACTIVITES TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENTS ATTENDING GINN ACADEMY
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $157,000 | $38,506 | +3.1% |
| Expenses | $194,202 | $60,089 | +2.2% |
| Net Income | $-37,202 | $-21,583 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| EDMUND LEOPOLD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRY BILLUPS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CORTRELL KINNEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES MCGREGOR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NEIL MAHONEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD LOWRIE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RON SGRO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY BURTON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MEL KURTZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTOINETTE MCKINNEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GRANT DINNER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NOUVELLE GONZALES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALBERT RATNER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID REYNOLDS | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| STANLEY BALL | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $157,000 | $194,202 | $4,771 | $-37,202 |
| 2021 | $38,506 | $60,089 | $41,973 | $-21,583 |
| 2020 | $85,000 | $21,846 | $63,556 | $63,154 |
| 2019 | $114,120 | $113,952 | $402 | $168 |
Compare FRIENDS OF GINN ACADEMY CORPORATION with other nonprofits in Ohio and across the country.