FRIENDS OF GINN ACADEMY CORPORATION

EIN: 453302058 501(c)(3) Education

CLEVELAND, OH

Total Revenue
$157,000
Total Expenses
$194,202
Total Assets
$4,771
Net Assets
$4,771
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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
OH
Principal Officer
DAVID REYNOLDS
Tax Period
2022-01-01 to 2022-12-31

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.

Mission

The organizations purpose is to provide educational support services to Ginn Academy, an all boys highschool in Cleveland, Ohio.

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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 (2022)

Revenue Breakdown

Contributions & Grants $157,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $157,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $194,202
Other Expenses $194,202
TOTAL EXPENSES $194,202

Year-over-Year Comparison

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%
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
15
Independent Members
15
Employees
N/A
Volunteers
15

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
2
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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
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
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