CLEVELAND MUNICIPAL SCHOOL DISTRICT TRANSFORMATION (EIN 462115716) - 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

MICHELE POMERANTZ

Phone

2166643206

Tax Period

2024-01-01 to 2024-12-31

CLEVELAND MUNICIPAL SCHOOL DISTRICT TRANSFORMATION, founded in 2012, is a small nonprofit in the Education sector that reported $240K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $449K exceeded revenue, resulting in a 87% operating deficit.

Mission

THE CLEVELAND TRANSFORMATION ALLIANCE (CTA) IS A TRUSTED COMMUNITY PARTNER WORKING TO ENSURE EVERY STUDENT IS ENGAGED IN A HIGH-QUALITY, EQUITABLE EDUCATION. THE CTA GIVES FAMILIES AND STUDENTS THE INFORMATION THEY NEED TO COMMIT TO THEIR BEST-FIT PUBLIC SCHOOL.

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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 $239,927

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $239,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,089

Fundraising Expenses $17,587

Program Expenses $327,639

Other Expenses $204,089

TOTAL EXPENSES $449,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,927	$500,037	-0.5%
Expenses	$449,178	$434,357	+0.0%
Net Income	$-209,251	$65,680	-4.2%

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

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

$138,367

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN M BIBB	CHAIR	3.00	Officer Director	$0	$0	$0
MICHELE POMERANTZ	VICE CHAIR	3.00	Officer Director	$0	$0	$0
KURT AEY	TRUSTEE	3.00	Director	$0	$0	$0
TACHELLE I BANKS	TRUSTEE	3.00	Director	$0	$0	$0
MARK BAUMGARTNER	TRUSTEE	3.00	Director	$0	$0	$0
RADIAH BLANTON	TRUSTEE	3.00	Director	$0	$0	$0
QUENTON R DAVIS	TRUSTEE	3.00	Director	$0	$0	$0
ERIN DEIMLING	TRUSTEE	3.00	Director	$0	$0	$0
DIANE DOWNING	TRUSTEE	3.00	Director	$0	$0	$0
SARA ELAQAD	TRUSTEE	3.00	Director	$0	$0	$0
LEE A FRIEDMAN	TRUSTEE	3.00	Director	$0	$0	$0
RICHARD GIBSON	TRUSTEE	3.00	Director	$0	$0	$0
LEAH HUDNALL	TRUSTEE	3.00	Director	$0	$0	$0
SHARON SOBOL JORDAN	TRUSTEE	3.00	Director	$0	$0	$0
ETHAN KARP	TRUSTEE	3.00	Director	$0	$0	$0
KATIE KELLY	TRUSTEE	3.00	Director	$0	$0	$0
BROOKE KING	TRUSTEE	3.00	Director	$0	$0	$0
YASAR BORA	TRUSTEE	3.00	Director	$0	$0	$0
ANDREW MCRAE	TRUSTEE	3.00	Director	$0	$0	$0
WARREN MORGAN	TRUSTEE	3.00	Director	$0	$0	$0
ANN K MULLIN	TRUSTEE	3.00	Director	$0	$0	$0
JEFFERY K PATTERSON	TRUSTEE	3.00	Director	$0	$0	$0
ERIN A RANDEL	TRUSTEE	3.00	Director	$0	$0	$0
DENYELLE RASHID	TRUSTEE	3.00	Director	$0	$0	$0
JOSE REYES	TRUSTEE	3.00	Director	$0	$0	$0
VICTOR A RUIZ	TRUSTEE	3.00	Director	$0	$0	$0
AUTUMN RUSSELL	TRUSTEE	3.00	Director	$0	$0	$0
MICHAEL SCHOOP	TRUSTEE	3.00	Director	$0	$0	$0
HOLLY TRIFIRO	TRUSTEE	3.00	Director	$0	$0	$0
JEREMIAH TRIPLETT	TRUSTEE	3.00	Director	$0	$0	$0
HELEN W WILLIAMS	TRUSTEE	3.00	Director	$0	$0	$0
MEGHANN MARNECHECK	DIRECTOR	40.00	Officer	$127,878	$10,489	$138,367

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	$239,927	$449,178	$315,713	$-209,251
2023	$500,037	$434,357	$518,746	$65,680
2022	$377,364	$485,980	$471,796	$-108,616
2021	$411,256	$623,960	$565,607	$-212,704
2020	$649,382	$399,922	$782,780	$249,460
2019	$388,374	$403,807	$544,115	$-15,433
2018	$495,938	$535,040	$565,484	$-39,102

CLEVELAND MUNICIPAL SCHOOL DISTRICT TRANSFORMATION