GROWTH OPPORTUNITY PARTNERS INC

EIN: 474257622 501(c)(3) Community Improvement

CLEVELAND, OH

Total Revenue
$993,590
Total Expenses
$2,880,039
Total Assets
$5,876,344
Net Assets
$1,351,109
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
OH
Principal Officer
MICHAEL T JEANS
Phone
2164620600
Tax Period
2023-01-01 to 2023-12-31

GROWTH OPPORTUNITY PARTNERS INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $994K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 190% operating deficit.

Mission

TO PROVIDE ADVISORY SERVICES, FINANCIAL SOLUTIONS, AND ADVOCACY, TO CULTIVATE MORE RESILIENT PERSONS AND COMMUNITIES PREVSIOUSLY UNDER-RESOURCED AND UNDER-VALUED, UTILIMATELY TO IMPORVE QUALITY OF LIFE, OUTPUTS, AND OUTCOMES WITH A PARTICULAR FOCUS ON DISADVANTAGED COMMUNITIES AND PERSONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $853,568
Program Service Revenue $79,253
Investment Income $50,260
Other Revenue $10,509
TOTAL REVENUE $993,590

Expense Breakdown

Grants Paid $236,374
Salaries & Benefits $1,004,797
Fundraising Expenses $21,474
Program Expenses $1,357,661
Other Expenses $1,638,868
TOTAL EXPENSES $2,880,039

Year-over-Year Comparison

2023 2022 Change
Revenue $993,590 $2,590,724 -0.6%
Expenses $2,880,039 $2,140,278 +0.3%
Net Income $-1,886,449 $450,446 -5.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
6
Volunteers
4

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
5
$849,188
Total Directors
5
$494,641
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL T JEANS PRESIDENT/CHIEF EXECUTIVE OFFICER 65.00
Officer Director
$448,474 $46,167 $494,641
NDEDA LETSON CHAIR OF THE BOARD 7.00
Officer Director
$0 $0 $0
SHEILA WRIGHT VICE CHAIR 2.00
Officer Director
$0 $0 $0
RICHARD JANKURA TREASURER 2.00
Director
$0 $0 $0
DONET GRAVES DIRECTOR 2.00
Director
$0 $0 $0
MARCUS GLANTON CHIEF OPERATING OFFICER 40.00
Officer
$173,217 $4,447 $177,664
JEFFREY CLAWSON CHIEF CREDIT OFFICER 40.00
Officer
$172,459 $4,424 $176,883
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 No data No data No data No data
2023 $993,590 $2,880,039 $5,876,344 $-1,886,449
2022 $2,590,724 $2,140,278 $7,846,815 $450,446
2021 $2,067,621 $2,088,138 $6,981,193 $-20,517
2020 $2,994,003 $1,451,600 $7,134,232 $1,542,403
2019 $859,310 $1,149,871 $4,457,578 $-290,561
2018 $834,335 $902,504 $4,902,685 $-68,169
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