CLEVELAND KIDS' BOOK BANK (EIN 475553602) - 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

2015

Legal Domicile

Principal Officer

JUDITH KOVACH

Phone

2164171803

Tax Period

2024-01-01 to 2024-12-31

CLEVELAND KIDS' BOOK BANK, founded in 2015, is a small nonprofit in the Education sector that reported $701K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $849K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MISSION OF THE CLEVELAND KIDS' BOOK BANK IS TO FOSTER LITERACY AND A LOVE OF READING BY DISTRIBUTING FREE BOOKS TO CHILDREN THROUGH COLLABORATION WITH COMMUNITY PARTNERS.

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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 $685,577

Program Service Revenue $342

Investment Income $19,825

Other Revenue $-4,702

TOTAL REVENUE $701,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $573,566

Fundraising Expenses $96,659

Program Expenses $645,805

Other Expenses $275,817

TOTAL EXPENSES $849,383

Year-over-Year Comparison

	2024	2023	Change
Revenue	$701,042	$625,825	+0.1%
Expenses	$849,383	$841,331	+0.0%
Net Income	$-148,341	$-215,506	-0.3%

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

4512

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
JUDITH KOVACH	CHAIR	15.00	Officer Director	$0	$0	$0
AMANDA SCHAUB	TREASURER	2.00	Officer Director	$0	$0	$0
ANNETTE FETTER	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN SAADA	TRUSTEE	1.00	Director	$0	$0	$0
DEENA EPSTEIN	SECRETARY	1.00	Officer	$0	$0	$0
ELLEN MATTINGLY	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN PULTE	TRUSTEE	1.00	Director	$0	$0	$0
KRYSTLE HAYES	TRUSTEE	1.00	Director	$0	$0	$0
JACQUELINE LAMB	TRUSTEE	1.00	Director	$0	$0	$0
ANNIE ERTLE	TRUSTEE	1.00	Director	$0	$0	$0
KATIE LANG	ASSC. BOARD	1.00	Director	$0	$0	$0
NICK SCHAPPACHER	GOVERNANCE C	1.00	Director	$0	$0	$0
TERESA PODRACKY	DIRECTOR	1.00	Director	$0	$0	$0
ANGELO OLMEDA	TRUSTEE	1.00	Director	$0	$0	$0
KATE BISHOP	TRUSTEE	1.00	Director	$0	$0	$0
QUARTEZ HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
NATALIE FREIDL	DIRECTOR	40.00	Highest	$121,987	$0	$121,987
MARLON PRIMES	TRUSTEE	1.00	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
2024	$701,042	$849,383	$1,305,753	$-148,341
2023	$625,825	$841,331	$1,124,872	$-215,506
2022	$756,174	$646,994	$1,129,011	$109,180
2021	$589,576	$539,551	$1,160,921	$50,025
2020	$606,163	$377,893	$1,050,889	$228,270
2019	$592,939	$389,945	$759,620	$202,994
2018	$497,950	$299,270	$543,264	$198,680

CLEVELAND KIDS' BOOK BANK