CUDELL IMPROVEMENT INC

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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

1974

Legal Domicile

Principal Officer

MICHAEL FLICKINGER

Phone

2169614242

Tax Period

2021-01-01 to 2021-06-30

CUDELL IMPROVEMENT INC, founded in 1974, is a micro nonprofit that reported $69K in total revenue in fiscal year 2020. Expenses of $115K exceeded revenue, resulting in a 65% operating deficit.

Mission

OUR MISSION/VISION IS DEDICATED TO THE STABILIZATION AND REVITALIZATION OF THE CUDELL/EDGEWATER AREAS OF CLEVELAND OHIO THROUGH HUMAN RESOURCE EFFORTS AND COMMERICIAL AND ECONOMIC DEVELOPMENT INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $106,478

COMMERCIAL REVITALIZATION PROGRAM PROVIDED TECHNICAL ASSISTANCE TO INDEPENDENT BUSINESS OWNERS FOR THE PURPOSE OF STRENGTHENING LOCAL COMMERCIAL STRIPS. STAFF ORGANIZED AND STAFFED MERCHANT...

COMMERCIAL REVITALIZATION PROGRAM PROVIDED TECHNICAL ASSISTANCE TO INDEPENDENT BUSINESS OWNERS FOR THE PURPOSE OF STRENGTHENING LOCAL COMMERCIAL STRIPS. STAFF ORGANIZED AND STAFFED MERCHANT ASSOCIATIONS AND DESIGNED MARKETING CAMPAIGNS AND EVENTS TO ASSURE COMPETITIVENESS OF LOCAL BUSINESSES AND ATTRACT NEW CUSTOMERS TO THE COMMERCIAL STRIPS. A REAL ESTATE DEVELOPMENT AGENDA ACHIEVED THE ELIMINATION OF BLIGHT AND PRESERVED HISTORIC BUILDING FABRIC FOR FUTURE COMMUNITY GENERATIONS. THE COMMERCIAL REVITALIZATION PROGRAM ALSO IMPLEMENTED THE CITY OF CLEVELAND'S STOREFRONT RENOVATION PROGRAM THAT PRODUCED FOUR COMPLETED PROJECTS.

Program 2

CUDELL IMPROVEMENT, INC.'S REAL ESTATE FUND ACQUIRES, REHABS AND MAINTAINS COMMERCIAL AND RESIDENTIAL BUILDINGS IN THE CUDELL/EDGEWATER AREA. THE PROPERTIES ACQUIRED CAN RUN THE GAMUT FROM VACANT...

CUDELL IMPROVEMENT, INC.'S REAL ESTATE FUND ACQUIRES, REHABS AND MAINTAINS COMMERCIAL AND RESIDENTIAL BUILDINGS IN THE CUDELL/EDGEWATER AREA. THE PROPERTIES ACQUIRED CAN RUN THE GAMUT FROM VACANT LOTS THAT ARE LOCATED IN CRITICAL REDEVELOPMENT AREAS TO FORECLOSED HOMES IN THE 98 GREAT HOMES MODEL BLOCK. SOME VACANT LAND WAS TURNED INTO NEIGHBORHOOD GARDENS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $69,324

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $69,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,478

Other Expenses $114,615

TOTAL EXPENSES $114,615

Year-over-Year Comparison

	2020	2019	Change
Revenue	$69,324	$-162,722	-1.4%
Expenses	$114,615	$414,152	-0.7%
Net Income	$-45,291	$-576,874	-0.9%

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

N/A

Volunteers

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
CHARLES SLONE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JONATHAN STEIRER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LUCIANA SALLES	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL FLICKINGER	TREASURER	1.00	Officer Director	$0	$0	$0
ARMAND ACCORDINO	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BLAZEK	DIRECTOR	1.00	Director	$0	$0	$0
JAKE FITZPATRICK	DIRECTOR	1.00	Director	$0	$0	$0
NIKKI HUDSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN JEREB	DIRECTOR	1.00	Director	$0	$0	$0
GARY MCNAMARA	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE POSIUS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
WAVERLY WILLIS	DIRECTOR	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
2021	$69,324	$114,615	No data	$-45,291
2020	$27,478	$373,973	$673,239	$-346,495
2019	$-162,722	$414,152	$1,050,888	$-576,874
2018	$221,611	$408,598	$1,693,206	$-186,987