THEA BOWMAN CENTER

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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

1997

Legal Domicile

Principal Officer

JEREMY TAYLOR

Phone

2164910699

Tax Period

2024-07-01 to 2025-06-30

THEA BOWMAN CENTER, founded in 1997, is a small nonprofit in the Human Services sector that reported $598K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $789K exceeded revenue, resulting in a 32% operating deficit.

Mission

TBC MISSION STATEMENT: WE LISTEN TO THE PEOPLE OF MT PLEASANT, LEARN AND DO WHAT THEY WANT AND NEED.

Program Service Accomplishments

Program 1

Expenses: $655,384

THE THEA BOWMAN CENTER (CENTER) FOOD SUPPORT PROGRAM: OVER 9,000 COMMUNITY RESIDENTS WERE PROVIDED FOOD SUPPORT IN THE FISCAL YEAR 2024 - 2025. TBC'S MISSION IS TO PROVIDE SUPPORT TO THE MOST IN NEED IN THE MOUNT PLEASANT COMMUNITY. OUR GOAL IS TO HELP ADDRESS THE ISSUE OF HUNGER FOR PEOPLE WITH LIMITED INCOME AND LIMITED RESOURCES. OUR WEEKLY HOT LUNCH PROGRAM SERVES AN AVERAGE OF 150 RESIDENTS PER WEEK. THIS PROGRAM IS IN PARTNERSHIP WITH FOUR CATHOLIC CHURCHES AND THE SAI BABA CENTER. THE CENTER PROVIDES A HOT, NUTRITIOUS MEAL EVERY SATURDAY AND IS OPEN TO THOSE WHO LIVE IN THE MOUNT PLEASANT COMMUNITY. THE SENIOR OUTREACH PROGRAM: THIS PROGRAM IS DESIGNED TO PROVIDE OUTREACH SERVICES AND HEALTHY RESOURCE CONNECTIONS INCLUDING SOCIAL AND EMOTIONAL SUPPORT FOR SENIORS 60 AND OLDER. IN ADDITION, WE DELIVER FOOD TO OVER 100 SENIORS WHO ARE HOMEBOUND. TAX RETURN FILING: THE CENTER OFFERS A FREE TAX RETURN PREPARATION SERVICE THAT HAS ASSISTED OVER 450 RESIDENTS.

Program 2

COMMUNITY EDUCATION PROGRAM-ADULT LITERACY/GED PROGRAM: THIS PROGRAM WHICH STARTED IN 2009 ASSISTS PEOPLE WITH COMPLETING HIGH SCHOOL BY PROVIDING GED TUTORING SERVICES. STATISTICS SHOW THAT OVER 39% OF MOUNT PLEASANT RESIDENTS BETWEEN THE AGES OF 30 - 40, DO NOT HAVE A HIGH SCHOOL EDUCATION. COMPUTER LITERACY CLASSES ARE AVAILABLE TO RESIDENTS WEEKLY. CURRENTLY, THERE ARE 12 STUDENTS ENROLLED IN CLASSES OFFERED TWICE DAILY. SENIORS ARE MOST EXCITED TO LEARN COMPUTER SKILLS. MOUNT PLEASANT IS A DIGITAL DIVIDE COMMUNITY WITH LIMITED HOME ACCESS TO THE INTERNET OR A COMPUTER. JOB SUPPORT IS PROVIDED IN PARTNERSHIP WITH MANUFACTURING COMPANIES, HOSPITALS AND OTHERS LOOKING TO HIRE RESIDENTS FOR VARIOUS JOBS. THE CENTER SERVES AS THE COMMUNITY HOST FOR JOB FAIRS AND COMMUNITY ENGAGEMENT. THIS APPROACH HELPS TO CONNECT RESIDENTS TO JOB OPPORTUNITIES INCLUDING ASSISTANCE WITH ONLINE JOB APPLICATIONS AND RESOURCE NETWORKING.

Program 3

TBC CHILDREN'S PROGRAM: THE CHILDREN'S EIGHT-WEEK SUMMER PROGRAM PROVIDES A SAFE ENVIRONMENT FOR 26 CHILDREN (K-8TH) TO GROW AND LEARN. THE SUMMER PROGRAM, IN PARTNERSHIP WITH THE FOOD BANK, PROVIDES MEALS FOR CHILDREN IN THE COMMUNITY. WHEN THE CHILDREN RETURN TO SCHOOL, THEY ATTEND AN AFTER-SCHOOL PROGRAM (3:15P - 5:15P) FOUR DAYS PER WEEK. THIS PROGRAM IS IN PARTNERSHIP WITH THE CLEVELAND METROPOLITAN SCHOOL DISTRICT WHICH PROVIDES A VARIETY OF LITERACY, SOCIAL AND EMOTIONAL ACTIVITIES TO THIRTY 2ND THROUGH 7TH GRADERS ON THE NATHAN HALE SCHOOL CAMPUS THROUGHOUT THE SCHOOL YEAR. MYCOM - MY COMMITMENT, MY COMMUNITY: THIS PROGRAM PARTNERS WITH A NETWORK OF OVER 90 COMMUNITY PROVIDERS INCLUDING SCHOOLS AND CHURCHES. COMMUNITY PARTNERS CONNECT WITH FAMILIES AND YOUTH (OVER 2000) TO ENSURE POSITIVE ENGAGEMENT TO GROW AND LEARN. THE FOCUS IS YOUTH ENGAGEMENT AND YOUTH VOICE IN THE NEIGHBORHOOD ALONG WITH FAMILY SUPPORT. IN 2025, MYCOM LOST A MAJOR SOURCE OF FUNDING AND TRANSITIONED LEAD AGENCIES INTO LEGACY AGENCIES. THE CENTER CONTINUES THE WORK OF MYCOM UNDER A NEW CHILD AND FAMILY WELL-BEING STRATEGY.

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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 $535,095

Program Service Revenue $3,645

Investment Income $420

Other Revenue $58,758

TOTAL REVENUE $597,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,037

Fundraising Expenses $62,189

Program Expenses $655,384

Other Expenses $429,710

TOTAL EXPENSES $788,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$597,918	$867,850	-0.3%
Expenses	$788,747	$941,476	-0.2%
Net Income	$-190,829	$-73,626	+1.6%

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

700

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

$58,269

Total Directors