FRANK HADLEY AND CORNELIA ROOT GINN FOUNDATION

EIN: 814903890 501(c)(3) Health Care

CLEVELAND, OH

Total Revenue
$14,172
Total Expenses
$174,424
Total Assets
$2,896,378
Net Assets
$2,896,378
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
OH
Principal Officer
MARY GINN
Phone
2168613810
Tax Period
2023-01-01 to 2023-12-31

FRANK HADLEY AND CORNELIA ROOT GINN FOUNDATION, founded in 2017, is a micro nonprofit in the Health Care sector that reported $14K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $174K exceeded revenue, resulting in a 1131% operating deficit.

Mission

THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT, OF AND TO CARRY OUT THE CHARITABLE AND EDUCATIONAL FUNCTIONS OF THE CLEVELAND FOUNDATION.

Program Service Accomplishments

Program 1
Expenses: $141,000

GRANTMAKING FOR OR ON BEHALF OF THE CLEVELAND FOUNDATION TO SUPPORT THE CLEVELAND FOUNDATION OR TO CARRY OUT THE CHARITABLE AND EDUCATIONAL FUNCTIONS OF THE CLEVELAND FOUNDATION.

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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 $17,081
Program Service Revenue $0
Investment Income $-2,909
Other Revenue $0
TOTAL REVENUE $14,172

Expense Breakdown

Grants Paid $141,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $141,000
Other Expenses $33,424
TOTAL EXPENSES $174,424

Year-over-Year Comparison

2023 2022 Change
Revenue $14,172 $15,316 -0.1%
Expenses $174,424 $167,927 +0.0%
Net Income $-160,252 $-152,611 +0.1%
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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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
6

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
4
$310,506
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY GINN PRESIDENT (EFF 1/1/23) 1.00
Officer Director
$0 $0 $0
WALTER GINN 1ST VICE PRES. (EFF 1/1/23) 0.50
Officer Director
$0 $0 $0
KATHERINE BARR HOLLINGSWORTH TRUSTEE (UNTIL 3/31/23) 0.50
Director
$0 $0 $0
KATE FOX NAGEL TRUSTEE 0.50
Director
$0 $0 $0
KURT KARAKUL TRUSTEE 0.50
Director
$0 $0 $0
SHENISE JOHNSON THOMAS TRUSTEE (EFF 6/6/23) 0.50
Director
$0 $0 $0
BRENDA CUMMINS SECRETARY 0.50
Officer
$0 $33,943 $141,531
ANTHONY GATTUSO TREASURER 0.50
Officer
$0 $42,109 $168,975
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 $14,172 $174,424 $2,896,378 $-160,252
2022 $15,316 $167,927 $2,636,557 $-152,611
2021 $314,211 $207,148 $3,344,749 $107,063
2020 $14,839 $213,403 $3,215,505 $-198,564
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