FRANK HADLEY AND CORNELIA ROOT GINN FOUNDATION (EIN 814903890) - 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

2017

Legal Domicile

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.

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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 (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

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

$310,506

Total Directors

Key Employees

Highest Compensated

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

FRANK HADLEY AND CORNELIA ROOT GINN FOUNDATION