CLEVELAND CULTURAL SOCIETY (EIN 821317752) - 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

2016

Legal Domicile

Phone

4403480960

Tax Period

2024-07-01 to 2024-12-31

CLEVELAND CULTURAL SOCIETY, founded in 2016, is a micro nonprofit that reported $97K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $124K exceeded revenue, resulting in a 28% operating deficit.

Mission

CULTURAL COMMUNITY FUNDRAISING EVENTS IN SUPPORT OF COMMUNITY SERVICE AND CIVIC NON PROFIT ORGANIZATIONS

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $97,280

TOTAL REVENUE $97,280

Expense Breakdown

Grants Paid $106,223

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,433

Other Expenses $18,210

TOTAL EXPENSES $124,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,280	$137,813	-0.3%
Expenses	$124,433	$128,376	0.0%
Net Income	$-27,153	$9,437	-3.9%

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

484

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
RICHARD CROFT	TRUSTEE	1.00	Director	$0	$0	$0
LAURIE CADWALLANDER	SECRETARY	1.00	Director	$0	$0	$0
JUSTIN GORSKI	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD LUTZ	TRUSTEE	1.00	Director	$0	$0	$0
TOM NAGEL	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT WAGNER	TREASURER	1.00	Officer Director	$0	$0	$0
PHYLLIS GLAESER	TRUSTEE	1.00	Officer 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	$137,813	$128,376	$15,970	$9,437
2024	$97,280	$124,433	$38,816	$-27,153
2023	$80,033	$139,491	$16,533	$-59,458
2022	$198,182	$136,066	$65,991	$62,116

CLEVELAND CULTURAL SOCIETY