CLEVELAND CULINARY LAUNCH INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

ERIC DIAMOND

Phone

8332162525

Tax Period

2023-01-01 to 2023-12-31

CLEVELAND CULINARY LAUNCH INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $318K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $463K exceeded revenue, resulting in a 45% operating deficit.

Mission

CLEVELAND CULINARY KITCHEN EXISTS TO PROVIDE CRAFT FOOD ENTREPRENEURS EDUCATION, LICENSING AND FACILITIES THAT ASSURE SUCCESS FROM START-UP THROUGH SCALE-UP IN ORDER TO CREATE SUSTAINABLE BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $420,077 Revenue: $116,518

OUR ENTREPRENEURS DON'T JUST START BUSINESSES. THEY SPARK GROWTH FOR THEIR PRODUCT CATEGORY, OUR COMMUNITY AND, MOST IMPORTANTLY, OTHER PEOPLE. YOUR SUPPORT DRIVES THESE CRITICAL OUTCOMES FORWARD...

OUR ENTREPRENEURS DON'T JUST START BUSINESSES. THEY SPARK GROWTH FOR THEIR PRODUCT CATEGORY, OUR COMMUNITY AND, MOST IMPORTANTLY, OTHER PEOPLE. YOUR SUPPORT DRIVES THESE CRITICAL OUTCOMES FORWARD. 700+ PRODUCTS CREATED OUT OF OUR KITCHEN TO DATE 5.5 MILLION HAS BEEN INVESTED TO DATE IN FACILITIES TO HELP FOOD ENTREPRENEURS: - 1,000+ JOBS CREATED TO DATE - 65% OF OUR CLIENTS ARE MINORITIES OR WOMEN - 800+ CLIENTS HAVE TAKEN OUR INCUBATOR COURSE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $201,884

Program Service Revenue $116,518

Investment Income $34

Other Revenue $0

TOTAL REVENUE $318,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $17,460

Program Expenses $420,077

Other Expenses $462,734

TOTAL EXPENSES $462,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$318,436	$447,538	-0.3%
Expenses	$462,734	$526,239	-0.1%
Net Income	$-144,298	$-78,701	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
ERIC DIAMOND	CEO AND CHAI	3.00	Officer Director	$0	$0	$0
CLAUDE BOOKER	DIRECTOR	3.00	Director	$0	$0	$0
WHITNEY CORNUKE	DIRECTOR	3.00	Director	$0	$0	$0
JUDSON CUMMINS	DIRECTOR	3.00	Director	$0	$0	$0
KIM HEINEN	DIRECTOR	3.00	Director	$0	$0	$0
JOE STANZIANO	DIRECTOR	3.00	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
2023	$318,436	$462,734	$119,094	$-144,298
2022	$447,538	$526,239	$238,387	$-78,701
2021	$301,451	$420,837	$213,320	$-119,386
2020	$367,809	$404,635	$278,413	$-36,826
2019	$235,321	$262,148	$131,925	$-26,827