CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SAY YES CLEVELAND SCHOLARSHIP INC, founded in 2018, is a small nonprofit in the Education sector that reported $706K in total revenue in fiscal year 2024. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $6.1M exceeded revenue, resulting in a 763% operating deficit.
TO PROVIDE POST-SECONDARY TUITION SCHOLARSHIPS TO ELIGIBLE STUDENTS GRADUATING FROM THE CLEVELAND METROPOLITAN SCHOOL DISTRICT AND ITS PARTNERING CHARTER HIGH SCHOOLS. THE ORGANIZATION IS CHARGED WITH OVERSIGHT AND APPROVAL OF POLICIES AND PROCEDURES FOR THIS PROGRAM TO ENSURE THE PROVISION OF SCHOLARSHIPS IS UNIVERSAL, EQUITABLE, AND SUSTAINABLE. THE ORGANIZATION WORKS COLLABORATIVELY WITH THE SAY YES CLEVELAND OPERATING COMMITTEE. THE OPERATING COMMITTEE IS RESPONSIBLE FOR EFFECTIVE IMPLEMENTATION AND SUPPORT FOR THE STUDENT SERVICES COMPONENT OF THE OVERALL SAY YES MISSION.OBJECTIVES OF THE MISSION INCLUDE INCREASING THE EDUCATIONAL LEVEL OF CLEVELAND RESIDENTS, IMPROVING COLLEGE ACCESS FOR MIDDLE AND LOW INCOME FAMILIES IN CLEVELAND, INCREASING THE POPULATION IN THE CITY OF CLEVELAND, AND SPURRING ECONOMIC GROWTH AND EXPANSION IN CLEVELAND THROUGH DEVELOPMENT AND RETENTION OF A HIGH-SKILLED FUTURE WORKFORCE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $706,444 | $11,616,456 | -0.9% |
| Expenses | $6,096,318 | $5,247,211 | +0.2% |
| Net Income | $-5,389,874 | $6,369,245 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LONNIE COLEMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ANDREW CONNORS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DIANE DOWNING | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TERRI EASON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DOLORES GARCIA | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARK HANNA | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT MARTENS | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DREW MARTIN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ANN MULLIN | BOARD CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| VICTOR RUIZ | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| EDDIE TAYLOR JR | BOARD VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| HELEN WILLIAMS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SHAKORIE DAVIS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $706,444 | $6,096,318 | $126,054,780 | $-5,389,874 |
| 2024 | $11,616,456 | $5,247,211 | $119,339,975 | $6,369,245 |
| 2023 | $2,083,564 | $4,420,272 | $99,267,344 | $-2,336,708 |
| 2022 | $4,775,644 | $3,552,419 | $89,649,014 | $1,223,225 |
| 2021 | $5,584,149 | $2,728,114 | $99,909,852 | $2,856,035 |
| 2020 | $77,001,044 | $2,242,915 | $77,827,431 | $74,758,129 |
Compare SAY YES CLEVELAND SCHOLARSHIP INC with other nonprofits in Ohio and across the country.