USS CLEVELAND LEGACY FOUNDATION (EIN 834007897) - 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

Principal Officer

RICHARD DECARLO

Phone

2167892139

Tax Period

2024-01-01 to 2024-12-31

USS CLEVELAND LEGACY FOUNDATION is a small nonprofit in the Arts, Culture & Humanities sector that reported $421K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $657K exceeded revenue, resulting in a 56% operating deficit.

Mission

TO SEND USS CLEVELAND TO THE FLEET WITH THE GREATEST START POSSIBLE, TO SUPPORT THE SHIP AND CREW THROUGHOUT HER SERVICE LIFE, AND TO WELCOME HER HOME TO CLEVELAND AT THE COMPLETION OF HER NAVAL SERVICE.

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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 $455,794

Program Service Revenue $0

Investment Income $16,989

Other Revenue $-51,551

TOTAL REVENUE $421,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,248

Fundraising Expenses $0

Program Expenses $122,293

Other Expenses $434,290

TOTAL EXPENSES $656,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$421,232	$991,976	-0.6%
Expenses	$656,538	$455,866	+0.4%
Net Income	$-235,306	$536,110	-1.4%

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

Volunteers

N/A

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
W CRAIG BASHEIN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD DECARLO	DIRECTOR	2.00	Officer Director	$0	$0	$0
JAMES FOLK	CHAIRMAN	5.00	Officer Director	$0	$0	$0
CHRIS GARAZATUA	DIRECTOR	1.00	Director	$0	$0	$0
JERMEY KOMASZ	DIRECTOR	2.00	Director	$0	$0	$0
DR BENJAMIN E BARAN PHD	DIRECTOR	2.00	Director	$0	$0	$0
KAREN MIHALIK POTOCZAK	SECRETARY	5.00	Officer Director	$0	$0	$0
KEVIN PRATHER	VICE CHAIRMA	4.00	Officer Director	$0	$0	$0
MATTHEW PREVITS	DIRECTOR	1.00	Director	$0	$0	$0
LARESE PURNELL	TREASURER	7.00	Officer Director	$0	$0	$0
DWIGHT SHEPHERD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT STALL	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN G THOMAS	DIRECTOR	1.00	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
2024	$421,232	$656,538	$1,933,124	$-235,306
2023	$991,976	$455,866	$2,068,379	$536,110
2022	$999,228	$646,660	$1,639,267	$352,568
2021	$958,608	$289,821	$860,853	$668,787
2020	$265,498	$103,048	$193,051	$162,450

USS CLEVELAND LEGACY FOUNDATION