CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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 HOM TO CLEVELAND AT THE COMPLETION OF HER NAVAL SERVICE.
1.LONE SAILOR PARK: THE MONUMENT WAS FORMALLY PLACED AT THE LAKEFRONT AND INTRODUCED TO THE COMMUNITY IN OCTOBER. THIS WAS THE MOST SIGNIFICANT EVENT OF THE YEAR, FULLY FUNDED THROUGH DONATIONS-TO...
1.LONE SAILOR PARK: THE MONUMENT WAS FORMALLY PLACED AT THE LAKEFRONT AND INTRODUCED TO THE COMMUNITY IN OCTOBER. THIS WAS THE MOST SIGNIFICANT EVENT OF THE YEAR, FULLY FUNDED THROUGH DONATIONS-TO AND EFFORTS-OF THE BOARD AND SELECT VOLUNTEERS. IT IS INTENDED TO MEMORIALIZE THE SEA SERVICES, AND IN FACT ALL MILITARY BRANCHES, WHILE ENHANCING THE CITY OF CLEVELAND, CUYAHOGA COUNTY AND REALLY ALL OHIO AS WELL AS OUR NATION AT LARGE. OUR LONE SAILOR PARK WOULD GO ON TO BE RECOGNIZED AS AN AWARD- WINNING DESIGN. 2.NAVY BALL - OCTOBER, WE ORGANIZED AND "SPONSORED" THE 300 SEAT EVENT AND FUND RAISER AT AVIATOR EVENT CENTER. 3.FUND RAISING - ONGOING DEVELOPMENT EFFORTS CONTINUE 365. SEE OUR GENERAL LEDGER AND FINANCIALS FOR DETAILS. THE COMMUNITY OUTREACH BRINGS OUR MISSION TO THE ATTENTION OF THE BUSINESS AND GENERAL PUBLIC COMMUNITIES. STEWARDSHIP OF DONATIONS IS A PARAMOUNT TASK WHICH WE ADMINISTER WITH CONSCIENCE AND DETERMINATION. 4.THE BEGINNING OF A REORGANIZATION THAT MANIFESTED ITSELF IN 2025. THIS IN PREPARATION FOR A BUSY YEAR AND IMPROVING THE OVERALL ADMINISTRATION OF THE FOUNDATION. 5.VARIOUS SMALLER EVENTS THAT RECOGNIZED THE CREW OF LCS-31. THIS IS OUR MISSION, SO ANY AND ALL SUCH GATHERINGS, SMALLER SPONSORSHIPS AND HOSTED EVENTS ARE IN SUPPORT OF THE CREW AND THE COMMAND TRIAD (SHIP'S SKIPPER, XO AND CHIEF OF THE BOAT) 6.REVIEW AND EDIT OUR FOUNDATION BYLAWS. I INTRODUCED THE NEED FOR A "SCRUBBING" OF OUR BYLAWS AFTER FIVE (5) YEARS OF OPERATIONS AS AN APPROPRIATE STEP TO ASSURE WE REMAIN VIGILANT OF CIRCUMSTANCES OVER TIME. RECOMMENDATIONS WERE MADE AND PRESENTED TO THE THEN EXECUTIVE COMMITTEE FOR CONSIDERATION. 7.SCHEDULED BOARD MEETINGS, AND ALSO SPECIAL MEETINGS WHEN REQUIRED, TO MEET OUR EXPECTATIONS AND CADENCE AS SET FORWARD IN OUR BYLAWS. A QUORUM IS ALWAYS MET IN ORDER TO PROCEED. 8.RECRUITMENT AND ONBOARDING OF ADDITIONAL (AND BACKFILL) BOARD MEMBERS.
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 | $421,232 | $991,976 | -0.6% |
| Expenses | $656,538 | $455,866 | +0.4% |
| Net Income | $-235,306 | $536,110 | -1.4% |
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 |
|---|---|---|---|---|---|---|
| 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
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$0 | $0 | $0 |
| KEVIN PRATHER | VICE CHAIRMA | 4.00 |
Officer
Director
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$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
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$0 | $0 | $0 |
| 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 |
Compare USS CLEVELAND LEGACY FOUNDATION with other nonprofits in Ohio and across the country.