USS CLEVELAND LEGACY FOUNDATION

EIN: 834007897 501(c)(3) Arts, Culture & Humanities

CLEVELAND, OH

Total Revenue
$421,232
Total Expenses
$656,538
Total Assets
$1,933,124
Net Assets
$1,788,741
🔒

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

Sign In — Free (10 views/day)

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 HOM TO CLEVELAND AT THE COMPLETION OF HER NAVAL SERVICE.

Program Service Accomplishments

Program 1
Expenses: $122,293

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...

Read more

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.

🔒

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%)

Sign In — Free (10 views/day)

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
🔒

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

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
3
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
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in Ohio Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare USS CLEVELAND LEGACY FOUNDATION with other nonprofits in Ohio and across the country.