CLEVELAND FOUNDATION MIDTOWN COLLABORATI (EIN 922553895) - 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

Formation Year

2023

Legal Domicile

Principal Officer

LILLIAN KRUI

Phone

2168613810

Tax Period

2024-01-01 to 2024-12-31

CLEVELAND FOUNDATION MIDTOWN COLLABORATI, founded in 2023, is a community nonprofit in the Community Improvement sector that reported $8.6M in total revenue in fiscal year 2024. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.3M, a strong 96% operating margin.

Mission

THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR, AND TO ADVANCE THE CHARITABLE, SCIENTIFIC, LITERARY, ARTISTIC AND EDUCATIONAL PURPOSES OF THE CLEVELAND FOUNDATION.

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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 $8,500,000

Program Service Revenue $0

Investment Income $144,535

Other Revenue $0

TOTAL REVENUE $8,644,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $308,984

TOTAL EXPENSES $308,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,644,535	$3,235,135	+1.7%
Expenses	$308,984	$226,490	+0.4%
Net Income	$8,335,551	$3,008,645	+1.8%

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

N/A

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

$1,222,539

Total Directors

$1,127,529

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDELL MCSHEPARD	DIRECTOR & VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ROSANNE POTTER	DIRECTOR & TREASURER	0.50	Officer Director	$0	$71,142	$477,731
INDIA PIERCE LEE	DIRECTOR	0.50	Director	$0	$0	$0
KWAME BOTCHWAY UNTIL 81724	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEY SHAW	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAMS WILLIS	DIRECTOR	0.50	Director	$0	$0	$0
LILLIAN KURI	DIRECTOR & PRESIDENT	1.00	Officer Director	$0	$54,537	$649,798
COURTNEY LEHMANN	SECRETARY	0.50	Officer	$0	$17,436	$95,010

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	$8,644,535	$308,984	$39,603,031	$8,335,551
2023	$3,235,135	$226,490	$31,136,824	$3,008,645

CLEVELAND FOUNDATION MIDTOWN COLLABORATI