CLEVELAND PUBLIC MARKET CORPORATION

EIN: 923866177 501(c)(3) Community Improvement

CLEVELAND, OH

Total Revenue
$11,093,866
Total Expenses
$1,759,164
Total Assets
$9,947,511
Net Assets
$9,828,891
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
OH
Principal Officer
ROSEMARY MUDRY
Phone
2162939830
Tax Period
2024-07-01 to 2024-12-31

CLEVELAND PUBLIC MARKET CORPORATION, founded in 2023, is a mid-sized nonprofit in the Community Improvement sector that reported $11.1M in total revenue in fiscal year 2024. Revenue surged 913% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.3M, a strong 84% operating margin.

Mission

UNDER THE DIRECTION OF A COMMITTED BOARD OF DIRECTORS, THE NONPROFIT CLEVELAND PUBLIC MARKET CORPORATION ("CPMC") IS SEEKING TO MAKE WEST SIDE MARKET THE NATION'S PREMIER PUBLIC MARKET BY MEETING THE EVOLVING NEEDS OF MERCHANTS, CUSTOMERS, AND THE COMMUNITY. CPMC'S MISSION IS TO PRESERVE THE CITY'S PUBLIC MARKET TRADITION WHILE MAKING THE LOCAL FOOD SYSTEM MORE ACCESSIBLE, EQUITABLE, AND DIVERSE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,166,873
Program Service Revenue $0
Investment Income $19,728
Other Revenue $907,265
TOTAL REVENUE $11,093,866

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $329,111
Fundraising Expenses $26,496
Program Expenses $791,998
Other Expenses $1,429,053
TOTAL EXPENSES $1,759,164

Year-over-Year Comparison

2024 2023 Change
Revenue $11,093,866 $1,094,952 +9.1%
Expenses $1,759,164 $600,763 +1.9%
Net Income $9,334,702 $494,189 +17.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
10
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
7
$0
Total Directors
9
$63,946
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN ZOLLER DIRECTOR 3.00
Director
$0 $0 $0
COLETTE JONES DIRECTOR 3.00
Director
$0 $0 $0
DR DON MALONE DIRECTOR 3.00
Director
$0 $0 $0
HENERY HILOW DIRECTOR 3.00
Director
$0 $0 $0
KERRY MCCORMACK DIRECTOR 3.00
Director
$0 $0 $0
RANDY MCSHEPARD DIRECTOR 3.00
Director
$0 $0 $0
TARAS SZMYGALA DIRECTOR 3.00
Director
$0 $0 $0
TOM NAGEL DIRECTOR 3.00
Director
$0 $0 $0
ROSEMARY MUDRY EXECUTIVE DIRECTOR 40.00
Director
$63,946 $0 $63,946
DAVID ABBOTT BOARD PRESIDENT 5.00
Officer
$0 $0 $0
AMANDA DEMPSEY VICE PRESIDENT, MERCHANT RELATIONS 5.00
Officer
$0 $0 $0
CARRIE CARPENTER VICE PRESIDENT, GOVERNANCE 5.00
Officer
$0 $0 $0
JASON RUSSELL VICE PRESIDENT, FACILITIES 5.00
Officer
$0 $0 $0
RAMAT WILEY VICE PRESIDENT, COMMUNITY ENGAGEMENT 5.00
Officer
$0 $0 $0
ALLISON SPIELES TREASURER 5.00
Officer
$0 $0 $0
TANISHA VELEZ SECRETARY 5.00
Officer
$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 $1,094,952 $600,763 $609,885 $494,189
2024 $11,093,866 $1,759,164 $9,947,511 $9,334,702
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