CLEVELAND PUBLIC MARKET CORPORATION

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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

ROSEMARY MUDRY

Phone

2162939830

Tax Period

2023-07-01 to 2024-06-30

CLEVELAND PUBLIC MARKET CORPORATION, founded in 2023, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $494K, a strong 45% operating margin.

Mission

CLEVELAND PUBLIC MARKET CORPORATIONS MISSION IS TO PRESERVE THE CITY'S PUBLIC MARKET TRADITION WHILE MAKING THE LOCAL FOOD SYSTEM MORE ACCESSIBLE, EQUITABLE, AND DIVERSE.

Program Service Accomplishments

Program 1

Expenses: $275,478

THROUGH CLEVELAND PUBLIC MARKET CORPORATIONS (CPMC) WORK, WEST SIDE MARKET BRINGS JOY AS AN AUTHENTICALLY CLEVELAND PLACE TO SHOP FROM LOCAL FOOD ENTREPRENEURS. THROUGH OPERATIONS OVERSIGHT...

THROUGH CLEVELAND PUBLIC MARKET CORPORATIONS (CPMC) WORK, WEST SIDE MARKET BRINGS JOY AS AN AUTHENTICALLY CLEVELAND PLACE TO SHOP FROM LOCAL FOOD ENTREPRENEURS. THROUGH OPERATIONS OVERSIGHT, PROGRAMS, AND PARTNERSHIPS, CPMC WORKS TO FULFILL THE FOLLOWING VISIONS FOR WEST SIDE MARKET: DIVERSE, THRIVING INDEPENDENT BUSINESSES SHARE THEIR KNOWLEDGE AND PASSION FOR FRESH, SPECIALTY, AND PREPARED FOODS AND LOCAL FARM PRODUCTS WITH A CONTINUALLY GROWING BASE OF CUSTOMERS. FUNCTIONAL NEEDS OF MERCHANTS AND CONSUMERS ARE MET WITH WELL-PRESERVED AND MAINTAINED FACILITIES, UPDATED FOR SUSTAINABILITY THE MARKET IS A VIBRANT, WELCOMING PLACE FOR REGIONAL RESIDENTS AND MUST-GO DESTINATION FOR VISITORS THE MARKET PLAYS A CENTRAL ROLE IN THE REGIONAL FOOD SYSTEM, EXPANDING EQUITABLE ACCESS TO FRESH FOOD, SUPPORTING LOCAL GROWERS, IMPROVING COMMUNITY WELLNESS, AND OFFERING OPPORTUNITIES TO DISCOVER, CELEBRATE, AND CONTRIBUTE TO CLEVELAND'S CULINARY CULTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $578,904

Program Service Revenue $0

Investment Income $40

Other Revenue $516,008

TOTAL REVENUE $1,094,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,925

Fundraising Expenses $15,492

Program Expenses $275,478

Other Expenses $445,838

TOTAL EXPENSES $600,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,094,952	N/A	N/A
Expenses	$600,763	N/A	N/A
Net Income	$494,189	N/A	N/A

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

Total Directors

$31,973

Key Employees

Highest Compensated

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	$31,973	$0	$31,973
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