FUTURE READY CLEVELAND

EIN: 993092242 501(c)(3) Education

CLEVELAND HTS, OH

Total Revenue
$2,502,200
Total Expenses
$906,274
Total Assets
$1,721,415
Net Assets
$1,595,926
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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
2024
Legal Domicile
OH
Principal Officer
HOLLY TRIFIRO
Phone
2162177917
Tax Period
2024-07-01 to 2025-06-30

FUTURE READY CLEVELAND, founded in 2024, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. The organization ran a surplus of $1.6M, a strong 64% operating margin.

Mission

TO INCREASE THE NUMBER OF CHILDREN ATTENDING HIGH-QUALITY SCHOOLS IN CLEVELAND.

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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 $2,502,200
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,502,200

Expense Breakdown

Grants Paid $523,500
Salaries & Benefits $125,700
Fundraising Expenses $28,442
Program Expenses $760,724
Other Expenses $257,074
TOTAL EXPENSES $906,274

Year-over-Year Comparison

2024 2023 Change
Revenue $2,502,200 N/A N/A
Expenses $906,274 N/A N/A
Net Income $1,595,926 $0 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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOLLY TRIFIRO CEO 36.00
Officer
$0 $0 $0
LORA COVER PRESIDENT 1.00
Officer Director
$0 $0 $0
MAURA MARINO BOARD MEMBER 1.00
Director
$0 $0 $0
CYNTHIA TRACER BOARD MEMBER 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
2025 $2,502,200 $906,274 $1,721,415 $1,595,926
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