Cleveland Public Market Corporation
Nonprofit profile at a glance
- EIN
- 923866177
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025
- Location
- Cleveland, OH, USA
- Phone
- 2162939830
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $23,139,601
- Expenses
- $1,961,949
- Assets
- $39,798,899
- Liabilities
- $8,792,356
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- DAVID ABBOTT (BOARD PRESIDENT)
- AMANDA DEMPSEY (VICE PRESIDENT, MERCHANT RELATIONS)
- CARRIE CARPENTER (VICE PRESIDENT, GOVERNANCE)
- JASON RUSSELL (VICE PRESIDENT, FACILITIES)
- RAMAT WILEY (VICE PRESIDENT, COMMUNITY ENGAGEMENT)
- ROSEMARY MUDRY (EXECUTIVE DIRECTOR)
Highest reported compensation
- ROSEMARY MUDRY (EXECUTIVE DIRECTOR): $133,992 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2025
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.
Operating model
- Revenue model
- Grant-funded. 75% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 42
- Transparency & Controls: 92
- Accountability: 69
- Sustainability: 85
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 7.8%; rating input score 8
- Program expense ratio: 80.8%; rating input score 81
- Fundraising efficiency: $341.32 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 91.5%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 20.29; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 74.1% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 93.6% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 116.7% per year; rating input score 100; 100th percentile among comparable filings
Details
- Where the money goes: 7.8% of revenue deployed · 80.8% of spending went to programs
- Governance: 21 of 21 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.6M in reported program spending
- Leadership: top reported pay $134K · 22 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 8/100.
- High — Accountability: Governance controls: 6 of 8 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.