OHIO CAPITAL FINANCE CORPORATION

EIN: 010634942 501(c)(3) Community Improvement

COLUMBUS, OH

Total Revenue
$11,231,940
Total Expenses
$4,087,135
Total Assets
$167,509,154
Net Assets
$79,477,439
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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
2002
Legal Domicile
OH
Principal Officer
JENNIFER MULLANEY
Phone
6142248446
Tax Period
2023-01-01 to 2023-12-31

OHIO CAPITAL FINANCE CORPORATION, founded in 2002, is a mid-sized nonprofit in the Community Improvement sector that reported $11.2M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.1M, a strong 64% operating margin.

Mission

PROVIDE FINANCING IN THE FORM OF LOANS, GRANTS, AND EQUITY FOR PURPOSES OF PROVIDING HOUSING, COMMUNITY DEVELOPMENT, AND ECONOMIC DEVELOPMENT TO ASSIST LOW-INCOME COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,347,345
Program Service Revenue $6,664,532
Investment Income $220,063
Other Revenue $0
TOTAL REVENUE $11,231,940

Expense Breakdown

Grants Paid $66,588
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,848,474
Other Expenses $4,020,547
TOTAL EXPENSES $4,087,135

Year-over-Year Comparison

2023 2022 Change
Revenue $11,231,940 $18,182,307 -0.4%
Expenses $4,087,135 $4,619,114 -0.1%
Net Income $7,144,805 $13,563,193 -0.5%
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
9
Independent Members
N/A
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
8
$2,911,392
Total Directors
11
$101,670
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA MINGO DIRECTOR /CHAIR 1.00
Officer Director
$0 $0 $17,490
DENNIS GUEST DIRECTOR 0.50
Director
$0 $0 $4,950
GRADY P APPLETON DIRECTOR 0.50
Director
$0 $0 $8,250
HAROLD D KELLER OUTGOING DIRECTOR 0.50
Director
$0 $0 $2,750
JEANNE GOLLIHER DIRECTOR/SECRETARY 0.50
Officer Director
$0 $0 $13,120
JEANNE SCHROER DIRECTOR 0.50
Director
$0 $0 $13,310
JOHN LEE DIRECTOR 0.50
Director
$0 $0 $8,250
KEVIN NOWAK DIRECTOR 0.50
Director
$0 $0 $2,475
RICHARD MCQUADY DIRECTOR 0.50
Director
$0 $0 $8,250
SUSAN E WEAVER OUTGOING DIRECTOR /VICE-CHAIR 0.50
Officer Director
$0 $0 $8,305
THOMAS LOOS DIRECTOR/TREASURER 0.50
Officer Director
$0 $0 $14,520
CATHERINE CAWTHON CEO 5.00
Officer
$0 $285,607 $977,174
JENNIFER MULLANEY CFO 5.00
Officer
$0 $230,650 $834,746
JONATHAN WELTY PRESIDENT 30.00
Officer
$0 $235,544 $868,905
NANCY L RODGERS SECRETARY 5.00
Officer
$0 $37,219 $177,132
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 No data No data No data No data
2023 $11,231,940 $4,087,135 $167,509,154 $7,144,805
2022 $18,182,307 $4,619,114 $134,549,482 $13,563,193
2021 $8,872,596 $3,380,376 $139,771,046 $5,492,220
2020 $10,945,831 $3,069,829 $115,938,159 $7,876,002
2019 $15,417,119 $3,807,323 $98,860,946 $11,609,796
2018 $8,660,393 $2,652,986 $64,712,523 $6,007,407
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