PARALLAX ADVANCED RESEARCH CORPORATION

EIN: 161704454 501(c)(3) Science & Technology

BEAVERCREEK, OH

Total Revenue
$45,989,638
Total Expenses
$45,816,869
Total Assets
$23,131,458
Net Assets
$3,356,108
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
OH
Principal Officer
DENNIS ANDERSH
Phone
9377051000
Tax Period
2022-07-01 to 2023-06-30

PARALLAX ADVANCED RESEARCH CORPORATION, founded in 2004, is a mid-sized nonprofit in the Science & Technology sector that reported $46.0M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PART I, LINE 1 THE ORGANIZATION'S MISSION IS TO OPERATE EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES TO INCLUDE PROMOTING, ENCOURAGING AND ASSISTING IN SCIENTIFIC RESEARCH AND DEVELOPMENT FOR THE BENEFIT OF THE PUBLIC AND THE TRANSITION TO OHIO INDUSTRY OF ADVANCED DATA COLLECTION, MANAGEMENT AND ANALYSIS TECHNOLOGIES. FOSTERING COLLABORATION BETWEEN THE RESEARCH CENTERS OF OHIO INFORMATION TECHNOLOGY AND RELATED COMPANIES, ACADEMIC INSTITUTIONS AND GOVERNMENTAL RESEARCH FACILITIES, ENCOURAGING THE RETENTION, DEVELOPMENT AND EXPANSION OF THE INFORMATION TECHNOLOGY AND RELATED INDUSTRIES IN OHIO AND PROMOTING, ENCOURAGING AND ASSISTING IN SCIENTIFIC RESEARCH TO AID IN THE EDUCATION OF COLLEGE AND UNIVERSITY STUDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $45,989,082
Investment Income $556
Other Revenue $0
TOTAL REVENUE $45,989,638

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,383,385
Fundraising Expenses $0
Program Expenses $27,802,381
Other Expenses $26,433,484
TOTAL EXPENSES $45,816,869

Year-over-Year Comparison

2022 2021 Change
Revenue $45,989,638 $40,733,328 +0.1%
Expenses $45,816,869 $40,618,782 +0.1%
Net Income $172,769 $114,546 +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
20
Independent Members
N/A
Employees
133
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
6
$1,009,529
Total Directors
14
$369,393
Key Employees
35
$6,981,828
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS ANDERSH CEO & PRESID 40.00
Officer Director
$369,393 $0 $369,393
MARY MARGARET EVANS SECRETARY 40.00
Officer
$266,625 $0 $266,625
MICHAEL PEARSALL TREASURER/SE 40.00
Officer
$271,380 $0 $271,380
CD MOORE LT GENERAL CHAIR N/A
Officer
$0 $0 $0
LLOYD FIELDS DIRECTOR N/A
Director
$0 $0 $0
GAYLE ROMINGER DIRECTOR N/A
Director
$0 $0 $0
MICHAEL HRIPKO DIRECTOR N/A
Director
$0 $0 $0
RICHARD GRAF DIRECTOR N/A
Director
$0 $0 $0
JEFF STANLEY DIRECTOR N/A
Director
$0 $0 $0
DOUG EBERSOLE VICE CHAIR N/A
Officer
$0 $0 $0
GREG MORRIS DIRECTOR N/A
Director
$0 $0 $0
CARMEL ORTIZ DIRECTOR N/A
Director
$0 $0 $0
WANDA GAMBLE DIRECTOR N/A
Director
$0 $0 $0
SUSAN THORNTON DIRECTOR N/A
Director
$0 $0 $0
DR MICHAEL FARRELL DIRECTOR N/A
Director
$0 $0 $0
GARY KESSLER DIRECTOR N/A
Director
$0 $0 $0
DR RICHARD JOSEPH DIRECTOR N/A
Director
$0 $0 $0
WAYNE DENNY DIRECTOR N/A
Director
$0 $0 $0
CHRIS HOCEVAR TREASURER N/A
Officer
$102,131 $0 $102,131
VIKTORIA GREANYA KEY EMPLOYEE N/A
Key Emp
$292,972 $0 $292,972
BRUCE HOWARD KEY EMPLOYEE N/A
Key Emp
$258,201 $0 $258,201
FRANK DIGIOVANNI KEY EMPLOYEE N/A
Key Emp
$265,469 $0 $265,469
KATHLEEN GILPIN KEY EMPLOYEE N/A
Key Emp
$228,528 $0 $228,528
DAVID GROSS KEY EMPLOYEE N/A
Key Emp
$250,653 $0 $250,653
DARRELL LOCHTEFELD KEY EMPLOYEE N/A
Key Emp
$259,411 $0 $259,411
DAVID NESTIC KEY EMPLOYEE N/A
Key Emp
$200,194 $0 $200,194
DAVID SELBY KEY EMPLOYEE N/A
Key Emp
$212,285 $0 $212,285
MATTHEW MOLINEAUX KEY EMPLOYEE N/A
Key Emp
$229,286 $0 $229,286
MARY WILLIAMS KEY EMPLOYEE N/A
Key Emp
$237,518 $0 $237,518
RUFUS SMITH KEY EMPLOYEE N/A
Key Emp
$192,367 $0 $192,367
KEITH BOWMAN KEY EMPLOYEE N/A
Key Emp
$197,272 $0 $197,272
DAVID BRIDGES KEY EMPLOYEE N/A
Key Emp
$165,283 $0 $165,283
DUSTIN DANNENHAUER KEY EMPLOYEE N/A
Key Emp
$181,000 $0 $181,000
JASON DAVIS KEY EMPLOYEE N/A
Key Emp
$162,310 $0 $162,310
LJ EADS KEY EMPLOYEE N/A
Key Emp
$179,478 $0 $179,478
FERESHTEH FARZAD KEY EMPLOYEE N/A
Key Emp
$176,932 $0 $176,932
MARY FRAME KEY EMPLOYEE N/A
Key Emp
$168,081 $0 $168,081
ERIN HOLDEN KEY EMPLOYEE N/A
Key Emp
$165,202 $0 $165,202
BRUCE HOWARD SR KEY EMPLOYEE N/A
Key Emp
$197,574 $0 $197,574
JOHN KOVACHICH KEY EMPLOYEE N/A
Key Emp
$158,969 $0 $158,969
DEIRDRE LARKIN KEY EMPLOYEE N/A
Key Emp
$157,253 $0 $157,253
JOELYNN LAUX KEY EMPLOYEE N/A
Key Emp
$157,148 $0 $157,148
CHIEN-CHIH LIN KEY EMPLOYEE N/A
Key Emp
$161,000 $0 $161,000
JUSTIN MORGAN KEY EMPLOYEE N/A
Key Emp
$176,087 $0 $176,087
TODD MYERS KEY EMPLOYEE N/A
Key Emp
$241,245 $0 $241,245
JESSICA PACHECO KEY EMPLOYEE N/A
Key Emp
$186,864 $0 $186,864
HENRY PARUNAK KEY EMPLOYEE N/A
Key Emp
$245,284 $0 $245,284
DANIEL PIERRON KEY EMPLOYEE N/A
Key Emp
$166,580 $0 $166,580
KYLE PREUSS KEY EMPLOYEE N/A
Key Emp
$183,245 $0 $183,245
BRYAN ROTH KEY EMPLOYEE N/A
Key Emp
$159,635 $0 $159,635
JOHN SANKOVIC KEY EMPLOYEE N/A
Key Emp
$171,853 $0 $171,853
RYAN STABLER KEY EMPLOYEE N/A
Key Emp
$173,843 $0 $173,843
SCOTT SWANSON KEY EMPLOYEE N/A
Key Emp
$169,390 $0 $169,390
ROBERT TANNER KEY EMPLOYEE N/A
Key Emp
$253,416 $0 $253,416
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 No data No data No data No data
2024 No data No data No data No data
2023 $45,989,638 $45,816,869 $23,131,458 $172,769
2022 $40,733,328 $40,618,782 $15,622,847 $114,546
2021 $42,589,821 $42,807,161 $14,013,779 $-217,340
2019 $31,263,767 $31,219,693 $12,460,290 $44,074
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