JOBSOHIO BEVERAGE SYSTEM

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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

2004

Legal Domicile

Principal Officer

JP NAUSEEF

Phone

6142246446

Tax Period

2022-07-01 to 2023-06-30

JOBSOHIO BEVERAGE SYSTEM, founded in 2004, is a major nonprofit in the Community Improvement sector that reported $732.5M in total revenue in fiscal year 2022. Expenses of $1.1B exceeded revenue, resulting in a 47% operating deficit.

Mission

TO LESSEN THE BURDENS OF GOVERNMENT OF THE STATE OF OHIO BY PROVIDING GRANTS TO JOBSOHIO TO CARRY OUT ITS JOB CREATION AND OTHER ECONOMIC DEVELOPMENT TAX-EXEMPT ACTIVITIES AND CARRY OUT THE FUNCTIONS OF CHAPTER 4313, OHIO REVISED CODE.

Program Service Accomplishments

Program 1

Expenses: $400,497,588 Revenue: $726,146,168

OPERATION OF SPIRITUOUS LIQUOR FRANCHISE TO LESSEN THE BURDENS OF GOVERNMENT.

Program 2

Expenses: $625,000,000

RESTRICTIVE GRANTS TO JOBSOHIO TO SUPPORT JOBSOHIO'S ECONOMIC DEVELOPMENT ACTIVITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $6,341,108

Other Revenue $726,146,168

TOTAL REVENUE $732,487,276

Expense Breakdown

Grants Paid $625,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,025,497,588

Other Expenses $452,046,186

TOTAL EXPENSES $1,077,046,186

Year-over-Year Comparison

	2022	2021	Change
Revenue	$732,487,276	$711,463,360	+0.0%
Expenses	$1,077,046,186	$751,527,904	+0.4%
Net Income	$-344,558,910	$-40,064,544	+7.6%

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

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

$1,660,419

Total Directors

$727,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JP NAUSEEF	PRESIDENT	1.00	Officer Director	$0	$38,559	$727,316
BETTY MONTGOMERY	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN A GIANGOLA	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT C SMITH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
THEODORE L ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN FAUST	CHIEF FINANCIAL OFFICER (END 5/23)	1.00	Officer	$0	$29,158	$585,671
DONELL GRUBBS	SECRETARY	1.00	Officer	$0	$23,020	$347,432

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	$732,487,276	$1,077,046,186	$1,181,052,892	$-344,558,910
2022	$711,463,360	$751,527,904	$1,225,164,097	$-40,064,544
2021	$699,535,953	$696,508,559	$1,317,938,873	$3,027,394
2020	$596,517,785	$614,326,890	$1,336,194,278	$-17,809,105
2019	$537,286,146	$663,354,068	$1,355,585,503	$-126,067,922
2018	$494,270,496	$485,158,192	$1,510,163,725	$9,112,304