OHIO ECONOMIC DEVELOPMENT ASSOC

EIN: 202105810 Community Improvement

COLUMBUS, OH

Total Revenue
$636,738
Total Expenses
$574,011
Total Assets
$614,572
Net Assets
$368,288
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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
2005
Legal Domicile
OH
Principal Officer
SEE ATTACHED HOURS VARY
Phone
8005105296
Tax Period
2024-01-01 to 2024-12-31

OHIO ECONOMIC DEVELOPMENT ASSOC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $637K in total revenue in fiscal year 2024. Expenses of $574K left a modest 10% surplus.

Mission

THE MISSION OF THE OHIO ECONOMIC DEVELOPMENT ASSOCIATION (OEDA) IS TO INCREASE ECONOMIC PROSPERITY IN THE STATE OF OHIO BY ADVANCING THE PRACTICE OF ECONOMIC DEVELOPMENT.

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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 $63,900
Program Service Revenue $572,525
Investment Income $313
Other Revenue $0
TOTAL REVENUE $636,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $65,022
Fundraising Expenses $0
Other Expenses $508,989
TOTAL EXPENSES $574,011

Year-over-Year Comparison

2024 2023 Change
Revenue $636,738 $594,414 +0.1%
Expenses $574,011 $586,454 0.0%
Net Income $62,727 $7,960 +6.9%
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
23
Independent Members
23
Employees
2
Volunteers
23

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
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEE ATTACHED HOURS VARY VARIOUS N/A
Officer Director
$0 $0 $0
DAVID ZAK PRESIDENT & N/A
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
2024 $636,738 $574,011 $614,572 $62,727
2023 $594,414 $586,454 $467,589 $7,960
2022 $588,195 $670,363 $473,122 $-82,168
2021 $394,094 $421,991 $422,238 $-27,897
2020 $415,366 $358,747 $450,630 $56,619
2019 $558,401 $468,061 $430,800 $90,340
2018 $420,312 $510,574 $312,753 $-90,262
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