OHIO ECONOMIC DEVELOPMENT ASSOC

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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

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.

Program Service Accomplishments

Program 1

OEDA'S VARIOUS PROGRAMS FOCUS ON PROFESSIONAL DEVELOPMENT, CERTIFICATION, AND TRAINING; PROVIDING NETWORKING AND CONNECTION OPPORTUNITIES; AND ACTING AS THE INFORMATION SAFETY NET FOR ECONOMIC...

OEDA'S VARIOUS PROGRAMS FOCUS ON PROFESSIONAL DEVELOPMENT, CERTIFICATION, AND TRAINING; PROVIDING NETWORKING AND CONNECTION OPPORTUNITIES; AND ACTING AS THE INFORMATION SAFETY NET FOR ECONOMIC DEVELOPMENT AND LEGISLATIVE NEWS.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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