PORTAGE DEVELOPMENT BOARD

EIN: 271954310 501(c)(3) Public & Societal Benefit

RAVENNA, OH

Total Revenue
$371,014
Total Expenses
$331,726
Total Assets
$603,279
Net Assets
$600,539
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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
2009
Legal Domicile
OH
Phone
3302973470
Tax Period
2024-01-01 to 2024-12-31

PORTAGE DEVELOPMENT BOARD, founded in 2009, is a small nonprofit in the Public & Societal Benefit sector that reported $371K in total revenue in fiscal year 2024. Expenses of $332K left a modest 11% surplus.

Mission

TO COORDINATE AND PROMOTE ECONOMIC DEVELOPMENT ON A COUNTY WIDE BASIS AMONG ALL OF THE POLITICAL SUBDIVISIONS OF PORTAGE COUNTY, OHIO.

Program Service Accomplishments

Program 1
Expenses: $255,618

PROMOTE COOPERATIVE AND COORDINATED ECONOMIC DEVELOPMENT ACTIVITIES AMONG THE MUNICIPALITIES, TOWNSHIPS, PUBLIC AND PRIVATE INSTITUTIONS AND BUSINESSES IN PORTAGE COUNTY, OHIO TO RETAIN EXISTING JOBS...

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PROMOTE COOPERATIVE AND COORDINATED ECONOMIC DEVELOPMENT ACTIVITIES AMONG THE MUNICIPALITIES, TOWNSHIPS, PUBLIC AND PRIVATE INSTITUTIONS AND BUSINESSES IN PORTAGE COUNTY, OHIO TO RETAIN EXISTING JOBS AND CREATE NEW EMPLOYMENT OPPORTUNITIES.

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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 $173,445
Program Service Revenue $175,093
Investment Income $22,476
Other Revenue $0
TOTAL REVENUE $371,014

Expense Breakdown

Grants Paid $0
Salaries & Benefits $272,032
Fundraising Expenses $23,295
Program Expenses $255,618
Other Expenses $59,694
TOTAL EXPENSES $331,726

Year-over-Year Comparison

2024 2023 Change
Revenue $371,014 $366,427 +0.0%
Expenses $331,726 $328,189 +0.0%
Net Income $39,288 $38,238 +0.0%
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
40
Independent Members
40
Employees
3
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
5
$102,636
Total Directors
40
$102,636
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD EHRHART President 40.00
Officer Director
$102,636 $0 $102,636
JOHN LANGELL Director 1.00
Director
$0 $0 $0
SABRINA CHRISTIAN-BENNETT Vice Chairman 1.00
Officer Director
$0 $0 $0
EDIE BENNER Director 1.00
Director
$0 $0 $0
ANN WOMER-BENJAMIN Director 1.00
Director
$0 $0 $0
JULIE BRANDLE Director 1.00
Director
$0 $0 $0
MATTHEW FRENCH Director 1.00
Director
$0 $0 $0
BRIAN ADAMS Director 1.00
Director
$0 $0 $0
GLENN BROSKA Secretary 1.00
Officer Director
$0 $0 $0
DAVID BECKER Director 1.00
Director
$0 $0 $0
MIKE HLAD Director 1.00
Director
$0 $0 $0
PATRICK O'MALIA Director 1.00
Director
$0 $0 $0
RICHARD BENNETT Director 1.00
Director
$0 $0 $0
ROBERT BOHRER II Director 1.00
Director
$0 $0 $0
STEPHEN COLECCHI Director 1.00
Director
$0 $0 $0
SANDRA REID Chairman 1.00
Officer Director
$0 $0 $0
CAROL SICILIANO-KILWAY Director 1.00
Director
$0 $0 $0
NICK GATTOZZI Director 1.00
Director
$0 $0 $0
ERIC DECKER Director 1.00
Director
$0 $0 $0
JEFF STEVENSON Director 1.00
Director
$0 $0 $0
BOB READY Director 1.00
Director
$0 $0 $0
JOEY ARNOLD Director 1.00
Director
$0 $0 $0
RAY HARNER Director 1.00
Director
$0 $0 $0
ERICK SHARP Director 1.00
Director
$0 $0 $0
RANDY GRIFFITH Director 1.00
Director
$0 $0 $0
WENDY WEESE Director 1.00
Director
$0 $0 $0
BRIAN EBIE Director 1.00
Director
$0 $0 $0
AMANDA FROST Director 1.00
Director
$0 $0 $0
STEPHEN HENDRICKS Director 1.00
Director
$0 $0 $0
JOHN RYAN Director 1.00
Director
$0 $0 $0
MATTHEW METCALF Director 1.00
Director
$0 $0 $0
BENJAMIN KROECK Director 1.00
Director
$0 $0 $0
RICK PATRICK Director 1.00
Director
$0 $0 $0
FRANK SEMAN Director 1.00
Director
$0 $0 $0
DAVID RULLER Director 1.00
Director
$0 $0 $0
TODD PEETZ Director 1.00
Director
$0 $0 $0
DOUGLAS WIEDER Treasurer 1.00
Officer Director
$0 $0 $0
THOMAS ORCUTT Director 1.00
Director
$0 $0 $0
JASON STEWART Director 1.00
Director
$0 $0 $0
AMY HOPKINS Director 1.00
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
2025 No data No data No data No data
2024 $371,014 $331,726 $603,279 $39,288
2023 $366,427 $328,189 $563,687 $38,238
2022 $432,604 $329,446 $525,523 $103,158
2021 $347,933 $311,900 $421,379 $36,033
2020 $294,105 $329,560 $439,746 $-35,455
2019 $343,104 $354,751 $420,750 $-11,647
2018 $396,371 $301,557 $645,788 $94,814
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