Cleveland, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Lake Erie Energy Development Corporation, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $182K in total revenue in fiscal year 2022. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $65K, a strong 36% operating margin.
LEEDCo is a regional non-profit and economic development organization building an offshore wind energy industry in Ohio.
A major step in pursuit of LEEDCo's mission to build the offshore wind industry in northeast Ohio is to develop an initial demonstration project in Lake Erie. This project, known as Icebreaker Wind...
A major step in pursuit of LEEDCo's mission to build the offshore wind industry in northeast Ohio is to develop an initial demonstration project in Lake Erie. This project, known as Icebreaker Wind, will consist of six, approximately 3.5 MW wind turbines located 8 miles offshore of downtown Cleveland. It will serve as an environmental data collection center and provide a model for responsible offshore wind development in Lake Erie. The experience and data collected through this project will help identify best practices, refine the engineering innovations, validate the environmental conditions, guide siting for future projects, and ultimately lower the cost of energy.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $182,052 | $267,723 | -0.3% |
| Expenses | $117,003 | $255,926 | -0.5% |
| Net Income | $65,049 | $11,797 | +4.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| William D Friedman | President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Ronald B Richard | Board Chairman | 1.00 |
Director
|
$0 | $0 | $0 |
| Steve Dever | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| JP Ducro | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| John R Hanercheck | Board Member | 1.00 |
Director
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$0 | $0 | $0 |
| Matt Lundy | Board Member | 1.00 |
Director
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$0 | $0 | $0 |
| Ryan Puente | Board Memebr | 1.00 |
Director
|
$0 | $0 | $0 |
| Fran DiDonato | Secretary | 1.00 |
Officer
|
$0 | $0 | $0 |
| J Steven Coates | Treasurer | 1.00 |
Officer
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $182,052 | $117,003 | $94,033 | $65,049 |
| 2021 | $267,723 | $255,926 | $34,355 | $11,797 |
| 2020 | $761,856 | $981,053 | $25,265 | $-219,197 |
| 2019 | $794,462 | $1,506,870 | $88,750 | $-712,408 |
| 2018 | $1,652,683 | $2,647,424 | $241,503 | $-994,741 |
Compare Lake Erie Energy Development Corporation with other nonprofits in Ohio and across the country.