NORTHWEST OHIO AREA OFFICE ON AGING FOUNDATION (EIN 272770180) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Principal Officer

TOM BLUME

Phone

4197049020

Tax Period

2024-01-01 to 2024-12-31

NORTHWEST OHIO AREA OFFICE ON AGING FOUNDATION, founded in 2010, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 1109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 92% operating margin.

Mission

THE CORPORATION SHALL SUPPORT AREA OFFICE ON AGING OF NORTHWESTERN OHIO, INC. ("AOOA") BY MAKING GRANTS TO AOOA AND OTHER CHARITABLE ORGANIZATIONS IN SUPPORT OF AOOA'S MISSION OF DEVELOPMENT AND IMPLEMENTATION OF A COMPREHENSIVE AND COORDINATED SERVICE DELIVERY SYSTEM FOR OLDER ADULTS RESIDING IN NORTHWESTERN OHIO.

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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 $17,919

Program Service Revenue $0

Investment Income $2,314,772

Other Revenue $22,242

TOTAL REVENUE $2,354,933

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,516

Other Expenses $140,516

TOTAL EXPENSES $180,516

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,354,933	$194,826	+11.1%
Expenses	$180,516	$163,256	+0.1%
Net Income	$2,174,417	$31,570	+67.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS HELLMANN	CHAIRMAN	1.00	Director	$0	$0	$0
TOM BLUME	TREASURER	1.00	Director	$0	$0	$0
YVETTE MAYZES	CPM	1.00	Director	$0	$0	$0
JOHN KOLBECK	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MICHELE M RICE	CTFA/CWS	1.00	Director	$0	$0	$0
MARK LUETKE	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
TERENCE T MAMBORT	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BRYAN LATTA	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
KYLE CUBBON	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
CHELSEA L MEISTER	BOARD OF DIRECTORS	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
2024	$2,354,933	$180,516	$6,159,679	$2,174,417
2023	$194,826	$163,256	$3,973,208	$31,570
2022	$94,062	$136,219	$3,874,991	$-42,157
2021	$79,145	$69,284	$4,071,154	$9,861
2020	$100,476	$108,344	$4,023,109	$-7,868
2019	$-259,570	$93,605	$4,030,977	$-353,175
2018	$434,386	$5,000	$4,384,152	$429,386
2018	$434,386	$5,000	$4,384,152	$429,386

NORTHWEST OHIO AREA OFFICE ON AGING FOUNDATION