NORTHERN OHIO LMC INC

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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

Phone

3302700453

Tax Period

2023-12-01 to 2024-11-30

NORTHERN OHIO LMC INC, founded in 2010, is a community nonprofit in the Employment sector that reported $8.9M in total revenue in fiscal year 2023.

Mission

SERVES AS A CENTRALIZED COLLECTION AND ADMINSTRATION AGENCY FOR VARIOUS LOCALS WITHIN THE GREATER OHIO AND MICHIGAN AREAS.

Program Service Accomplishments

Program 1

ASSIST IN THE ADMINISTRATION OF FRINGE BENEFIT AND UNION OR INDUSTRY FUNDS ESTABLISHED BY COLLECTIVE BARGAINING AGREEMENTS AND RECEIVES MONEY AND REPORTS FROM EMPLOYERS, ACCUMULATES AND DISBURSES...

ASSIST IN THE ADMINISTRATION OF FRINGE BENEFIT AND UNION OR INDUSTRY FUNDS ESTABLISHED BY COLLECTIVE BARGAINING AGREEMENTS AND RECEIVES MONEY AND REPORTS FROM EMPLOYERS, ACCUMULATES AND DISBURSES THOSE MONIES TO THE APPROPRIATE FRINGE BENEFIT, UNION OR INDUSTRY FUNDS, AND DOES RECORD KEEPING AND OTHER ADMINISTRATIVE SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,859,118

Investment Income $19,338

Other Revenue $0

TOTAL REVENUE $8,878,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $8,848,039

TOTAL EXPENSES $8,848,039

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,878,456	$8,436,748	+0.1%
Expenses	$8,848,039	$8,436,307	+0.0%
Net Income	$30,417	$441	+68.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN GALLAGHER	TRUSTEE	1.00	Director	$0	$0	$0
JASON WALDEN	TRUSTEE	1.00	Director	$0	$0	$0
CODY HILLIARD	TRUSTEE	1.00	Director	$0	$0	$0
GARY GULU	TRUSTEE	1.00	Director	$0	$0	$0
MIKE DEATON	TRUSTEE	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	$8,878,456	$8,848,039	$278,287	$30,417
2023	$8,436,748	$8,436,307	$259,863	$441
2022	$8,765,987	$8,751,414	$235,859	$14,573
2021	$7,987,823	$7,970,527	$230,070	$17,296
2020	$7,331,914	$7,315,460	$204,917	$16,454
2019	$6,712,747	$6,697,846	$158,861	$14,901
2018	$6,492,890	$6,479,500	$731,048	$13,390