ARC INDUSTRIES INC OF FRANKLIN COU… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

ROBERT GASTON

Phone

6144792522

Tax Period

2023-01-01 to 2023-12-31

ARC INDUSTRIES INC OF FRANKLIN COUNTY OHIO, founded in 1971, is a mid-sized nonprofit that reported $25.7M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $22.3M left a modest 13% surplus.

Mission

TRAINING AND EMPLOYMENT SERVICES FOR DEVELOPMENTALLY DISABLED ADULTS.

Program Service Accomplishments

Program 1

Expenses: $9,338,332 Revenue: $14,575,707

SERVED 644 PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITES IN ADULT DAY AND VOCATIONAL HABILITATION PROGRAMS TO INCREASE PROBLEM SOLVING SKILLS, PARTICIPATE IN COMMUNITY ACTIVITIES, INCLUDING RECREATIONAL AND LEISURE, AND DEVELOP AND MAINTAIN A MEANINGFUL SOCIAL LIFE AND AND MEET JOB EXPECTATIONS, EDUCATION TO MAINTAIN CURRENT SKILLS, AND ASSISTANCE TO INCREASE SOCIAL INTEGRATION USING NATURAL SUPPORTS AND COMMUNITY RESOURCES.

Program 2

Expenses: $7,666,007 Revenue: $9,585,758

SERVED 287 PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITES TO ALLOW INDIVIDUALS TO WORK WITH A SMALL GROUP OF OTHER PEOPLE WHILE LEARNING NEW SKILLS TO FIND EMPLOYMENT IN THE COMMUNITY.

Program 3

Expenses: $831,003 Revenue: $649,826

SERVED 418 PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN ONE-ON-ONE SERVICES THAT GATHER INFORMATION ABOUT A PERSON'S STRENGTHS, WEAKNESS, LIKES AND DISLIKES AND FACILITATES DEVELOPMENT OF WORK SKILLS, FINDING A JOB AND SUPPORTS ONCE THE PERSON IS IN THE JOB TO RETAIN THAT JOB.

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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 $1,176

Program Service Revenue $24,811,291

Investment Income $861,617

Other Revenue $0

TOTAL REVENUE $25,674,084

Expense Breakdown

Grants Paid $416,000

Salaries & Benefits $16,894,152

Fundraising Expenses $0

Program Expenses $17,835,342

Other Expenses $5,012,493

TOTAL EXPENSES $22,322,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,674,084	$36,162,359	-0.3%
Expenses	$22,322,645	$21,059,852	+0.1%
Net Income	$3,351,439	$15,102,507	-0.8%

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

397

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

$805,125

Total Directors

Key Employees

$209,035

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TENZIN ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT B BELZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SIERRA COOPER	BOARD MEMBER (ENTER 7/23)	1.00	Director	$0	$0	$0
CYNTHIA HENGELI	BOARD MEMBER	1.00	Director	$0	$0	$0
RAYMOND LAWTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY STURGESS-WHITE	BOARD MEMBER (ENTER 7/23)	1.00	Director	$0	$0	$0
SHARON WARE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN HEPLER	SECRETARY	1.00	Officer Director	$0	$0	$0
GERALD GUY	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT GASTON	CHIEF EXECUTIVE OFFICER	39.00	Officer	$276,851	$19,943	$296,794
ANTHONY HARTLEY	CHIEF FINANCIAL OFFICER	39.00	Officer	$222,940	$16,120	$239,060
LINDA MONROE	CHIEF MISSION OFFICER	40.00	Officer	$122,451	$11,831	$134,282
JACQUELINE CAREY	CHIEF PEOPLE OFFICER	40.00	Officer	$108,235	$26,754	$134,989
AMANDA SMITH	CHIEF PROGRAM OFFICER	40.00	Key Emp	$168,341	$40,694	$209,035
DOUGLAS MEIER	COMMUNITY SERVICES MANAGER	40.00	Highest	$100,667	$0	$100,667
KIMBERLY FERRELL	DIRECTOR OF NURSING	40.00	Highest	$107,000	$16,528	$123,528
KENNETH HUGHES	DIRECTOR OF ADULT PROGRAM EXPERIENCE	40.00	Highest	$121,749	$11,881	$133,630
KAREN MILLS	DIRECTOR OF ADULT SERVICES IN ADS	40.00	Highest	$114,953	$23,683	$138,636
KURT SCHMITTER DIRECTOR OF	EMPLOYMENT SVC-CENTRAL HOUSEKEEPING	40.00	Highest	$119,196	$13,380	$132,576

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	No data	No data	No data	No data
2023	$25,674,084	$22,322,645	$65,478,665	$3,351,439
2022	$36,162,359	$21,059,852	$59,308,464	$15,102,507
2021	$33,720,416	$20,907,723	$52,265,161	$12,812,693
2020	$36,053,064	$31,467,873	$36,683,155	$4,585,191
2019	$42,948,310	$39,525,626	$25,508,204	$3,422,684
2018	$10,860,491	$9,964,864	$17,682,199	$895,627

ARC INDUSTRIES INC OF FRANKLIN COUNTY OHIO