HEART OF OHIO TOLE INC (EIN 310924138) - 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

1976

Legal Domicile

Principal Officer

RACHEL WRIGHT BAILIS

Phone

6143948028

Tax Period

2023-01-01 to 2023-12-31

HEART OF OHIO TOLE INC, founded in 1976, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $37K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $89K exceeded revenue, resulting in a 144% operating deficit.

Mission

RAISE AND MAINTAIN A HIGH LEVEL OF QUALITY EDCUATION IN TOLE AND DECORATIVE PAINTING

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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 $6,750

Program Service Revenue $8,974

Investment Income $20,706

Other Revenue $86

TOTAL REVENUE $36,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,550

Other Expenses $89,098

TOTAL EXPENSES $89,098

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,516	$45,703	-0.2%
Expenses	$89,098	$87,142	+0.0%
Net Income	$-52,582	$-41,439	+0.3%

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
JANICE ARNOLD	PRESIDENT	2.00	Officer Director	$0	$0	$0
RACHEL WRIGHT BAILIS	TREASURER	3.00	Officer Director	$0	$0	$0
SUE DAVIS	RECORDING SE	N/A	Officer Director	$0	$0	$0
BETTY NEIMAN	CORREPONDING	N/A	Officer Director	$0	$0	$0
CAROLYN NIEMAN	TRUSTEE	N/A	Director	$0	$0	$0
DEBORAH STAUFFER	TRUSTEE	N/A	Director	$0	$0	$0
JOANNE STOGRAN	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
CHERYL YOUNG	TRUSTEE	N/A	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	No data	No data	No data	No data
2023	$36,516	$89,098	$608,348	$-52,582
2022	$45,703	$87,142	$611,976	$-41,439
2021	$48,221	$65,071	$754,588	$-16,850
2020	$34,290	$59,556	$753,291	$-25,266
2019	$325,794	$330,616	$757,150	$-4,822
2018	$277,448	$256,115	$711,346	$21,333

HEART OF OHIO TOLE INC