OHIONET

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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

1977

Legal Domicile

Principal Officer

KATY B MATHUEWS

Phone

6144862966

Tax Period

2024-07-01 to 2025-06-30

OHIONET, founded in 1977, is a community nonprofit in the Education sector that reported $6.3M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $10.0M exceeded revenue, resulting in a 59% operating deficit.

Mission

MAINTAIN A LIBRARY NETWORK AND PROVIDE LIBRARY-RELATED PRODUCTS, SERVICES & INFORMATION FOR MEMBERS, PRIMARILY ACADEMIC, PUBLIC, SCHOOL AND SPECIAL LIBRARIES IN OHIO.

Program Service Accomplishments

Program 1

Expenses: $8,765,916 Revenue: $4,622,342

OHIONET PROVIDES MEMBERSHIP TO ACADEMIC, PUBLIC, SCHOOL AND SPECIAL LIBRARIES PRIMARILY IN OHIO. MEMBERS CAN LICENSE ELECTRONIC RESOURCES, PURCHASE SUPPLIES, AND RECEIVE PROFESSIONAL DEVELOPMENT...

OHIONET PROVIDES MEMBERSHIP TO ACADEMIC, PUBLIC, SCHOOL AND SPECIAL LIBRARIES PRIMARILY IN OHIO. MEMBERS CAN LICENSE ELECTRONIC RESOURCES, PURCHASE SUPPLIES, AND RECEIVE PROFESSIONAL DEVELOPMENT TRAINING.

Program 2

Expenses: $349,766 Revenue: $1,032,262

OHIONET PROVIDES LIBRARY SYSTEMS MANAGEMENT AND METADATA MANAGEMENT SERVICES ON A CONTRACTUAL BASIS TO SEVERAL SUBSETS OF MEMBERSHIP (SMALLER CONSORTIA).

Program 3

Expenses: $31,534 Revenue: $188,683

OHIONET PROVIDES PEOPLE-CENTERED CONSULTING SERVICES FOCUSED ON ORGANIZATIONAL DEVELOPMENT AND OPERATIONS, RESEARCH AND ANALYSIS, AND WORKFORCE DEVELOPMENT ON A CONTRATUAL-BASIS TO MEMBERS OF THE...

OHIONET PROVIDES PEOPLE-CENTERED CONSULTING SERVICES FOCUSED ON ORGANIZATIONAL DEVELOPMENT AND OPERATIONS, RESEARCH AND ANALYSIS, AND WORKFORCE DEVELOPMENT ON A CONTRATUAL-BASIS TO MEMBERS OF THE ORGANIZATION.

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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 $40,265

Program Service Revenue $5,840,674

Investment Income $411,141

Other Revenue $2,613

TOTAL REVENUE $6,294,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,290,732

Fundraising Expenses $0

Program Expenses $9,150,547

Other Expenses $8,748,712

TOTAL EXPENSES $10,039,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,294,693	$10,320,296	-0.4%
Expenses	$10,039,444	$9,499,796	+0.1%
Net Income	$-3,744,751	$820,500	-5.6%

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

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

$434,899

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CHRISTIAN-BUD	DIRECTOR	5.00	Director	$0	$0	$0
ANDREA CHRISTMAN ATKINSON	TREASURER	5.00	Officer Director	$0	$0	$0
ANASTATIA DIAMOND-ORTIZ	PAST CHAIR	5.00	Officer Director	$0	$0	$0
MOLLY LABADIE	CHAIR	5.00	Officer Director	$0	$0	$0
LORI Y LEE	SECRETARY	5.00	Officer Director	$0	$0	$0
JOEL MANTEY	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS ROBINSON-NKONGOLA	DIRECTOR	5.00	Director	$0	$0	$0
SUSI MILLER	DIRECTOR	5.00	Director	$0	$0	$0
CARLA SARRATT	DIRECTOR	5.00	Director	$0	$0	$0
KELLY SILWANI	DIRECTOR	5.00	Director	$0	$0	$0
SHANNON SIMPSON	VICE CHAIR	5.00	Director	$0	$0	$0
ELIZABETH ZEITZ	VICE CHAIR	5.00	Director	$0	$0	$0
KATY MATHUEWS	EXECUTIVE DIRECTOR/CEO	40.00	Officer	$61,442	$75	$61,517
HANNAH ROSEN	DIRECTOR, TECHNOLOGY SERVICES	40.00	Officer	$93,708	$21,384	$115,092
PETER M POLCYN	DIRECTOR, MEMBER SERVICES	40.00	Officer	$95,573	$23,769	$119,342
ANDREW WHITIS	INTERIM EXECUTIVE DIRECTOR/DIRECTOR, FINANCIAL OPS	40.00	Officer	$112,930	$26,018	$138,948

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
2025	$6,294,693	$10,039,444	$8,994,864	$-3,744,751
2024	No data	No data	No data	No data
2023	$8,549,248	$8,961,817	$9,537,661	$-412,569
2022	$8,653,205	$8,659,904	$9,473,014	$-6,699
2021	$8,856,375	$8,501,689	$9,925,461	$354,686
2020	$9,303,205	$9,067,977	$8,284,989	$235,228
2019	$8,460,913	$8,693,853	$8,685,460	$-232,940
2018	$9,113,869	$9,312,007	$9,394,348	$-198,138