Ohio Minority Supplier Development Council

EIN: 311022688 501(c)(3) Community Improvement

Columbus, OH

Total Revenue
$1,324,531
Total Expenses
$1,270,663
Total Assets
$713,698
Net Assets
$611,739
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
OH
Principal Officer
George R Simms
Tax Period
2023-01-01 to 2023-12-31

Ohio Minority Supplier Development Council, founded in 1972, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 4% surplus.

Mission

To coordinate efforts of corporations in the State of Ohio to increase the amount of purchases of goods and services from minority owned companies; to provide educational, managerial and technical assistance to minority companies.

Program Service Accomplishments

Program 1
Expenses: $789,723 Revenue: $1,324,531

They certify business enterprises as minority enterprises. They coordinate efforts of corporations in the Ohio area to increase the amount of purchases of goods and services from minority owned...

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They certify business enterprises as minority enterprises. They coordinate efforts of corporations in the Ohio area to increase the amount of purchases of goods and services from minority owned companies. To provide educational, managerial and technical assistance to minority companies. To serve as a link between the corporate buying sector and the minority business community.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $996,785
Program Service Revenue $320,392
Investment Income $0
Other Revenue $7,354
TOTAL REVENUE $1,324,531

Expense Breakdown

Grants Paid $0
Salaries & Benefits $681,402
Fundraising Expenses $0
Program Expenses $789,723
Other Expenses $589,261
TOTAL EXPENSES $1,270,663

Year-over-Year Comparison

2023 2022 Change
Revenue $1,324,531 $1,055,161 +0.3%
Expenses $1,270,663 $1,047,186 +0.2%
Net Income $53,868 $7,975 +5.8%
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

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Governance

Voting Members
23
Independent Members
23
Employees
6
Volunteers
6

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
4
$150,720
Total Directors
23
$150,720
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George R Simms PresidentCEO 1.00
Officer Director
$150,720 $0 $150,720
Carl Satterwhite Cin MBEIC President 1.00
Director
$0 $0 $0
Jonathan D Mitchell Trustee 1.00
Director
$0 $0 $0
Carlton Dean III Columbus MBEIC Vice Chair 1.00
Director
$0 $0 $0
Adrian Taylor Trustee 1.00
Director
$0 $0 $0
Milton McIntyre Trustee 1.00
Director
$0 $0 $0
April Tyler Trustee 1.00
Director
$0 $0 $0
Thomas J Winston Trustee 1.00
Director
$0 $0 $0
Hazana Rivers Trustee 1.00
Director
$0 $0 $0
Yolanda Ortiz-Parker Trustee 1.00
Director
$0 $0 $0
Shannon Puhl Trustee 1.00
Director
$0 $0 $0
Christopher Che MBEIC Chair 1.00
Director
$0 $0 $0
Carla Cobb Trustee 1.00
Director
$0 $0 $0
Mark Cunningham Trusteee 1.00
Director
$0 $0 $0
Felica Clark Trustee 1.00
Director
$0 $0 $0
Clifford A Bailey Trustee 40.00
Director
$0 $0 $0
Stephanie Burton Trustee 1.00
Director
$0 $0 $0
Jonathan Dawkins Trustee 1.00
Director
$0 $0 $0
Kim Martinez-Giering Cle MBEIC Vice Chair 1.00
Director
$0 $0 $0
Berlon Hamilton Trustee 1.00
Director
$0 $0 $0
Jilson R Daniels Treasurer 1.00
Officer Director
$0 $0 $0
Tasha M Wood Secretary 1.00
Officer Director
$0 $0 $0
Abigail Kofete Chair 1.00
Officer 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 $1,324,531 $1,270,663 $713,698 $53,868
2022 $1,055,161 $1,047,186 $599,846 $7,975
2021 $1,151,155 $1,047,186 $591,871 $103,969
2020 $1,321,793 $1,068,675 $456,407 $253,118
2019 $1,497,276 $1,486,033 $105,835 $11,243
2018 $1,298,025 $1,236,394 $283,903 $61,631
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