NORTH MARKET DEVELOPMENT AUTHORITY INC

EIN: 311039842 501(c)(3) Arts, Culture & Humanities

COLUMBUS, OH

Total Revenue
$1,849,201
Total Expenses
$1,789,819
Total Assets
$3,415,058
Net Assets
$2,952,237
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
OH
Principal Officer
RICK HARRISON WOLFE
Phone
6144639664
Tax Period
2023-01-01 to 2023-12-31

NORTH MARKET DEVELOPMENT AUTHORITY INC, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 3% surplus.

Mission

TO PROVIDE AN AUTHENTIC CENTRAL OHIO EXPERIENCE THAT HIGHLIGHTS THE DIVERSITY AND VIBRANCY OF OUR COMMUNITY, BOTH ECONOMICALLY AND CULTURALLY BY PROMOTING AND INCUBATING "BEST-IN-CLASS" LOCAL, INDEPENDENT BUSINESSES.

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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 $792,671
Program Service Revenue $965,973
Investment Income $11,460
Other Revenue $79,097
TOTAL REVENUE $1,849,201

Expense Breakdown

Grants Paid $0
Salaries & Benefits $431,039
Fundraising Expenses $90,518
Program Expenses $1,305,401
Other Expenses $1,358,780
TOTAL EXPENSES $1,789,819

Year-over-Year Comparison

2023 2022 Change
Revenue $1,849,201 $1,462,913 +0.3%
Expenses $1,789,819 $1,351,018 +0.3%
Net Income $59,382 $111,895 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
12
Volunteers
30

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
5
$189,549
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE KAUFFMAN PRESIDENT 1.00
Officer Director
$0 $0 $0
RICK GRADY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CRAIG SHAPIRO TREASURER 1.00
Officer Director
$0 $0 $0
MELISSA DIETHELM SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID BABNER DIRECTOR 1.00
Director
$0 $0 $0
JERRY DEPIZZO DIRECTOR 1.00
Director
$0 $0 $0
GERI SUTTER DIRECTOR 1.00
Director
$0 $0 $0
KEN C PAUL MEMBER AT LARGE 1.00
Director
$0 $0 $0
ADRIENNE KEVES MEMBER AT LARGE 1.00
Director
$0 $0 $0
MIKE BEAUMONT MEMBER AT LARGE 1.00
Director
$0 $0 $0
BILLY CARDAMON MEMBER AT LARGE 1.00
Director
$0 $0 $0
MATTHEW ESBER MEMBER AT LARGE 1.00
Director
$0 $0 $0
NATE FISHER MEMBER AT LARGE 1.00
Director
$0 $0 $0
JERI GRIER MEMBER AT LARGE 1.00
Director
$0 $0 $0
MAC JOSEPH MEMBER AT LARGE 1.00
Director
$0 $0 $0
CATHY KING MEMBER AT LARGE 1.00
Director
$0 $0 $0
HARPS MANN MEMBER AT LARGE 1.00
Director
$0 $0 $0
LAUREN TOTH MEMBER AT LARGE 1.00
Director
$0 $0 $0
JAMEEL TURNER MEMBER AT LARGE 1.00
Director
$0 $0 $0
RICK HARRISON WOLFE EXECUTIVE DIRECTOR 20.00
Officer
$189,549 $0 $189,549
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 $1,849,201 $1,789,819 $3,415,058 $59,382
2022 $1,462,913 $1,351,018 $1,900,009 $111,895
2021 $1,443,142 $1,266,741 $1,782,332 $176,401
2020 $1,337,514 $1,125,443 $1,910,143 $212,071
2019 $1,425,667 $1,405,504 $1,489,040 $20,163
2018 $1,322,097 $1,241,189 $1,305,670 $80,908
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