ALLOY DEVELOPMENT CO INC (EIN 311061640) - 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

1983

Legal Domicile

Principal Officer

PATRICK N LONGO

Phone

5136318292

Tax Period

2023-10-01 to 2024-09-30

ALLOY DEVELOPMENT CO INC, founded in 1983, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year.

Mission

PROMOTION OF ECONOMIC DEVELOPMENT IN HAMILTON COUNTY, THE GREATER CINCINNATI AREA, AND STATE OF OHIO.

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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 $2,905,939

Program Service Revenue $2,301,201

Investment Income $49,315

Other Revenue $587

TOTAL REVENUE $5,257,042

Expense Breakdown

Grants Paid $1,264,336

Salaries & Benefits $2,858,181

Fundraising Expenses $112,103

Program Expenses $4,096,153

Other Expenses $994,843

TOTAL EXPENSES $5,117,360

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,257,042	$6,538,933	-0.2%
Expenses	$5,117,360	$6,358,662	-0.2%
Net Income	$139,682	$180,271	-0.2%

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

$1,014,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON SIMMONS	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BRENDAN BURNS	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
DANIEL GEEDING	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JACK WYANT	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JOE RICKARD	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JOHN STIEGER	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
KYLA WOODS	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MARKIEA CARTER	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MICHA MEYER	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
LAURENCE JONES III	CHAIR, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
THOMAS SAELINGER	VICE CHAIR, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
LISA HINTON	TREASURER, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
LISA DIEDRICHS	SECRETARY, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
PATRICK LONGO	PRESIDENT	27.00	Officer	$231,332	$48,933	$280,265
HARRY BLANTON	SENIOR VP, ECONOMIC DEVELOPMENT	40.00	Officer	$185,124	$17,855	$202,979
CATHERINE FITZGERALD	VICE PRESIDENT, ECONOMIC DEVELOPMENT	40.00	Officer	$136,579	$33,686	$170,265
JONATHAN MAIN	VICE PRESIDENT, COMMERCIAL CAPITAL	40.00	Officer	$149,147	$44,563	$193,710
KRISTI REYNEK	SENIOR VP, FINANCE & HUMAN RESOURCES	27.00	Officer	$137,427	$29,804	$167,231
DANIEL FERGUSON	INDUSTRIAL DEVELOPMENT PROJECT MANAGER	40.00	Highest	$102,773	$40,957	$143,730
AMANDA FORSEE	LOAN OFFICER	40.00	Highest	$110,712	$14,126	$124,838
JEFF HASAPIS	SENIOR CREDIT MANAGER	40.00	Highest	$119,059	$7,592	$126,651
ROB HASKINS	LOAN OFFICER	40.00	Highest	$148,441	$14,191	$162,632

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	$5,257,042	$5,117,360	$6,429,399	$139,682
2023	$6,538,933	$6,358,662	$5,924,123	$180,271
2022	$10,336,501	$10,171,411	$5,524,994	$165,090
2021	$7,810,614	$7,549,387	$4,726,609	$261,227
2020	$4,889,778	$4,925,553	$4,609,721	$-35,775
2019	$3,151,795	$3,127,567	$4,634,089	$24,228
2018	$3,154,851	$3,280,426	$4,697,164	$-125,575

ALLOY DEVELOPMENT CO INC