ALLOY DEVELOPMENT CO INC

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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

2024-10-01 to 2025-09-30

ALLOY DEVELOPMENT CO INC, founded in 1983, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $4.4M left a modest 10% surplus.

Mission

SERVE AS A COMPREHENSIVE DRIVING FORCE PROMOTING ECONOMIC DEVELOPMENT IN HAMILTON COUNTY, GREATER CINCINNATI AND THE STATE OF OHIO.

Program Service Accomplishments

Program 1

Expenses: $1,650,769 Revenue: $149,649

THE ECONOMIC DEVELOPMENT DIVISION SERVES AS A COMPREHENSIVE ECONOMIC DEVELOPMENT ENTITY IN HAMILTON COUNTY. THE DIVISION SEEKS TO IMPROVE THE ECONOMIC WELL-BEING OF THE COMMUNITIES AND BUSINESSES IT...

Program 2

Expenses: $1,727,108 Revenue: $2,794,876

THE COMMERCIAL CAPITAL DIVISION ASSISTS BUSINESSES VIA THE U.S. SMALL BUSINESS ADMINISTRATION CERTIFIED DEVELOPMENT COMPANY LOAN PROGRAM AND THE OHIO REGIONAL 166 LOAN PROGRAM.

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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 $1,817,163

Program Service Revenue $2,342,529

Investment Income $75,440

Other Revenue $602,600

TOTAL REVENUE $4,837,732

Expense Breakdown

Grants Paid $51,230

Salaries & Benefits $3,269,160

Fundraising Expenses $108,795

Program Expenses $3,377,877

Other Expenses $1,046,821

TOTAL EXPENSES $4,367,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,837,732	$5,257,042	-0.1%
Expenses	$4,367,211	$5,117,360	-0.1%
Net Income	$470,521	$139,682	+2.4%

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

$1,059,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDAN BURNS	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
JOE RICKARD	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BRANDON SIMMONS	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JOHN STIEGER	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BRIAN TIBBS	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
KYLA WOODS	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JACK WYANT	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
LAURENCE F JONES III	CHAIR EMERITUS, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
THOMAS A SAELINGER	CHAIR, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
LISA HINTON	VICE CHAIR & TREASURER, BOARD OF DIR.	1.00	Officer Director	$0	$0	$0
LISA C DIEDRICHS	SECRETARY, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
PATRICK LONGO	PRESIDENT	27.00	Officer	$157,543	$49,736	$283,132
HARRY BLANTON	SENIOR VP, ECONOMIC DEVELOPMENT	40.00	Officer	$186,908	$18,530	$205,438
CATHERINE FITZGERALD	VICE PRESIDENT, ECONOMIC DEVELOPMENT	40.00	Officer	$142,897	$34,564	$177,461
JONATHAN MAIN	VICE PRESIDENT, COMMERCIAL CAPITAL	40.00	Officer	$166,340	$45,870	$212,210
KRISTI REYNEK	SENIOR VP, FINANCE & HUMAN RESOURCES	27.00	Officer	$101,613	$31,068	$181,605
KEVIN GOEHRING	LOAN OFFICER	40.00	Highest	$135,288	$3,486	$138,774
AMANDA FORSEE	LOAN OFFICER	40.00	Highest	$141,768	$19,987	$161,755
JEFF HASAPIS	SENIOR CREDIT MANAGER	40.00	Highest	$142,507	$8,606	$151,113
ROB HASKINS	LOAN OFFICER	40.00	Highest	$175,735	$18,282	$194,017
ANTHONY SEPPI	VICE PRESIDENT, GROWTH LAB	0.00	Highest	$0	$37,311	$158,411

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	$4,837,732	$4,367,211	$6,581,897	$470,521
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