WHETSTONE INDUSTRIES INC

EIN: 311062984 501(c)(3)

MOUNT GILEAD, OH

Total Revenue
$8,103
Total Expenses
$7,833
Total Assets
$90,995
Net Assets
$90,995
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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
1975
Legal Domicile
OH
Principal Officer
MATT GRIFFITH
Phone
4199479222
Tax Period
2022-01-01 to 2022-12-31

WHETSTONE INDUSTRIES INC, founded in 1975, is a micro nonprofit that reported $8K in total revenue in fiscal year 2022. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $8K left a modest 3% surplus.

Mission

PROVIDE SHELTER WORKSHOP (MCBDD)

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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 (2022)

Revenue Breakdown

Contributions & Grants $25
Program Service Revenue $8,078
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,103

Expense Breakdown

Grants Paid $0
Salaries & Benefits $625
Fundraising Expenses $0
Program Expenses $2,095
Other Expenses $7,208
TOTAL EXPENSES $7,833

Year-over-Year Comparison

2022 2021 Change
Revenue $8,103 $500,185 -1.0%
Expenses $7,833 $510,116 -1.0%
Net Income $270 $-9,931 -1.0%
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
6
Independent Members
6
Employees
9
Volunteers
N/A

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMMY GABRELCIK SECRETARY/TR N/A
Officer Director
$0 $0 $0
MATT GRIFFITH CHAIR N/A
Officer Director
$0 $0 $0
PAUL HINKLE MEMBER N/A
Director
$0 $0 $0
CASEY POLLOCK MEMBER N/A
Director
$0 $0 $0
DR BRENT WINAND VICE CHAIR N/A
Officer Director
$0 $0 $0
GLEN ZUCKER MEMBER N/A
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
2022 $8,103 $7,833 $90,995 $270
2021 $500,185 $510,116 $90,725 $-9,931
2020 $482,278 $490,738 $100,693 $-8,460
2019 $546,042 $548,433 $110,867 $-2,391
2018 $713,885 $717,665 $112,197 $-3,780
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