Westerville Industry and Commerce Corpor

EIN: 311083219 501(c)(3) Community Improvement

Westerville, OH

Total Revenue
$9,308,323
Total Expenses
$350,773
Total Assets
$10,193,036
Net Assets
$10,193,036
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
OH
Principal Officer
Janet Davis
Phone
6149016409
Tax Period
2023-01-01 to 2023-12-31

Westerville Industry and Commerce Corpor, founded in 1965, is a community nonprofit in the Community Improvement sector that reported $9.3M in total revenue in fiscal year 2023. Revenue surged 18559% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.0M, a strong 96% operating margin.

Mission

To advance, encourage and promote industrial, economic, commercial and civic development of the City of Westerville and Blendon, Sharon, Orange and Genoa Townships by such means as will improve the normal growth, employment opportunities, stability of employment in existing industry, advancement of the industrial and commercial life of the community and to stabilize the general economy of the area.

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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 $9,269,540
Program Service Revenue $10
Investment Income $38,773
Other Revenue $0
TOTAL REVENUE $9,308,323

Expense Breakdown

Grants Paid $294,122
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $294,122
Other Expenses $56,651
TOTAL EXPENSES $350,773

Year-over-Year Comparison

2023 2022 Change
Revenue $9,308,323 $49,886 +185.6%
Expenses $350,773 $135,498 +1.6%
Net Income $8,957,550 $-85,612 -105.6%
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
7
Independent Members
7
Employees
N/A
Volunteers
9

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Janet Davis Chairperson 1.00
Officer Director
$0 $0 $0
Dennis Blair Trustee 1.00
Director
$0 $0 $0
Karl Craven ViceChairperson 1.00
Officer Director
$0 $0 $0
Michael Swartz Trustee 1.00
Director
$0 $0 $0
Bruce Bailey Trustee 1.00
Director
$0 $0 $0
Rick Rano Trustee 1.00
Director
$0 $0 $0
Monica Irelan Trustee 1.00
Director
$0 $0 $0
Jason Bechtold Treasurer 1.00
Officer
$0 $0 $0
Rob Rishel Secretary 1.00
Officer
$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 $9,308,323 $350,773 $10,193,036 $8,957,550
2022 $49,886 $135,498 $1,235,486 $-85,612
2021 $672,959 $528,096 $1,321,098 $144,863
2020 $825,254 $1,098,857 $1,176,235 $-273,603
2019 $416,348 $451,167 $1,458,346 $-34,819
2018 $877,863 $607,081 $1,524,070 $270,782
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