ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE

EIN: 311145544 501(c)(3)

COLUMBUS, OH

Total Revenue
$16,450,425
Total Expenses
$16,231,478
Total Assets
$77,992,000
Net Assets
$17,858,469
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
OH
Principal Officer
INNA KINNEY
Phone
6145590115
Tax Period
2024-07-01 to 2025-06-30

ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE, founded in 1985, is a mid-sized nonprofit that reported $16.5M in total revenue in fiscal year 2024.

Mission

THE MISSION OF ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE (ECDI) IS TO INVEST IN PEOPLE TO CREATE MEASURABLE AND ENDURING SOCIAL AND ECONOMIC CHANGE. ECDI ACCOMPLISHES ITS MISSION THROUGH SMALL BUSINESS LENDING AND DEVELOPMENT SERVICES.

Program Service Accomplishments

Program 1
Expenses: $7,392,314 Revenue: $1,989,357

ECDI PROVIDES SMALL BUSINESS DEVELOPMENT SERVICES INCLUDING ONE-ON-ONE TECHNICAL ASSISTANCE, BUSINESS DEVELOPMENT TRAINING, AND SECTOR-SPECIFIC BUSINESS INCUBATION PROGRAMS. ECDI IS THE HOST OF FOUR...

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ECDI PROVIDES SMALL BUSINESS DEVELOPMENT SERVICES INCLUDING ONE-ON-ONE TECHNICAL ASSISTANCE, BUSINESS DEVELOPMENT TRAINING, AND SECTOR-SPECIFIC BUSINESS INCUBATION PROGRAMS. ECDI IS THE HOST OF FOUR SBA WOMEN'S BUSINESS CENTERS AND PROVIDES SERVICES ACROSS THE STATE OF OHIO AND PARTS OF WEST VIRGINIA, KENTUCKY, AND INDIANA, WITH OFFICES IN SEVEN CITIES.

Program 2
Expenses: $4,389,640 Revenue: $3,915,554

ECDI OFFERS RESPONSIBLE, AFFORDABLE SMALL BUSINESS LOANS RANGING FROM $750 TO $2 MILLION TO ENTREPRENEURS WHO MAY NOT QUALIFY FOR TRADITIONAL FINANCIAL INSTITUTION FINANCING. DURING FISCAL YEAR 2025...

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ECDI OFFERS RESPONSIBLE, AFFORDABLE SMALL BUSINESS LOANS RANGING FROM $750 TO $2 MILLION TO ENTREPRENEURS WHO MAY NOT QUALIFY FOR TRADITIONAL FINANCIAL INSTITUTION FINANCING. DURING FISCAL YEAR 2025, ECDI DISBURSED 1,021 LOANS TOTALING MORE THAN $18.5 MILLION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,323,768
Program Service Revenue $5,904,911
Investment Income $221,746
Other Revenue $0
TOTAL REVENUE $16,450,425

Expense Breakdown

Grants Paid $266,967
Salaries & Benefits $7,927,325
Fundraising Expenses $0
Program Expenses $11,781,954
Other Expenses $8,037,186
TOTAL EXPENSES $16,231,478

Year-over-Year Comparison

2024 2023 Change
Revenue $16,450,425 $15,309,878 +0.1%
Expenses $16,231,478 $13,447,130 +0.2%
Net Income $218,947 $1,862,748 -0.9%
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

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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
12
Independent Members
10
Employees
82
Volunteers
96

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
$693,580
Total Directors
12
$693,580
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
INNA KINNEY FOUNDER & CEO 40.00
Officer Director
$308,690 $8,895 $317,585
STEVEN FIREMAN PRESIDENT/SECRETARY 40.00
Officer Director
$359,334 $16,661 $375,995
DARREN CHERRY CHAIR/BOARD MEMBER 1.00
Officer Director
$0 $0 $0
JEFFREY BULLER TREASURER/BOARD MEMBER 1.00
Officer Director
$0 $0 $0
MAGARET FERENCE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN HRUSOVSKY II BOARD MEMBER 1.00
Director
$0 $0 $0
MATHEW GLOVER BOARD MEMBER 1.00
Director
$0 $0 $0
RODELL MCCULLOUGH BOARD MEMBER 1.00
Director
$0 $0 $0
CARRIE ROSENFELT BOARD MEMBER 1.00
Director
$0 $0 $0
ALICIA TOWNSEND BOARD MEMBER 1.00
Director
$0 $0 $0
TARA CAMPBELL BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFERY PATTER BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN BARRET VP OF FINANCIAL MANAGEMENT 40.00
Highest
$111,798 $6,839 $118,637
FONDA WILLIAMS CHIEF GOV'T AFFAIRS AND ECONOMIC DEVELOPMENT 40.00
Highest
$186,785 $10,286 $197,071
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 $16,450,425 $16,231,478 $77,992,000 $218,947
2024 No data No data No data No data
2023 $13,823,454 $12,852,039 $74,364,076 $971,415
2022 $19,971,101 $15,928,240 $78,355,876 $4,042,861
2021 $14,312,711 $9,415,089 $102,736,798 $4,897,622
2020 $8,599,424 $8,061,664 $30,695,385 $537,760
2019 $7,221,532 $6,661,409 $25,799,525 $560,123
2018 $5,663,894 $6,544,436 $25,905,699 $-880,542
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