HAMILTON COUNTY BUSINESS CENTER 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

1989

Legal Domicile

Principal Officer

PATRICK N LONGO

Phone

5136318292

Tax Period

2024-10-01 to 2025-09-30

HAMILTON COUNTY BUSINESS CENTER INC, founded in 1989, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 6% surplus.

Mission

PROMOTION OF ECONOMIC AND ENTREPRENEURIAL DEVELOPMENT IN THE STATE OF OHIO.

Program Service Accomplishments

Program 1

Expenses: $1,719,402 Revenue: $827,463

PROVIDES BUSINESS INCUBATION AND OUTREACH SERVICES TO EARLY STAGE, INNOVATIVE BUSINESSES IN THE SOUTHWEST OHIO MARKETPLACE VIA BUSINESS COACHING, ACCESS TO MENTORING, ACCESS TO CAPITAL, PROGRAMMING, CONNECTIONS, AND AN ENTREPRENEURIALLY CONDUCIVE ENVIRONMENT. THE PROGRAM MAINTAINS A MIXED USE FACILITY THAT PROVIDES OVER 72,000 SQUARE FEET OF START UP SPACE.

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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 $998,304

Program Service Revenue $238,783

Investment Income $1,006

Other Revenue $588,680

TOTAL REVENUE $1,826,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $455,000

Fundraising Expenses $0

Program Expenses $1,719,402

Other Expenses $1,264,402

TOTAL EXPENSES $1,719,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,826,773	$1,395,639	+0.3%
Expenses	$1,719,402	$1,672,296	+0.0%
Net Income	$107,371	$-276,657	-1.4%

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

N/A

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

$623,148

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	13.00	Officer	$75,853	$49,736	$283,132
KRISTI REYNEK	SENIOR VP, FINANCE & HUMAN RESOURCES	13.00	Officer	$48,924	$31,068	$181,605
ANTHONY SEPPI	VICE PRESIDENT, GROWTH LAB	40.00	Officer	$121,100	$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	$1,826,773	$1,719,402	$710,301	$107,371
2024	No data	No data	No data	No data
2023	$1,287,131	$1,475,840	$896,276	$-188,709
2022	$1,243,578	$1,228,233	$1,060,683	$15,345
2021	$1,184,804	$1,276,494	$1,247,337	$-91,690
2020	$1,355,453	$1,361,520	$1,192,026	$-6,067
2019	$1,478,042	$1,394,703	$1,204,055	$83,339
2018	$1,453,645	$1,300,952	$1,098,434	$152,693