DAYTONMIAMI VALLEY ENTREPRENEURS C… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

SCOTT KOORNDYK

Phone

9372810098

Tax Period

2024-01-01 to 2024-12-31

DAYTONMIAMI VALLEY ENTREPRENEURS CENTER, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $7.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE CENTER WILL USE ITS RESOURCES FOR INFORMATION SHARING AND MEMBER ASSISTANCE TO INCUBATE NEW ENTREPRENEURS WHO ARE TRYING TO ESTABLISH A PRESENCE IN THE MARKETPLACE. THE CENTER WILL RESEARCH, IDENTIFY, TEACH AND DISSEMINATE THE CRITICAL SKILLS VALUES THAT ENABLE ENTREPRENEURS TO SUCCEED. THE CENTER WILL FOSTER ECONOMIC DEVELOPMENT AND MAINTAIN A NETWORK OF OTHER SUCCESSFUL TECHNOLOGY-BASED ENTREPRENEURS FOR SELF-HELP AND PEER SUPPORT IN THE NINE COUNTY REGION. THE CENTER WILL ENCOURAGE OTHERS TO SUPPORT ENTREPRENEURSHIP.

Program Service Accomplishments

Program 1

Expenses: $6,600,955 Revenue: $789,962

THE CENTER USES RESOURCES FOR INFORMATION SHARING AND MEMBER ASSISTANCE TO INCUBATE MORE THAN 700 NEW ENTREPRENEURS TO STIMULATE EMPLOYMENT FOR THE SOCIAL WELFARE OF THE COMMUNITY.

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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 $6,894,690

Program Service Revenue $788,768

Investment Income $32,868

Other Revenue $1,194

TOTAL REVENUE $7,717,520

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $2,582,419

Fundraising Expenses $40,695

Program Expenses $6,600,955

Other Expenses $4,913,567

TOTAL EXPENSES $7,545,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,717,520	$7,117,047	+0.1%
Expenses	$7,545,986	$7,043,221	+0.1%
Net Income	$171,534	$73,826	+1.3%

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

$507,696

Total Directors

$507,696

Key Employees

$245,848

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT KOORNDYK	EC PRESIDENT	40.00	Officer Director	$278,782	$34,860	$313,642
ALAN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ERIK COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
JIM DANIS	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY DICKSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
AMIT GUPTA	DIRECTOR	1.00	Director	$0	$0	$0
DON HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
DR IBRAHIM KATAMPE	DIRECTOR	1.00	Director	$0	$0	$0
DR DAVID KIRSCHMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA KUNK	DIRECTOR	1.00	Director	$0	$0	$0
VINCE LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JAY NIGRO	DIRECTOR	1.00	Director	$0	$0	$0
DR LINDSEY REISER	DIRECTOR	1.00	Director	$0	$0	$0
MONTE SALSMAN	DIRECTOR	1.00	Director	$0	$0	$0
JAY SCHINDLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCHOEFF	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SILVERBERG	DIRECTOR	1.00	Director	$0	$0	$0
SABRA TOMB	DIRECTOR	1.00	Director	$0	$0	$0
SAM WARWAR	DIRECTOR	1.00	Director	$0	$0	$0
TODD BOLLENBACHER	DIRECTOR OF FINANCE	30.00	Officer Director	$194,054	$0	$194,054
CRAIG JENNINGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF KLANK	TREASURER	1.00	Officer Director	$0	$0	$0
DR MARY KINSELLA	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL JACKSON	V.P OF STRATEGIC PROGRAMS	40.00	Key Emp	$211,462	$34,386	$245,848
MICHAEL MCCANN	VP OF INNOVATION AND ENGAG	40.00	Highest	$206,375	$8,840	$215,215
JORDAN ROE	DIRECTOR OF VENTURE DEVELO	40.00	Highest	$110,180	$31,025	$141,205
KIMBERLY FRAZIER	DIRECTOR OF GROWTH INITIAT	40.00	Highest	$127,477	$14,796	$142,273

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	$7,717,520	$7,545,986	$4,265,026	$171,534
2023	$7,117,047	$7,043,221	$4,549,786	$73,826
2022	$5,517,965	$5,542,024	$3,765,130	$-24,059
2021	$5,542,266	$5,287,011	$1,732,141	$255,255
2020	$5,248,650	$5,271,048	$1,962,815	$-22,398
2019	$3,968,740	$4,140,458	$1,478,013	$-171,718
2018	$3,318,389	$3,348,558	$1,183,489	$-30,169

DAYTONMIAMI VALLEY ENTREPRENEURS CENTER