DAYTONMIAMI VALLEY ENTREPRENEURS CENTER

EIN: 311584047 501(c)(3) Community Improvement

DAYTON, OH

Total Revenue
$7,717,520
Total Expenses
$7,545,986
Total Assets
$4,265,026
Net Assets
$973,269
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
OH
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

TO BE A CATALYST FOR STIMULATING ENTREPRENEURIAL LEADERSHIP FROM ALL SECTORS OF THE REGIONAL COMMUNITY & INCUBATE NEW TECHNOLOGY BASED BUSINESS.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
22
Employees
26
Volunteers
50

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
5
$507,696
Total Directors
24
$507,696
Key Employees
1
$245,848
Highest Compensated
3
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
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