CONWAY CENTER FOR FAMILY BUSINESS

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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

1998

Legal Domicile

Principal Officer

BEATRICE WOLPER

Phone

6143346129

Tax Period

2023-01-01 to 2023-12-31

CONWAY CENTER FOR FAMILY BUSINESS, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $516K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103K, a strong 20% operating margin.

Mission

TO PROVIDE EDUCATIONAL PROGRAMS TO HELP FAMILY BUSINESSES CONTINUE TO BE SUCCESSFUL AND TRANSITION TO THE NEXT GENERATION; TO CELEBRATE ACCOMPLISHMENTS OF OUTSTANDING FAMILY BUSINESSES AND INCREASE AWARENESS OF THE POSITIVE IMPACT FAMILY BUSINESSES HAVE ON THE CENTRAL OHIO COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $218,369 Revenue: $11,500

EDUCATION SEMINARS FOR FAMILY BUSINESSES

Program 2

Expenses: $107,199 Revenue: $64,687

MONTHLY EDUCATIONAL DISCUSSIONS BY MEMBERS AND SERVICE PROVIDERS

Program 3

Expenses: $71,465 Revenue: $57,675

ANNUAL AWARDS BANQUETS TO RECOGNIZE AND HONOR EXEMPLARY ACCOMPLISHMENTS OF LOCAL FAMILY OWNED BUSINESSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $313,929

Program Service Revenue $133,862

Investment Income $51,107

Other Revenue $17,212

TOTAL REVENUE $516,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,191

Fundraising Expenses $0

Program Expenses $397,033

Other Expenses $200,109

TOTAL EXPENSES $413,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$516,110	$344,969	+0.5%
Expenses	$413,300	$412,358	+0.0%
Net Income	$102,810	$-67,389	-2.5%

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

$2,250

Total Directors

$103,882

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL HOFMANS	EXECUTIVE DI	40.00	Director	$101,632	$0	$101,632
BEATRICE WOLPER	PRESIDENT	3.00	Officer Director	$2,250	$0	$2,250
STEVE CONWAY	TRUSTEE	1.00	Director	$0	$0	$0
KEN HEIBERGER	TRUSTEE	1.00	Director	$0	$0	$0
KAREN HOCKSTAD	SECRETARY, T	1.00	Officer Director	$0	$0	$0
MICHAEL SCHOEDINGER	TRUSTEE	1.00	Director	$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	$516,110	$413,300	$1,581,913	$102,810
2022	$344,969	$412,358	$1,399,016	$-67,389
2021	$441,828	$288,802	$1,655,135	$153,026
2020	$283,999	$310,772	$1,325,754	$-26,773
2019	$367,840	$339,209	$1,287,885	$28,631
2018	$366,563	$376,092	$1,105,067	$-9,529