REV1 VENTURES

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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

1999

Legal Domicile

Principal Officer

TOM WALKER

Phone

6144873700

Tax Period

2023-01-01 to 2023-12-31

REV1 VENTURES, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $11.1M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Net assets of $29.1M represent 32 months of operating reserves.

Mission

WE HELP ENTREPRENEURS OF CENTRAL OHIO TECH START-UPS BUILD GREAT COMPANIES THROUGH OUR UNIQUE VENTURE DEVELOPMENT SERVICES, BUSINESS INCUBATOR AND CAPITAL ATTRACTION.

Program Service Accomplishments

Program 1

Expenses: $8,013,322 Revenue: $1,619,485

STARTUP STUDIO- REV1 SUPPORTS START-UPS THROUGH THE FIRST EXPERTS LEADS AN ONGOING, DATA-DRIVEN PROCESS THAT ENSURES ENTREPRENEURS DEVELOP PRODUCTS PEOPLE WANT AND COMPANIES PEOPLE NEED. TOP 10 UBI INCUBATOR, OFFERING TECHNICALLY FOCUSED ENTREPRENEURS FLEXIBLE OFFICE AND LAB SPACE TO HELP START THEIR COMPANIES ALONG SIDE THE REV1 TEAM OF ADVISORY EXPERTS.

Program 2

Expenses: $2,073,122 Revenue: $1,778,762

FUND MANAGEMENT- REV1'S INVESTMENT TEAM HANDLES THE INTAKE, VETTING AND INVESTMENT DUE DILIGENCE FOR MULTIPLE INVESTMENT FUNDS TARGETING A BROAD RANGE OF HIGH-GROWTH TECH STARTUPS, INCLUDING IT AND HEALTH IT, BIOSCIENCES, ADVANCED MATERIALS, AGRIBUSINESS, AND ADVANCED AND ALTERNATIVE ENERGY. REV1 ALSO HANDLES THE DAILY ACCOUNTING AND COORDINATES ANNUAL TAX RETURNS.

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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 $7,638,316

Program Service Revenue $3,398,247

Investment Income $57,327

Other Revenue $0

TOTAL REVENUE $11,093,890

Expense Breakdown

Grants Paid $578,000

Salaries & Benefits $5,556,651

Fundraising Expenses $0

Program Expenses $10,086,444

Other Expenses $5,255,256

TOTAL EXPENSES $11,389,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,093,890	$12,957,997	-0.1%
Expenses	$11,389,907	$12,233,760	-0.1%
Net Income	$-296,017	$724,237	-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

Volunteers

N/A

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

$2,402,094

Total Directors

$780,467

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM WALKER	CEO & PRESIDENT	40.00	Officer Director	$740,000	$40,467	$780,467
DAVE DENNIS	DIRECTOR	0.00	Director	$0	$0	$0
STEPHANIE FORTENER	DIRECTOR	0.00	Director	$0	$0	$0
CHETAN KANDHARI	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL LUH	DIRECTOR	0.00	Director	$0	$0	$0
DAVID MEUSE	DIRECTOR	0.00	Director	$0	$0	$0
PETER MOHLER	DIRECTOR	0.00	Director	$0	$0	$0
TERRENCE ODONNELL	DIRECTOR	0.00	Director	$0	$0	$0
MATTHEW ORR	DIRECTOR	0.00	Director	$0	$0	$0
MIKE PAPADAKIS	DIRECTOR	0.00	Director	$0	$0	$0
TIMOTHY ROBINSON	DIRECTOR	0.00	Director	$0	$0	$0
SHAUN YOUNG	DIRECTOR	0.00	Director	$0	$0	$0
KIM ZAVISLAK	DIRECTOR	0.00	Director	$0	$0	$0
SUE ZAZON	TREASURER	0.00	Officer Director	$0	$0	$0
KRISTY CAMPBELL	EVP, CHIEF OPERATIONS OFFICER	40.00	Officer	$308,948	$12,475	$321,423
RYAN HELON	EVP, INVESTMENT FUNDS	40.00	Officer	$283,948	$42,654	$326,602
DAVID DILLMAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$295,184	$43,076	$338,260
WAYNE EMBREE	EVP, INVESTMENTS & VENTURE ACCELERATION	40.00	Officer	$287,205	$31,212	$318,417
JULIA DEWEY	VICE PRESIDENT, CORPORATE PARTNERSHIPS	40.00	Officer	$203,723	$8,266	$211,989
MIKE MCCANN	CHIEF BUSINESS DEVEL OFFICER TO 5/23	40.00	Officer	$100,854	$4,082	$104,936
MATT CYNKAR	MANAGING DIRECTOR, MARKET INTELLIGENCE	40.00	Highest	$190,085	$17,201	$207,286
ANDREA O'CARROLL	MANAGING DIRECTOR, CORPORATE PARTNERSHIPS	40.00	Highest	$185,667	$36,944	$222,611
SARA RISCH	MANAGING DIRECTOR, VENTURE DEVELOPMENT	40.00	Highest	$177,112	$5,567	$182,679
ALICA ODDI	MANAGING DIRECTOR, ENTREPRENEUR PROGRAMS	40.00	Highest	$177,321	$32,736	$210,057
MELINDA GLORIOSA	MANAGING DIRECTOR, INVESTMENTS	40.00	Highest	$166,589	$4,932	$171,521

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	$11,093,890	$11,389,907	$30,782,227	$-296,017
2022	$12,957,997	$12,233,760	$26,835,719	$724,237
2021	$11,835,439	$9,746,521	$26,327,627	$2,088,918
2020	$10,381,705	$8,999,207	$21,187,153	$1,382,498
2019	$14,146,660	$9,944,740	$19,464,806	$4,201,920
2018	$9,903,165	$9,314,200	$14,222,234	$588,965