THE NORTHERN CINCINNATI FOUNDATION

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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

ERIN SATZGER

Phone

5138745450

Tax Period

2023-01-01 to 2023-12-31

THE NORTHERN CINCINNATI FOUNDATION, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 40% operating margin.

Mission

TRANSFORMING GENEROSITY INTO IMPACT BY ENCOURAGING, SUPPORTING, AND FACILITATING PHILANTHROPY TO CREATE MORE VIBRANT COMMUNITIES IN NORTHERN CINCINNATI.

Program Service Accomplishments

Program 1

Expenses: $1,513,504 Revenue: $208,318

THE NORTHERN CINCINNATI FOUNDATION GRANTS OVER $1M ANNUALLY THROUGH SCHOLARSHIPS AND DONOR FUNDS TO SUPPORT LOCAL AND NATIONAL CHARITABLE CAUSES.

Program 2

Expenses: $50,000

THE NORTHERN CINCINNATI FOUNDATION GRANTS OVER $50,000 ANNUALLY THROUGH THE COMMUNITY GRANTS AND COMMUNITY SCHOLARSHIPS PROGRAMS. THE GRANT DOLLARS ARE RAISED THROUGH ANNUAL FUNDRAISING EFFORTS BY...

THE NORTHERN CINCINNATI FOUNDATION GRANTS OVER $50,000 ANNUALLY THROUGH THE COMMUNITY GRANTS AND COMMUNITY SCHOLARSHIPS PROGRAMS. THE GRANT DOLLARS ARE RAISED THROUGH ANNUAL FUNDRAISING EFFORTS BY THE FOUNDATION. 100% OF THE PROCEEDS ARE USED FOR GRANTING PURPOSES IN OUR COMMUNITIES.

Program 3

Expenses: $10,250

THE POWER OF THE PURSE (POP) FUND IS A WOMEN'S GIVING CIRCLE DEDICATED TO STRENGTHENING THE COMMUNITY BY PROVIDING GRANT FUNDS TO NON-PROFIT ORGANIZATIONS SERVING THE INTERESTS OF WOMEN & CHILDREN...

THE POWER OF THE PURSE (POP) FUND IS A WOMEN'S GIVING CIRCLE DEDICATED TO STRENGTHENING THE COMMUNITY BY PROVIDING GRANT FUNDS TO NON-PROFIT ORGANIZATIONS SERVING THE INTERESTS OF WOMEN & CHILDREN. MEMBERS OF POP WORK TO EDUCATE AND INSPIRE OTHERS, AND PROMOTE PHILANTHROPY AMONG WOMEN IN OUR COMMUNITY. POWER OF THE PURSE ACCEPTS GRANT REQUESTS FOR NEW OR EXISTING PROJECTS THAT FOCUS ON MEETING THE BASIC NEEDS OF FOOD, SHELTER, OR HEALTH CARE FOR WOMEN OR CHILDREN IN OUR COMMUNITIES.

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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 $2,454,391

Program Service Revenue $208,318

Investment Income $768,802

Other Revenue $0

TOTAL REVENUE $3,431,511

Expense Breakdown

Grants Paid $1,449,240

Salaries & Benefits $277,615

Fundraising Expenses $265,169

Program Expenses $1,573,754

Other Expenses $345,223

TOTAL EXPENSES $2,072,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,431,511	$1,879,258	+0.8%
Expenses	$2,072,078	$2,245,297	-0.1%
Net Income	$1,359,433	$-366,039	-4.7%

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

$257,230

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN SATZGER	PRESIDENT & CEO	40.00	Officer	$133,000	$3,900	$136,900
KAREN GIBBS	VICE PRESIDENT	40.00	Officer	$68,000	$1,950	$69,950
NANCY FISTER	VICE PRESIDENT OF FINANCE	20.00	Officer	$49,000	$1,380	$50,380
JEANNE BRAUNS	BOARD MEMBER	0.50	Director	$0	$0	$0
BEN HELWIG	BOARD MEMBER	0.50	Director	$0	$0	$0
KRIS TITKO	BOARD MEMBER	0.50	Director	$0	$0	$0
GAIL JACKSON-MILLER	BOARD MEMBER	0.50	Director	$0	$0	$0
RAY MURRAY	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM SCHUMACKER	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROL RUSSELL	BOARD MEMBER	0.50	Director	$0	$0	$0
SETH PRIESTLE	BOARD MEMBER	0.50	Director	$0	$0	$0
DAN BENHASE	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
DAVE BRUNO	BOARD VICE CHAIR	0.50	Officer Director	$0	$0	$0
NICK ENGER	BOARD TREASURER	0.50	Officer Director	$0	$0	$0
IAN MURRAY	BOARD SECRETARY	0.50	Officer 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	$3,431,511	$2,072,078	$24,900,377	$1,359,433
2022	$1,879,258	$2,245,297	$21,388,644	$-366,039
2021	$6,044,132	$3,127,898	$25,114,822	$2,916,234
2020	$4,792,831	$2,197,170	$21,107,094	$2,595,661
2019	$3,188,663	$1,665,900	$17,748,016	$1,522,763
2018	$3,276,000	$1,664,567	$14,641,669	$1,611,433