LICKING COUNTY FOUNDATION INC

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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

1956

Legal Domicile

Principal Officer

MIKE SCHMIDT

Phone

7403493863

Tax Period

2024-01-01 to 2024-12-31

LICKING COUNTY FOUNDATION INC, founded in 1956, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $44.6M in total revenue in fiscal year 2024. Revenue surged 208% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36.9M, a strong 83% operating margin.

Mission

THE MISSION OF LICKING COUNTY FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE FOR ALL CITIZENS OF LICKING COUNTY AND TO DISTRIBUTE EARNINGS FROM PERMANENT CHARITABLE ASSETS TO BENEFIT THE ENTIRE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $6,606,111 Revenue: $49,276

LICKING COUNTY FOUNDATION IS A PUBLIC CHARITABLE ORGANIZATION MADE UP OF A DIVERSE COLLECTION OF FUNDS GIVEN BY CARING INDIVIDUALS, BUSINESSES, AND ORGANIZATIONS THAT HAVE A COMMON CONCERN FOR THE...

LICKING COUNTY FOUNDATION IS A PUBLIC CHARITABLE ORGANIZATION MADE UP OF A DIVERSE COLLECTION OF FUNDS GIVEN BY CARING INDIVIDUALS, BUSINESSES, AND ORGANIZATIONS THAT HAVE A COMMON CONCERN FOR THE WELL-BEING OF THE PEOPLE OF LICKING COUNTY. DISTRIBUTIONS FROM THESE FUNDS MAINTAIN AND ENHANCE THE EDUCATIONAL, SOCIAL, CULTURAL, HEALTH AND CIVIC RESOURCES OF THE COMMUNITY THROUGH SUPPORT OF QUALIFIED CHARITABLE ORGANIZATIONS.

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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 $10,457,926

Program Service Revenue $31,752

Investment Income $34,094,142

Other Revenue $17,524

TOTAL REVENUE $44,601,344

Expense Breakdown

Grants Paid $5,891,045

Salaries & Benefits $785,856

Fundraising Expenses $394,847

Program Expenses $6,606,111

Other Expenses $1,001,246

TOTAL EXPENSES $7,678,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,601,344	$14,477,404	+2.1%
Expenses	$7,678,147	$6,145,595	+0.2%
Net Income	$36,923,197	$8,331,809	+3.4%

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

135

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

$284,709

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY INGOLD	CHAIR	2.00	Officer Director	$0	$0	$0
WARREN WEBER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOAN FRANKS	SECRETARY & TREASURER	2.00	Officer Director	$0	$0	$0
NOBLE SNOW	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
KIM COPLIN	DIRECTOR	1.00	Director	$0	$0	$0
DOUG FELLER	DIRECTOR	1.00	Director	$0	$0	$0
CHASE GHILONI	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW GUANCIALE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HAYES	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH KOHMAN	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA MENZER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT O'NEILL	DIRECTOR	1.00	Director	$0	$0	$0
JEANETTA PYLE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WHITEHEAD	DIRECTOR	1.00	Director	$0	$0	$0
DEAN BUSACK	VP OF FINANCE & OPERATIONS	40.00	Officer	$115,800	$6,867	$122,667
MIKE SCHMIDT	PRESIDENT	40.00	Officer	$153,300	$8,742	$162,042

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	$44,601,344	$7,678,147	$163,592,336	$36,923,197
2023	$14,477,404	$6,145,595	$143,837,881	$8,331,809
2022	$12,252,968	$7,635,351	$127,535,526	$4,617,617
2021	$12,459,784	$5,859,132	$148,770,755	$6,600,652
2020	$5,181,823	$5,110,329	$128,269,065	$71,494
2019	$7,828,057	$5,576,696	$114,094,276	$2,251,361
2018	$8,036,334	$4,654,510	$92,495,273	$3,381,824