WESTERVILLE, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE OHIO FOUNDATION OF INDEPENDENT COLLEGES, founded in 1950, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2023. Expenses of $4.1M left a modest 6% surplus.
TO SOLICIT CONTRIBUTIONS FROM THE CORPORATE COMMUNITY AND PRIVATE FOUNDATIONS ON BEHALF OF 33 MEMBER-COLLEGE/UNIVERSITIES THAT SERVE NEARLY 80,000 STUDENTS. MEMBERS ARE NONPROFIT, PRIVATELY CONTROLLED, 4-YEAR COLLEGES/UNIVERSITIES CHARTERED BY THE STATE OF OHIO, ARE FULLY ACCREDITED BY HIGHER LEARNING COMMISSION, AND HAVE A CURRICULAR PROGRAM IN TRADITIONAL LIBERAL ARTS. CONTRIBUTIONS TO OFIC ARE DISTRIBUTED TO COLLEGES/UNIVERSITIES ANNUALLY AND PROVIDE TUITION ASSISTANCE AND OPERATIONAL SUPPORT. OFIC PROVIDES ITS DONORS WITH AN EFFICIENT MEANS TO SUPPORT INDEPENDENT HIGHER EDUCATION. OFIC ALSO PROVIDES PROGRAMS TO PROMOTE CORPORATE/INDEPENDENT HIGHER EDUCATION PARTNERSHIPS AND PROVIDES LEADERSHIP IN DEVELOPING EFFORTS THAT RESULT IN REDUCED COSTS AND IMPROVED BUSINESS PRACTICES FOR ITS MEMBERS.
ADMINISTER AND CARRY OUT SUCCESSFUL SCHOLARSHIP PROGRAMS - THE OHIO SCHOLARS PROGRAM AND SCHOLARSHIP MANAGEMENT RESOURCES - THAT PROVIDE CASH DISTRIBUTIONS TO COLLEGES AND UNIVERSITIES FOR STUDENT...
ADMINISTER AND CARRY OUT SUCCESSFUL SCHOLARSHIP PROGRAMS - THE OHIO SCHOLARS PROGRAM AND SCHOLARSHIP MANAGEMENT RESOURCES - THAT PROVIDE CASH DISTRIBUTIONS TO COLLEGES AND UNIVERSITIES FOR STUDENT SCHOLARSHIPS AND AWARDS. THESE FUNDS NOT ONLY PROVIDE FINANCIAL ASSISTANCE FOR STUDENTS, BUT ALSO OFFER OHIO'S BUSINESS AND INDUSTRY WITH AN OPPORTUNITY TO CULTIVATE FUTURE LEADERS AND EMPLOYEES. THESE DISTRIBUTIONS INCLUDE FINANCIAL AID AND SPECIAL PROGRAM GRANTS FOR COLLEGE CAMPUS ACTIVITIES. AS AN EXTENSION OF THIS PROGRAM, OFIC CONDUCTS ANNUAL JOB FAIRS - THE CAREERFEST AND THE ACCOUNTING CAREERFEST - PROGRAMS THAT ALLOW STUDENTS TO MEET AND INTERVIEW WITH OFIC DONOR COMPANIES AND OTHER INTERESTED PARTICIPANTS.
ESTABLISH A STRONG VOLUNTEER NETWORK OF BUSINESS/INDUSTRY AND COLLEGE/UNIVERSITY PROFESSIONALS TO CONDUCT AN ANNUAL SOLICITATION PROGRAM THAT PROVIDES UNRESTRICTED DISTRIBUTIONS TO OHIO INDEPENDENT...
ESTABLISH A STRONG VOLUNTEER NETWORK OF BUSINESS/INDUSTRY AND COLLEGE/UNIVERSITY PROFESSIONALS TO CONDUCT AN ANNUAL SOLICITATION PROGRAM THAT PROVIDES UNRESTRICTED DISTRIBUTIONS TO OHIO INDEPENDENT COLLEGES AND UNIVERSITIES. UNRESTRICTED CONTRIBUTIONS TO OFIC ARE DISTRIBUTED IN ENTIRETY TO THE 33 OFIC-MEMBER COLLEGES AND UNIVERSITIES IN ACCORDANCE WITH A DISTRIBUTION FORMULA THAT REQUIRES 60% OF THE TOTAL TO BE DIVIDED EQUALLY AND 40% OF THE TOTAL TO BE BASED UPON EACH MEMBER'S FULL-TIME AND FULL-TIME EQUIVALENT UNDERGRADUATE ENROLLMENTS. THIS IS AN IMPORTANT SOURCE OF FINANCIAL SUPPORT FOR OUR MEMBERS, ALLOWING THEM TO APPLY IT TO AREAS OF GREATEST NEED AND ENABLING THEM TO RELY ON SOURCES OTHER THAN JUST TUITION TO SUPPORT COSTS ASSOCIATED WITH PROVIDING AN ACCESSIBLE, QUALITY EDUCATION.
COORDINATE AND FACILITATE COLLABORATIVE PROGRAMS DESIGNED TO HELP OHIO'S INDEPENDENT COLLEGES AND UNIVERSITIES CONSERVE COSTS AND IMPROVE OPERATING EFFICIENCIES, AS WELL AS COORDINATE AND IMPLEMENT...
COORDINATE AND FACILITATE COLLABORATIVE PROGRAMS DESIGNED TO HELP OHIO'S INDEPENDENT COLLEGES AND UNIVERSITIES CONSERVE COSTS AND IMPROVE OPERATING EFFICIENCIES, AS WELL AS COORDINATE AND IMPLEMENT PROGRAMS DESIGNED TO BRING EDUCATION AND BUSINESS TOGETHER FOR SPECIFIC PURPOSES SUCH AS MINORITY RECRUITMENT/RETENTION, STUDENT ADVANCEMENT/ACCESS TO HIGHER EDUCATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,373,175 | $4,506,221 | 0.0% |
| Expenses | $4,111,486 | $4,252,857 | 0.0% |
| Net Income | $261,689 | $253,364 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| EVAN ANDREWS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MELISSA BAUMANN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS BECHTEL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CATHERINE BELDEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID BELEW | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM BISSET | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROB BOHNER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GABRIEL BRUNO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES CARULAS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CARSON CASTLEMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| COREY COCKERILL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY COLLINS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN COMERFORD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW DANIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID DECKER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGARET DRUGOVICH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL FRANDSEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES GASIOR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL GILLIGAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER GOFF | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| T STEPHEN GREGORY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| FREDERICK HADLEY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN HIRZEL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| YVETTE HUNSICKER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT HUNTINGTON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN KALE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID KAUFMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID KING | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GREGORY KING | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL KORALEWSKI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIE KORNFIELD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAM LEBOLD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT MALONE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM MALZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHANNE MANKEY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE MCCALL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RONALD MCMASTER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT MERZWEILER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ALAN MICIAK | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SUZANNE MIKLOS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GREGORY MILLER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BEAR MONITA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL MUSE | TRUSTEE | 1.00 |
Director
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$0 | $0 | $0 |
| TIMOTHY NOVOTNY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JON PARRISH PEEDE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| FATHER DAVID PIVONKA | TRUSTEE | 1.00 |
Director
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$0 | $0 | $0 |
| HARIS PRATSINAKIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SHONNA RIEDLINGER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHERINE ROWE FELL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TRACY SABO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS SCHUCK | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER SCHULLER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LILLIAN SCHUMACHER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TROY SINGER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RALPH SMITHERS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDOLPH SNOW | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA STAVSKY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS SUTTON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| EDDIE TAYLOR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WARD TIMKEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CARMEN TWILLIE AMBAR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES TYBURSKI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW VANDENBERG | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE WALKER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WAYNE WEBSTER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ADAM WEINBERG | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS WHITE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| AARON WILLIAMS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JANE WOOD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BARBARA BRITENRIKER | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JIM CARULAS | VICE CHAIR (CORPORATE) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN HASSELER | VICE CHAIR (COLLEGIATE) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES FAHEY | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIMOTHY COLLINS | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RANDALL MARKER | PAST CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM SPIKER | PRESIDENT | 40.00 |
Officer
|
$219,518 | $69,283 | $288,801 |
| BRETT FIELDS | VP OF OPERATIONS | 40.00 |
Officer
|
$111,016 | $17,281 | $128,297 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $4,373,175 | $4,111,486 | $7,576,567 | $261,689 |
| 2023 | $4,506,221 | $4,252,857 | $7,625,784 | $253,364 |
| 2022 | $4,168,054 | $3,658,988 | $7,138,726 | $509,066 |
| 2021 | $4,357,939 | $4,626,306 | $10,019,771 | $-268,367 |
| 2020 | $4,155,775 | $3,574,336 | $8,373,314 | $581,439 |
| 2019 | $3,874,316 | $4,101,685 | $7,515,541 | $-227,369 |
| 2018 | $3,938,071 | $4,324,030 | $6,884,428 | $-385,959 |
Compare THE OHIO FOUNDATION OF INDEPENDENT COLLEGES with other nonprofits in Ohio and across the country.