MOUNT VERNON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AREA DEVELOPMENT FOUNDATION INC, founded in 1962, is a small nonprofit that reported $813K in total revenue in fiscal year 2025. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $284K, a strong 35% operating margin.
PROMOTING AND ASSISTING INDUSTRIAL AND COMMERCIAL DEVELOPMENTS IN THE MOUNT VERNON AND KNOX COUNTY AREA.
PROMOTING AND ASSISTING INDUSTRIAL AND COMMERCIAL DEVELOPMENTS IN THE MOUNT VERNON AND KNOX COUNTY AREA
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)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $813,146 | $1,177,947 | -0.3% |
| Expenses | $529,342 | $648,739 | -0.2% |
| Net Income | $283,804 | $529,208 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| GREG SANDS | MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| GORDON YANCE | MEMBER AT LARGE | 0.00 |
Director
|
$0 | $0 | $0 |
| TERESA BEMILLER | MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| MATT STARR | MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| MARK HINER | MEMBER AT LARGE | 0.00 |
Director
|
$0 | $0 | $0 |
| MICHELE ENGLEBACH | MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| TODD HAWKINS | MEMBER AT LARGE | 0.00 |
Director
|
$0 | $0 | $0 |
| GARY CHAPMAN | MEMBER AT LARGE | 0.00 |
Director
|
$0 | $0 | $0 |
| BILL HANNA | MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| BRIAN HUPRICH | MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| RYAN SHOEMAKER | MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| MATT WUSHINSKE | MEMBER AT LARGE | 0.00 |
Director
|
$0 | $0 | $0 |
| MARK RAMSER | TREASURER | 5.00 |
Officer
|
$0 | $0 | $0 |
| BRUCE WHITE | Chairman | 1.00 |
Officer
|
$0 | $0 | $0 |
| BILL BUCKLEY | VICE CHAIR | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $813,146 | $529,342 | $2,580,742 | $283,804 |
| 2024 | No data | No data | No data | No data |
| 2023 | $565,367 | $477,672 | $1,514,405 | $87,695 |
| 2022 | $707,783 | $487,544 | $1,436,880 | $220,239 |
| 2021 | $433,152 | $300,580 | $1,330,053 | $132,572 |
| 2020 | $348,324 | $269,794 | $1,067,203 | $78,530 |
| 2019 | $367,445 | $359,852 | $952,771 | $7,593 |
| 2018 | $333,572 | $240,784 | $856,447 | $92,788 |
Compare AREA DEVELOPMENT FOUNDATION INC with other nonprofits in Ohio and across the country.