AREA DEVELOPMENT FOUNDATION INC

EIN: 316041648

MOUNT VERNON, OH

Total Revenue
$813,146
Total Expenses
$529,342
Total Assets
$2,580,742
Net Assets
$2,578,887
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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
1962
Legal Domicile
OH
Phone
7403933806
Tax Period
2025-01-01 to 2025-12-31

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.

Mission

PROMOTING AND ASSISTING INDUSTRIAL AND COMMERCIAL DEVELOPMENTS IN THE MOUNT VERNON AND KNOX COUNTY AREA.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $398,244
Program Service Revenue $296,503
Investment Income $118,399
Other Revenue $0
TOTAL REVENUE $813,146

Expense Breakdown

Grants Paid $0
Salaries & Benefits $332,347
Fundraising Expenses $0
Other Expenses $196,995
TOTAL EXPENSES $529,342

Year-over-Year Comparison

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%
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

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Governance

Voting Members
15
Independent Members
15
Employees
7
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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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
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
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