College Properties of Northern Ohio Inc (EIN 340960554) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Phone

4407755603

Tax Period

2023-07-01 to 2024-06-30

College Properties of Northern Ohio Inc, founded in 1990, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Expenses of $6.9M exceeded revenue, resulting in a 45% operating deficit.

Mission

SUPPORTING ORGANIZATION OF OBERLIN COLLEGE USED FOR THE HOLDING OF REAL ESTATE FOR INVESTMENT PURPOSES AND THE TASTEFUL DEVELOPMENT OF THE COMMUNITY.

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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 $0

Program Service Revenue $4,745,040

Investment Income $455

Other Revenue $0

TOTAL REVENUE $4,745,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,074,362

Other Expenses $6,877,479

TOTAL EXPENSES $6,877,479

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,745,495	$4,684,073	+0.0%
Expenses	$6,877,479	$5,833,454	+0.2%
Net Income	$-2,131,984	$-1,149,381	+0.9%

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

N/A

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

$1,034,791

Total Directors

$363,935

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA VAZQUEZ-SKILLINGS	PRESIDENT/TRUSTEE	2.0	Officer Director	$0	$73,313	$363,935
FRED CUMMINGS	TRUSTEE	2.0	Director	$0	$0	$0
ROBERT LEMLE	TRUSTEE	2.0	Director	$0	$0	$0
STEWART KOHL	TRUSTEE	2.0	Director	$0	$0	$0
APRIL HERNER	TREASURER	2.0	Officer	$0	$16,615	$190,853
JULIENNE MELVIN	SECRETARY	2.0	Officer	$0	$53,355	$232,010
KEVIN BROWN	VICE PRESIDENT	2.0	Officer	$0	$22,793	$247,993

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	No data	No data	No data	No data
2024	$4,745,495	$6,877,479	$37,990,038	$-2,131,984
2023	$4,684,073	$5,833,454	$39,931,180	$-1,149,381
2022	$4,601,519	$5,557,011	$41,140,324	$-955,492
2021	$1,116,823	$3,991,965	$42,105,647	$-2,875,142
2020	$3,293,640	$5,366,229	$43,343,333	$-2,072,589
2019	$4,572,008	$6,198,151	$44,704,628	$-1,626,143
2018	$4,369,131	$5,875,031	$45,470,270	$-1,505,900

College Properties of Northern Ohio Inc