SENECA RE-AD INDUSTRIES INC

EIN: 341186050 501(c)(3)

FOSTORIA, OH

Total Revenue
$527,945
Total Expenses
$1,121,640
Total Assets
$1,123,645
Net Assets
$1,085,705
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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
1976
Legal Domicile
OH
Principal Officer
TOM SMITH
Phone
4194477521
Tax Period
2023-07-01 to 2024-06-30

SENECA RE-AD INDUSTRIES INC, founded in 1976, is a small nonprofit that reported $528K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 112% operating deficit.

Mission

SHELTERED WORKSHOP FOR DEVELOPMENTAL DISADVANTAGED INDIVIDUALS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $513,987
Investment Income $12,686
Other Revenue $1,272
TOTAL REVENUE $527,945

Expense Breakdown

Grants Paid $0
Salaries & Benefits $511,524
Fundraising Expenses $0
Program Expenses $1,000,255
Other Expenses $610,116
TOTAL EXPENSES $1,121,640

Year-over-Year Comparison

2023 2022 Change
Revenue $527,945 $354,464 +0.5%
Expenses $1,121,640 $420,890 +1.7%
Net Income $-593,695 $-66,426 +7.9%
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

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Governance

Voting Members
7
Independent Members
7
Employees
55
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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM SMITH PRESIDENT 0.00
Officer
$0 $0 $0
JANICE COLMAN TREASURER 0.00
Officer
$0 $0 $0
KATHY NYE VICE-PRESIDENT 0.00
Officer Director
$0 $0 $0
BRIAN COOPER SECRETARY 0.00
Officer Director
$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
2024 $527,945 $1,121,640 $1,123,645 $-593,695
2022 $523,212 $402,063 $1,316,791 $121,149
2021 $348,983 $486,207 $1,203,181 $-137,224
2020 $513,273 $554,562 $1,341,237 $-41,289
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