AKRON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AKRON DEVELOPMENT CORPORATION, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $284K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $552K exceeded revenue, resulting in a 94% operating deficit.
THE AKRON DEVELOPMENT CORPORATION WAS ORGANIZED TO SUPPORT ECONOMIC DEVELOPMENT INITIATIVES IN THE CITY OF AKRON, PARTICULARLY THROUGH THE FORMER AKRON GLOBAL BUSINESS ACCELERATOR AND TO SECURE STATE OF OHIO FUNDING FOR TECHNOLOGY-BASED BUSINESSES. (THE FORMER AKRON GLOBAL BUSINESS ACCELERATOR SPUN OFF FROM THE CITY OF AKRON AND IS NOW AN INDEPENDENT ENTITY KNOWN AS THE BOUNCE INNOVATION HUB, WHICH COMMENCED OPERATIONS ON JANUARY 1, 2018.)
THE AKRON DEVELOPMENT CORPORATION PROVIDED GRANTS AND SUPPORT TO THE CITY OF AKRON AND OTHER 501(C)(3) ORGANIZATIONS THAT SUPPORT THE CITY OF AKRON'S MISSION.
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 | $284,160 | $492,572 | -0.4% |
| Expenses | $552,493 | $524,420 | +0.1% |
| Net Income | $-268,333 | $-31,848 | +7.4% |
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 |
|---|---|---|---|---|---|---|
| JASON DODSON | PRESIDENT | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| SAMUEL DESHAZIOR | VICE PRESIDENT | 4.00 |
Officer
Director
|
$0 | $51,130 | $218,441 |
| JOE DANCY | SECRETARY | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEN BURNS | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| CATHERINE BRECK | FORMER PRESIDENT THRU APRIL 2023 | 4.00 |
Officer
Director
|
$0 | $14,772 | $69,809 |
| ANNAL VYAS | TRUSTEE THRU MARCH 2023 | 4.00 |
Director
|
$0 | $0 | $0 |
| ADELE ROTH | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $284,160 | $552,493 | $4,840,222 | $-268,333 |
| 2022 | $492,572 | $524,420 | $5,370,661 | $-31,848 |
| 2021 | $934,426 | $1,008,495 | $6,249,734 | $-74,069 |
| 2020 | $4,056,032 | $4,230,867 | $6,665,818 | $-174,835 |
Compare AKRON DEVELOPMENT CORPORATION with other nonprofits in Ohio and across the country.