ASHTABULA COUNTY 503 CORPORATION

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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

1983

Legal Domicile

Principal Officer

JEROME BROCKWAY

Phone

4405769138

Tax Period

2024-10-01 to 2025-09-30

ASHTABULA COUNTY 503 CORPORATION, founded in 1983, is a small nonprofit that reported $263K in total revenue in fiscal year 2024. The organization ran a surplus of $106K, a strong 40% operating margin.

Mission

THE ORGANIZATION OBTAINS GRANTS TO FUND LOW-INTEREST LOANS MADE TO PROMOTE JOB DEVELOPMENT IN THE AREA

Program Service Accomplishments

Program 1

THE ORGANIZATION MAKES LOANS PURSUANT TO THE SMALL BUSINESS ADMINISTRATION LOAN PROGRAMS AND ADMINISTERS FEDERAL AND STATE GRANT FUNDS ESTABLISHED IN A R.L.F. TO PROVIDE LOANS TO BUSINESSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $260,991

Investment Income $2,144

Other Revenue $0

TOTAL REVENUE $263,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,114

Fundraising Expenses $0

Other Expenses $60,705

TOTAL EXPENSES $156,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,135	$265,054	0.0%
Expenses	$156,819	$129,558	+0.2%
Net Income	$106,316	$135,496	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FORD BEHM	TRUSTEE	N/A	Director	$0	$0	$0
JEROME BROCKWAY	PRESIDENT	N/A	Officer Director	$0	$0	$0
RYAN COCHRAN	TRUSTEE	N/A	Director	$0	$0	$0
J P DUCRO	TRUSTEE	N/A	Director	$0	$0	$0
JODIE HITCHCOCK	TREASURER	N/A	Officer Director	$0	$0	$0
GREG HOUSEL	TRUSTEE	N/A	Director	$0	$0	$0
BRIAN LEWIS	TRUSTEE	N/A	Director	$0	$0	$0
STEVE SARGENT	TRUSTEE	N/A	Director	$0	$0	$0
SCOTT TREEN	SECRETARY	N/A	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
2025	$263,135	$156,819	$4,919,750	$106,316
2024	$265,054	$129,558	$4,841,602	$135,496
2023	$258,565	$123,956	$4,735,379	$134,609
2022	$779,706	$141,492	$4,635,668	$638,214
2021	$1,104,059	$131,538	$4,024,954	$972,521
2020	$446,853	$95,656	$3,083,528	$351,197
2019	$200,962	$119,742	$2,759,060	$81,220