WOOSTER GROWTH CORPORATION

EIN: 341530269 501(c)(3)

WOOSTER, OH

Total Revenue
$181,192
Total Expenses
$627,200
Total Assets
$4,213,881
Net Assets
$3,685,241
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
OH
Principal Officer
ANDREI A DORDEA
Phone
3302635225
Tax Period
2024-01-01 to 2024-12-31

WOOSTER GROWTH CORPORATION, founded in 1974, is a small nonprofit that reported $181K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $627K exceeded revenue, resulting in a 246% operating deficit.

Mission

THE CORPORATION WAS FORMED FOR THE SOLE PURPOSE OF ADVANCING, ENCOURAGING, AND PROMOTING THE INDUSTRIAL, ECONOMIC, COMMERCIAL, DISTRIBUTION, RESEARCH AND CIVIC DEVELOPMENT OF WOOSTER, OHIO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $136,542
Program Service Revenue $0
Investment Income $39,112
Other Revenue $5,538
TOTAL REVENUE $181,192

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $627,200
Other Expenses $627,200
TOTAL EXPENSES $627,200

Year-over-Year Comparison

2024 2023 Change
Revenue $181,192 $743,574 -0.8%
Expenses $627,200 $53,702 +10.7%
Net Income $-446,008 $689,872 -1.6%
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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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
20

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
JON ANSEL PRESIDENT 1.00
Officer Director
$0 $0 $0
BOB REYNOLDS VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
ANDREI DORDEA TREASURER 2.00
Officer Director
$0 $0 $0
VINCE MARION TRUSTEE 1.00
Director
$0 $0 $0
JOEL MONTGOMERY TRUSTEE 1.00
Director
$0 $0 $0
CRAIG SANDERS TRUSTEE 1.00
Director
$0 $0 $0
MIKE ABERNATHY TRUSTEE 1.00
Director
$0 $0 $0
GABE TUDOR TRUSTEE 1.00
Director
$0 $0 $0
SAMIRA ZIMMERLY TRUSTEE 1.00
Director
$0 $0 $0
MARIBETH BURNS TRUSTEE 1.00
Director
$0 $0 $0
BOB GRALINSKI TRUSTEE 1.00
Director
$0 $0 $0
SCOTT BOYES TRUSTEE 1.00
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 $181,192 $627,200 $4,213,881 $-446,008
2023 $743,574 $53,702 $4,385,315 $689,872
2022 $217,010 $881,873 $4,551,648 $-664,863
2021 $4,200,665 $1,359,598 $5,941,588 $2,841,067
2020 $1,017,684 $1,573,873 $3,200,405 $-556,189
2019 $354,051 $175,612 $3,908,489 $178,439
2018 $218,497 $158,772 $3,850,747 $59,725
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