Team NEO Foundation

EIN: 341885407 501(c)(3) Community Improvement

Cleveland, OH

Total Revenue
$7,989,825
Total Expenses
$8,018,224
Total Assets
$3,868,429
Net Assets
$2,050,272
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
OH
Principal Officer
Matthew Dolan
Phone
2163635400
Tax Period
2024-01-01 to 2024-12-31

Team NEO Foundation, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $8.0M in total revenue in fiscal year 2024.

Mission

Team NEO Foundations mission is to enhance the economy of Northeast Ohio by collaborating with our Network Partners and others to attract new businesses, help those that are here grow and accelerate the impact of innovation in the region.

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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 $7,284,854
Program Service Revenue $281,638
Investment Income $18,874
Other Revenue $404,459
TOTAL REVENUE $7,989,825

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,163,799
Fundraising Expenses $351,173
Program Expenses $6,831,580
Other Expenses $2,854,425
TOTAL EXPENSES $8,018,224

Year-over-Year Comparison

2024 2023 Change
Revenue $7,989,825 $7,995,598 0.0%
Expenses $8,018,224 $8,243,282 0.0%
Net Income $-28,399 $-247,684 -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

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Governance

Voting Members
36
Independent Members
36
Employees
40
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
9
$574,738
Total Directors
45
$0
Key Employees
5
$956,881
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brendan Buescher Director 1.00
Director
$0 $0 $0
Frank Carrino Director 1.00
Director
$0 $0 $0
Christopher Bast Director 1.00
Director
$0 $0 $0
Dr Albert Green Director 1.00
Director
$0 $0 $0
Dr Marcia Ballinger Director 1.00
Director
$0 $0 $0
Michelle Moran Director 1.00
Director
$0 $0 $0
Jay Nordholt Director 1.00
Director
$0 $0 $0
Terrell Dillard Director 1.00
Director
$0 $0 $0
Mark Samolczyk Director 1.00
Director
$0 $0 $0
William Seelbach Director 1.00
Director
$0 $0 $0
Ward Timken Jr Director 1.00
Director
$0 $0 $0
Dr Michael Baston Director 1.00
Director
$0 $0 $0
Robert Davis Director 1.00
Director
$0 $0 $0
Ray Hexamer Partner Director 1.00
Director
$0 $0 $0
Tom Partridge Director 1.00
Director
$0 $0 $0
Gary Small Director 1.00
Director
$0 $0 $0
Kelly Lamirand Director 1.00
Director
$0 $0 $0
Guy Coviello Partner Director 1.00
Director
$0 $0 $0
Steve Millard Partner Director 1.00
Director
$0 $0 $0
Jeroen Diderich Director 1.00
Director
$0 $0 $0
Dr Todd Diacon Director 1.00
Director
$0 $0 $0
Bill Epling Director 1.00
Director
$0 $0 $0
Eric Logan Director 1.00
Director
$0 $0 $0
Kevin Martin Director 1.00
Director
$0 $0 $0
Marc Merklin Director 1.00
Director
$0 $0 $0
Ron Paydo Director 1.00
Director
$0 $0 $0
Glenn Richardson Director 1.00
Director
$0 $0 $0
Ariane Kirkpatrick Director 1.00
Director
$0 $0 $0
Carol Caruso Director 1.00
Director
$0 $0 $0
Rajiv Prasad Director 1.00
Director
$0 $0 $0
Baiju Shah Partner Director 1.00
Director
$0 $0 $0
Bethia Burke Partner Director 1.00
Director
$0 $0 $0
James Gasior Director 1.00
Director
$0 $0 $0
Charles George Director 1.00
Director
$0 $0 $0
Wendell Robinson Jr Director 1.00
Director
$0 $0 $0
Damian Thomas Director 1.00
Director
$0 $0 $0
Aaron Swartz Director 1.00
Director
$0 $0 $0
Daniel Weekley Director 1.00
Director
$0 $0 $0
Jodi Berg Chair Emeritus 2.50
Officer Director
$0 $0 $0
Peter Broer Chair Emeritus 2.50
Officer Director
$0 $0 $0
Kimberly Riley Chair 2.50
Officer Director
$0 $0 $0
Allen Mistysyn Vice Chair 2.50
Officer Director
$0 $0 $0
Don Taylor Vice Chair 2.50
Officer Director
$0 $0 $0
Andy Jones Secretary 2.50
Officer Director
$0 $0 $0
Doug Sibila Treasurer 2.50
Officer Director
$0 $0 $0
William Koehler CEO 40.00
Officer
$367,773 $27,927 $395,700
Laura Hudak Asst Secr/Treas 40.00
Officer
$168,540 $10,498 $179,038
Christine Nelson VP, Project Mgt, Site Strategies & Talent 40.00
Key Emp
$185,512 $28,226 $213,738
Steven Fritsch VP, Industry Advancement & Engagement 40.00
Key Emp
$170,582 $8,527 $179,109
Jacob Duritsky VP, Strategy and Research 40.00
Key Emp
$175,969 $20,466 $196,435
Dawn Southard VP, Investor Relations 40.00
Key Emp
$157,863 $21,969 $179,832
Mark Owens VP, Marketing & Communications 40.00
Key Emp
$161,601 $26,166 $187,767
Mindy McLaughlin Managing Director, Global Business Development 40.00
Highest
$141,825 $14,492 $156,317
Walter Good Managing Director, Project Management 40.00
Highest
$143,047 $17,172 $160,219
Bryce Sylvester Senior Director, Site Strategies 40.00
Highest
$109,837 $11,753 $121,590
Renee Ligon Senior Director, Partnerships & Engagement 40.00
Highest
$119,695 $20,969 $140,664
Sylvio Mecone Senior Director, Business Development 40.00
Highest
$102,582 $16,885 $119,467
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 $7,989,825 $8,018,224 $3,868,429 $-28,399
2023 $7,995,598 $8,243,282 $3,626,523 $-247,684
2022 $7,993,857 $8,012,507 $3,222,974 $-18,650
2021 $6,381,649 $6,453,326 $2,982,756 $-71,677
2020 $6,347,463 $5,766,890 $3,161,546 $580,573
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