Team NEO Foundation

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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

2003

Legal Domicile

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 Foundation enhances the economy of Northeast Ohio by collaborating with our partners and others to attract new businesses, help those that are here grow and accelerate the impact of innovation in the region. We also help bring together local, regional and state resources to raise the profile of the region and make the case of investment in Northeast Ohio, focusing on proven businesses that will contribute to the regions success. Our Board serves as the Regional Table for Business and Philanthropy around which challenges regarding economic competitiveness are identified, prioritized and advanced.

Program Service Accomplishments

Program 1

Expenses: $4,450,819 Revenue: $157,726

Growing our Diverse Industry Base - Leverage our deep supply chain and partner relationships across the regions diverse industry base to drive innovation, integrate technology, develop new markets...

Growing our Diverse Industry Base - Leverage our deep supply chain and partner relationships across the regions diverse industry base to drive innovation, integrate technology, develop new markets and create equitable opportunity for a highly-trained workforce.

Program 2

Expenses: $1,093,062 Revenue: $0

Promote and Engage the Region - Telling stories, promoting assets and sharing data insights to advance Team NEO, lift our partners and improve Northeast Ohios regional competitiveness and prosperity.

Program 3

Expenses: $567,869 Revenue: $48,400

Grow a Pipeline of Competitive Sites - Impact the regional landscape through thoughtful commercial and industrial development in locations that are driving a competitive region and offering more...

Grow a Pipeline of Competitive Sites - Impact the regional landscape through thoughtful commercial and industrial development in locations that are driving a competitive region and offering more equitable opportunities.

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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 $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

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

$574,738

Total Directors

Key Employees

$956,881

Highest Compensated

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