THE ABILITY CENTER OF GREATER TOLEDO SUPPORTING ORGANIZATION

EIN: 341941007 501(c)(3) Diseases & Disorders

TOLEDO, OH

Total Revenue
$3,596,724
Total Expenses
$3,655,072
Total Assets
$51,355,800
Net Assets
$51,355,800
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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
2001
Legal Domicile
OH
Principal Officer
WILLIAM LOGIE
Phone
4192415049
Tax Period
2023-10-01 to 2024-09-30

THE ABILITY CENTER OF GREATER TOLEDO SUPPORTING ORGANIZATION, founded in 2001, is a community nonprofit in the Diseases & Disorders sector that reported $3.6M in total revenue in fiscal year 2023. Net assets of $51.4M represent 171 months of operating reserves.

Mission

TO HOLD THE ASSETS OF TRUSTS, BEQUESTS, OR OTHER FUNDS THAT ARE RECEIVED BY THE ABILITY CENTER OF GREATER TOLEDO.

Program Service Accomplishments

Program 1
Expenses: $3,639,185

FUNDS ALLOCATED PURSUANT TO CARRYING OUT THE ORGANIZATION'S EXEMPT PURPOSE, WHICH IS SOLELY TO HOLD AND DISTRIBUTE FUNDS TO THE ABILITY CENTER OF GREATER TOLEDO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $3,596,724
Other Revenue $0
TOTAL REVENUE $3,596,724

Expense Breakdown

Grants Paid $3,639,185
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,639,185
Other Expenses $15,887
TOTAL EXPENSES $3,655,072

Year-over-Year Comparison

2023 2022 Change
Revenue $3,596,724 $3,663,424 0.0%
Expenses $3,655,072 $3,189,729 +0.1%
Net Income $-58,348 $473,695 -1.1%
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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER SCHAEFER CHAIR 0.30
Officer Director
$0 $0 $0
TOM MCARDLE VICE CHAIR 0.30
Officer Director
$0 $0 $0
ADRIENNE BELL TRUSTEE 0.30
Director
$0 $0 $0
WILLIAM LOGIE TRUSTEE 0.30
Director
$0 $0 $0
PAUL KWAPICH TRUSTEE 0.30
Director
$0 $0 $0
JEREMY BIGELOW TRUSTEE 0.30
Director
$0 $0 $0
LOWELL JAFFE TRUSTEE 0.30
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 No data No data No data No data
2024 $3,596,724 $3,655,072 $51,355,800 $-58,348
2023 $3,663,424 $3,189,729 $44,375,770 $473,695
2022 $4,757,170 $3,157,311 $41,461,825 $1,599,859
2021 $2,429,782 $2,596,723 $52,411,136 $-166,941
2020 $2,604,237 $3,228,946 $42,047,483 $-624,709
2019 $3,234,481 $2,817,724 $45,277,634 $416,757
2018 $3,385,476 $2,589,216 $48,214,110 $796,260
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