NEW ENTREPRENEURS OPPORTUNITY FUND

EIN: 451768605 501(c)(3) Community Improvement

ASHTABULA, OH

Total Revenue
$364,509
Total Expenses
$371,485
Total Assets
$180,595
Net Assets
$177,768
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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
2011
Legal Domicile
OH
Principal Officer
SHANE STYZEJ
Phone
4405259018
Tax Period
2025-01-01 to 2025-12-31

NEW ENTREPRENEURS OPPORTUNITY FUND, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $365K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO COMBAT COMMUNITY DETERIORATION AND ENCOURAGE ECONOMIC DEVELOPMENT AND JOB CREATION IN THE ASHTABULA COUNTY AREA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $352,000
Program Service Revenue $0
Investment Income $4,443
Other Revenue $8,066
TOTAL REVENUE $364,509

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,000
Fundraising Expenses $0
Program Expenses $205,213
Other Expenses $341,485
TOTAL EXPENSES $371,485

Year-over-Year Comparison

2025 2024 Change
Revenue $364,509 $310,353 +0.2%
Expenses $371,485 $266,266 +0.4%
Net Income $-6,976 $44,087 -1.2%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
3
$30,000
Total Directors
7
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE STOUFFER DIRECTOR 2.00
Director
$0 $0 $0
JIM TIMONERE DIRECTOR 2.00
Director
$0 $0 $0
NATHAN ROCKWELL SECRETARY 10.00
Officer Director
$30,000 $0 $30,000
SHANE STYZEJ TREASURER 10.00
Officer Director
$0 $0 $0
ALICE MCCARTHY PRESIDENT 10.00
Officer Director
$0 $0 $0
KELLY SPOSITO EXECUTIVE DIRECTOR 32.00
Director
$0 $0 $0
CHRISTY GARROD DIRECTOR 2.00
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
2025 $364,509 $371,485 $180,595 $-6,976
2024 $310,353 $266,266 $184,686 $44,087
2023 $182,506 $191,451 $143,267 $-8,945
2022 $185,213 $141,755 $149,524 $43,458
2021 $130,466 $100,855 $106,950 $29,611
2020 $178,288 $65,027 $77,375 $113,261
2019 $34,743 $163,161 $360,653 $-128,418
2018 $223,247 $245,382 $536,717 $-22,135
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