OHIO STATE INNOVATION 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

2012

Legal Domicile

Principal Officer

KEVIN TAYLOR

Phone

6142921315

Tax Period

2024-07-01 to 2025-06-30

OHIO STATE INNOVATION FOUNDATION, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $14.2M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

OHIO STATE INNOVATION FOUNDATION ("OSIF") IS A NOT-FOR-PROFIT OHIO CORPORATION FORMED TO MANAGE INTELLECTUAL PROPERTY DEVELOPED AT OR CREATED BY THE OHIO STATE UNIVERSITY ("OSU") AND TO FACILITATE THE COMMERCIALIZATION OF SUCH INTELLECTUAL PROPERTY ("IP"). OSU IS THE SOLE MEMBER OF OSIF, AND A MAJORITY OF THE DIRECTORS ON THE OSIF BOARD OF DIRECTORS ARE REPRESENTATIVE OF OSU. OSIF HAS NO EMPLOYEES. THE OPERATIONS OF OSIF ARE CONDUCTED BY THE TECHNOLOGY LICENSING OFFICE OF THE OSU OFFICE OF INNOVATION AND ECONOMIC DEVELOPMENT, PURSUANT TO CONTRACT.

Program Service Accomplishments

Program 1

Expenses: $14,194,680 Revenue: $0

MANAGED INTELLECTUAL PROPERTY PORTFOLIO OF THE OHIO STATE UNIVERSITY.

Program 2

Expenses: $568,516 Revenue: $12,453,711

MANAGED LICENSES OF TECHNOLOGY DEVELOPED AT THE OHIO STATE UNIVERSITY.

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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 $1,771,897

Program Service Revenue $12,453,711

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,225,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,763,196

Other Expenses $14,763,196

TOTAL EXPENSES $14,763,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,225,608	$10,341,480	+0.4%
Expenses	$14,763,196	$13,875,984	+0.1%
Net Income	$-537,588	$-3,534,504	-0.8%

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

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

$3,170,966

Total Directors

$3,346,263

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PAPADAKIS	CHAIRMAN	0.10	Officer Director	$0	$143,147	$1,126,656
KEVIN TAYLOR	PRESIDENT	0.50	Officer Director	$0	$82,081	$517,346
PETER MOHLER	DIRECTOR	0.50	Director	$0	$139,571	$1,202,313
BECKY KAUFMAN	DIRECTOR	0.50	Director	$0	$79,160	$499,948
FALON DONOHUE	DIRECTOR	0.25	Director	$0	$0	$0
JIM TERRANOVA	DIRECTOR	0.25	Director	$0	$0	$0
KATHY KU	DIRECTOR	0.25	Director	$0	$0	$0
KRISTEN LEUTE	DIRECTOR	0.25	Director	$0	$0	$0
RAY SHEALY	DIRECTOR	0.25	Director	$0	$0	$0
DERRICK BRENT	DIRECTOR	0.25	Director	$0	$0	$0
PACO HERSON	VICE PRESIDENT	0.50	Officer	$0	$84,620	$490,720
CHERYL TURNBULL	VICE PRESIDENT	4.00	Officer	$0	$68,870	$305,405
DAVID MESS	SECRETARY	0.50	Officer	$0	$65,552	$287,315
THOMAS MITCHELL	TREASURER	4.00	Officer	$0	$43,186	$162,675
SCOTT GRIFFIN	VICE PRESIDENT	0.50	Officer	$0	$30,514	$280,849

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	$14,225,608	$14,763,196	$6,416,379	$-537,588
2024	$10,341,480	$13,875,984	$6,204,033	$-3,534,504
2023	$15,253,821	$14,538,851	$9,807,916	$714,970
2022	$23,467,827	$18,713,684	$18,998,036	$4,754,143
2021	$3,748,357	$6,116,695	$6,188,077	$-2,368,338
2020	$7,300,382	$7,632,872	$6,262,012	$-332,490
2019	$12,253,283	$9,890,147	$6,260,584	$2,363,136
2018	$11,712,461	$10,201,707	$3,575,694	$1,510,754