OHIO STATE INNOVATION FOUNDATION

EIN: 460843878 501(c)(3) Education

COLUMBUS, OH

Total Revenue
$14,225,608
Total Expenses
$14,763,196
Total Assets
$6,416,379
Net Assets
$5,628,441
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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
OH
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

TO MANAGE AND FACILITATE COMMERCIALIZATION OF INTELLECTUAL PROPERTY DEVELOPED AT OR CREATED BY THE OSU.

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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 $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

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Governance

Voting Members
9
Independent Members
5
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
7
$3,170,966
Total Directors
10
$3,346,263
Key Employees
0
$0
Highest Compensated
0
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
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