COLUMBUS, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EMPOWERING OHIO'S ECONOMY INC, founded in 2014, is a micro nonprofit that reported $658 in total revenue in fiscal year 2022. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $240K exceeded revenue, resulting in a 36347% operating deficit.
THE CORPORATION IS ORGANIZED TO PROMOTE ECONOMIC AND BUSINESS DEVELOPMENT WITHIN OHIO, FOR THE PURPOSE OF BRINGING ABOUT CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS. IT WILL ENCOURAGE JOB GROWTH AND ECONOMIC DEVELOPMENT IN THE COMMUNITY BY (1) PROMOTING THE ADVANTAGES OF OHIO'S FAVORABLE BUSINESS CLIMATE TO PROSPECTIVE BUSINESSES, MANUFACTURERS AND EMPLOYERS, INCLUDING THE BENEFITS OF ITS ABUNDANT AND AFFORDABLE ENERGY, (2) PROMOTING OHIO AS WELL-SUITED TO HOST AND SUPPORT MAJOR CONVENTIONS OR SIMILAR EVENTS AND AS AN ATTRACTIVE DESTINATION FOR TRAVEL, BUSINESS MEETINGS AND VACATIONS, AND (3) LESSENING THE BURDENS ON STATE, COUNTY, AND LOCAL GOVERNMENT ENTITIES BY ASSISTING THEM IN THE PROMOTION OF THE COMMUNITY TO A NATIONWIDE AUDIENCE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $658 | $2,712 | -0.8% |
| Expenses | $239,824 | $52,150 | +3.6% |
| Net Income | $-239,166 | $-49,438 | +3.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL W BLANKENBECLER | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| JO ANN DAVIDSON | SEC.-TREAS./ | 2.00 |
Director
|
$0 | $0 | $0 |
| TOM FROEHLE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JB HADDEN | PRESIDENT/DI | 10.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $658 | $239,824 | $60,743 | $-239,166 |
| 2021 | $2,712 | $52,150 | $299,909 | $-49,438 |
| 2020 | No data | $1,658,667 | $349,347 | No data |
| 2019 | $700,000 | $2,782,832 | $2,008,014 | $-2,082,832 |
| 2019 | $700,000 | $3,057,832 | $1,503,014 | $-2,357,832 |
| 2018 | No data | $1,361,993 | $4,090,846 | No data |
| 2018 | No data | $1,566,993 | $3,860,846 | No data |
| 2017 | No data | $1,103,586 | $5,452,839 | No data |
Compare EMPOWERING OHIO'S ECONOMY INC with other nonprofits in Ohio and across the country.