OGLEBAY FOUNDATION INC (EIN 550750128) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

ERIKS JANELSINS

Phone

3042434166

Tax Period

2023-01-01 to 2023-12-31

OGLEBAY FOUNDATION INC, founded in 1996, is a community nonprofit in the Recreation & Sports sector that reported $6.1M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $5.6M left a modest 8% surplus.

Mission

THE OGLEBAY FOUNDATION IS DEVOTED TO RAISING PRIVATE FUNDS FOR THE WELFARE, MAINTENANCE AND FUTURE DEVELOPMENT OF OGLEBAY AND WHEELING PARKS IN WHEELING, WV AND THEIR AFFILIATED ORGANIZATIONS AND PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,462,173

Program Service Revenue $0

Investment Income $500,837

Other Revenue $113,608

TOTAL REVENUE $6,076,618

Expense Breakdown

Grants Paid $4,176,924

Salaries & Benefits $723,912

Fundraising Expenses $615,279

Program Expenses $4,614,581

Other Expenses $704,058

TOTAL EXPENSES $5,604,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,076,618	$7,064,669	-0.1%
Expenses	$5,604,894	$7,268,459	-0.2%
Net Income	$471,724	$-203,790	-3.3%

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

Volunteers

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

$202,392

Total Directors

$202,392

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA ALLEN	CHAIR	1.00	Officer Director	$0	$0	$0
CHAD H REMP	VICE CHAIR	1.00	Director	$0	$0	$0
CARTER A KENAMOND	SECRETARY/ TREASURER	1.00	Officer Director	$0	$0	$0
D LYN DOTSON	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH EDDY	DIRECTOR	1.00	Director	$0	$0	$0
SUE SEIBERT FARNSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE ROHRIG GAISER	DIRECTOR	1.00	Director	$0	$0	$0
WILBUR S JONES JR	DIRECTOR	1.00	Director	$0	$0	$0
R GREGORY MCDERMOTT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID H MCKINLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL DEAN RILEY	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN B SEIBERT	DIRECTOR	1.00	Director	$0	$0	$0
JOAN STAMP	DIRECTOR	1.00	Director	$0	$0	$0
DAVID M WEAVER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ERIKS JANELSINS	PRESIDENT / CEO	40.00	Officer Director	$202,392	$0	$202,392
G RANDOLPH WORLS	CHAIRMAN EMERITUS	40.00	Director	$0	$0	$0
EUGENE FAHEY	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,076,618	$5,604,894	$19,202,889	$471,724
2022	$7,064,669	$7,268,459	$18,847,027	$-203,790
2021	$4,251,520	$3,008,832	$18,691,463	$1,242,688
2020	$5,772,580	$4,455,665	$15,772,408	$1,316,915
2019	$4,774,926	$2,838,124	$12,882,527	$1,936,802
2018	$3,083,583	$2,841,029	$10,277,722	$242,554

OGLEBAY FOUNDATION INC