CONCORDIA OF OHIO

EIN: 611682165 501(c)(3) Housing & Shelter

Copley, OH

Total Revenue
$16,673,058
Total Expenses
$14,628,913
Total Assets
$58,410,975
Net Assets
$24,444,940
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
OH
Principal Officer
Keith Frndak
Phone
3306641000
Tax Period
2024-07-01 to 2025-06-30

CONCORDIA OF OHIO, founded in 2012, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $14.6M left a modest 12% surplus.

Mission

Concordia of Ohio provides faith based, high quality skilled nursing, short term rehab, assisted living, and retirement living services. We serve those with limited funds to the best of our ability.

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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 $905,330
Program Service Revenue $14,682,646
Investment Income $889,973
Other Revenue $195,109
TOTAL REVENUE $16,673,058

Expense Breakdown

Grants Paid $200
Salaries & Benefits $6,810,174
Fundraising Expenses $13,832
Program Expenses $12,281,871
Other Expenses $7,818,539
TOTAL EXPENSES $14,628,913

Year-over-Year Comparison

2024 2023 Change
Revenue $16,673,058 $15,038,187 +0.1%
Expenses $14,628,913 $14,684,960 0.0%
Net Income $2,044,145 $353,227 +4.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
6
Employees
288
Volunteers
100

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
$1,815,851
Total Directors
11
$2,158,965
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith Frndak Chair/President 5
Officer Director
$0 $37,218 $905,273
Brian Hortert Board Member 1
Officer Director
$0 $36,679 $551,892
Michael Falbo Secretary/Treasurer 1
Officer Director
$0 $33,072 $358,686
Natalie McKay Board Member 1
Director
$0 $11,959 $195,937
Stephanie Barkley Board Member 5
Director
$0 $9,551 $147,177
Vicki Jackson Director of Nursing 45
Highest
$100,792 $20,739 $121,531
Celissa Christian MDS Nurse 45
Highest
$103,553 $13,349 $116,902
Meredith Pasco Executive Director 45
Highest
$106,777 $7 $106,784
Nancy Boughner Board Member 1
Director
$0 $0 $0
Ilona Stroupe Board Member 1
Director
$0 $0 $0
Dave Comstock Board member 1
Director
$0 $0 $0
Fred Heintz Jr Board Member 1
Director
$0 $0 $0
Paul Rehkopf Board Member 1
Director
$0 $0 $0
Shelly Partis Board Member 1
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 $16,673,058 $14,628,913 $58,410,975 $2,044,145
2024 $15,038,187 $14,684,960 $57,523,328 $353,227
2023 $15,045,813 $14,368,476 $57,513,056 $677,337
2022 $16,229,101 $13,635,359 $59,679,491 $2,593,742
2021 $15,913,038 $13,181,060 $66,868,178 $2,731,978
2020 $14,555,307 $12,643,471 $63,068,752 $1,911,836
2019 $13,375,912 $11,379,712 $75,983,891 $1,996,200
2018 $13,610,342 $10,801,674 $58,243,351 $2,808,668
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