NORTHWEST OHIO DEVELOPMENT ASSISTANCE CORPORATION

EIN: 640953944 Community Improvement

TOLEDO, OH

Total Revenue
$358,803
Total Expenses
$271,043
Total Assets
$854,495
Net Assets
$610,495
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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
1993
Legal Domicile
OH
Principal Officer
JASON BARTSCHY
Phone
4192438251
Tax Period
2024-01-01 to 2024-12-31

NORTHWEST OHIO DEVELOPMENT ASSISTANCE CORPORATION, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $359K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 24% operating margin.

Mission

NODAC IS A CERTIFIED DEVELOPMENT COMPANY FORMED IN 1993 FOR THE PURPOSE OF ADMINISTRATING THE SBA 504 LOAN PROGRAM IN THE STATE OF OHIO.

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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 $0
Program Service Revenue $297,716
Investment Income $61,087
Other Revenue $0
TOTAL REVENUE $358,803

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $259,259
Other Expenses $271,043
TOTAL EXPENSES $271,043

Year-over-Year Comparison

2024 2023 Change
Revenue $358,803 $289,247 +0.2%
Expenses $271,043 $226,135 +0.2%
Net Income $87,760 $63,112 +0.4%
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
15
Independent Members
15
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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM BURNS CHAIRMAN N/A
Officer Director
$0 $0 $0
TIM DECANT MEMBER N/A
Director
$0 $0 $0
MATT GILROY MEMBER N/A
Director
$0 $0 $0
JAMIE BEIER GRANT MEMBER N/A
Director
$0 $0 $0
BETH HANNAM MEMBER N/A
Director
$0 $0 $0
SCOTT JOHNSON MEMBER N/A
Director
$0 $0 $0
JENNIFER KODER MEMBER N/A
Director
$0 $0 $0
KEVIN KORNOWA SECRETARY N/A
Officer Director
$0 $0 $0
BRANDON MCGAHARAN MEMBER N/A
Director
$0 $0 $0
WILLIAM MCNEAL MEMBER N/A
Director
$0 $0 $0
DENNIS MILLER MEMBER N/A
Director
$0 $0 $0
DENNIS PYLE VICE-CHAIRMA N/A
Officer Director
$0 $0 $0
HANS ROSEBROCK TREASURER N/A
Officer Director
$0 $0 $0
JOEL SCHLAGETER MEMBER N/A
Director
$0 $0 $0
LISA WAGNER MEMBER N/A
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
2024 $358,803 $271,043 $854,495 $87,760
2023 $289,247 $226,135 $721,735 $63,112
2022 $243,313 $197,988 $637,623 $45,325
2021 $292,913 $289,887 $747,698 $3,026
2020 $345,227 $267,095 $662,226 $78,132
2019 $293,138 $230,759 $625,078 $62,379
2018 $214,370 $185,878 $530,499 $28,492
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