NORTHWEST OHIO DEVELOPMENT ASSISTA… - Form 990 Financial Data

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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

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. UNDER THIS PROGRAM, FIXED ASSET ACQUISITION IS FACILITATED WITH SBA LOANS THAT ALLOW FOR LOW DOWN PAYMENTS AND LONG-TERM FIXED INTEREST RATES.

Program Service Accomplishments

Program 1

Expenses: $259,259 Revenue: $288,335

NODAC ADMINISTERS, PROCESSES AND SERVICES SBA 504 LOANS TO PROMOTE, ENCOURAGE, ASSIST AND FURTHER THE ECONOMIC DEVELOPMENT OF 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%)

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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

NORTHWEST OHIO DEVELOPMENT ASSISTANCE CORPORATION