NORTHWEST OHIO INNOVATION CONSORTIUM INC

EIN: 932160617 Science & Technology

PERRYSBURG, OH

Total Revenue
$10,151,834
Total Expenses
$157,746
Total Assets
$10,769,340
Net Assets
$9,994,088
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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
2023
Legal Domicile
OH
Principal Officer
ROGER SMITH
Phone
4194509436
Tax Period
2024-01-01 to 2024-12-31

NORTHWEST OHIO INNOVATION CONSORTIUM INC, founded in 2023, is a mid-sized nonprofit in the Science & Technology sector that reported $10.2M in total revenue in fiscal year 2024. The organization ran a surplus of $10.0M, a strong 98% operating margin.

Mission

TO COLLABORATE WITH AREA PARTNERS TO DRIVE INNOVATION WITH A FOCUS ON ENVIRONMENTAL, SOCIAL, AND ECONOMIC FACTORS IN THE GLASS AND SOLAR SECTORS.

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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 $10,151,696
Program Service Revenue $0
Investment Income $138
Other Revenue $0
TOTAL REVENUE $10,151,834

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,780
Fundraising Expenses $0
Program Expenses $11,547
Other Expenses $50,966
TOTAL EXPENSES $157,746

Year-over-Year Comparison

2024 2023 Change
Revenue $10,151,834 N/A N/A
Expenses $157,746 N/A N/A
Net Income $9,994,088 N/A N/A
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
17
Independent Members
16
Employees
N/A
Volunteers
40

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
7
$96,000
Total Directors
17
$96,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROGER SMITH PRESIDENT 20.00
Officer Director
$96,000 $0 $96,000
LUDOVIC VALETTE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JIM HOFFMAN CO-VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
SHARON SPEYER CO-VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
LOU TRIPPEL SECRETARY 1.00
Officer Director
$0 $0 $0
MATTHEW KIRIAN ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
JIM BURMEISTER TREASURER 1.00
Officer Director
$0 $0 $0
DEAN MONSKE BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL TOTH BOARD MEMBER 1.00
Director
$0 $0 $0
WENDY GRAMZA BOARD MEMBER 1.00
Director
$0 $0 $0
KYLE SWORD BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
DENISE SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
NICHOLE FIFER BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK CALZONETTI BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA REGASSA BOARD MEMBER 1.00
Director
$0 $0 $0
KERRY WARD BOARD MEMBER 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
2024 $10,151,834 $157,746 $10,769,340 $9,994,088
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