Assets Toledo

Nonprofit profile at a glance

EIN
311656341
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Toledo, OH, USA
Phone
4192519870
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Reported finances

Revenue
$36,250
Expenses
$51,601
Assets
$3,596
Liabilities
$2,847

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • OLIVIA HOLDEN (EXECUTIVE DIRECTOR)

People named in this filing

  • OLIVIA HOLDEN (EXECUTIVE DIRECTOR)
  • STEVE ELZINGA (CHAIRPERSON)
  • CHERYL D TYLER FOLSOM (VICE CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To assist self-motivated individuals in northwest Ohio who have a personal vision for self-employment and small business initiatives, but limited resources, by providing hands-on training, peer networking, and support network and capital.

What it reported doing in 2024

Practical, experience-based training for individuals who want to start or expand a small business

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 100
  • Sustainability: 11
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 79%; rating input score 79

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -42.3%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.79; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 30%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 0.3% per year; rating input score 100; 49th percentile among comparable filings
  • Revenue growth: -2.7% per year; rating input score 0; 41st percentile among comparable filings
  • Asset growth: -10.3% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 79% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $41K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.