Daytonmiami Valley Entrepreneurs Center
Nonprofit profile at a glance
- EIN
- 311584047
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Dayton, OH, USA
- Phone
- 9372810098
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Small Business Development
Reported finances
- Revenue
- $7,717,520
- Expenses
- $7,545,986
- Assets
- $4,265,026
- Liabilities
- $3,291,757
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- SCOTT KOORNDYK (EC PRESIDENT)
- CRAIG JENNINGS (PRESIDENT)
Highest reported compensation
- SCOTT KOORNDYK (EC PRESIDENT): $313,642 total reported compensation
- PAUL JACKSON (V.P OF STRATEGIC PROGRAMS): $245,848 total reported compensation
- MICHAEL MCCANN (VP OF INNOVATION AND ENGAG): $215,215 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The center will use its resources for information sharing and member assistance to incubate new entrepreneurs who are trying to establish a presence in the marketplace. The center will research, identify, teach and disseminate the critical skills values that enable entrepreneurs to succeed. The center will foster economic development and maintain a network of other successful technology-based entrepreneurs for self-help and peer support in the nine county region. The center will encourage others to support entrepreneurship.
What it reported doing in 2024
The center uses resources for information sharing and member assistance to incubate more than 700 new entrepreneurs to stimulate employment for the social welfare of the community.
Operating model
- Revenue model
- Grant-funded. 83% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 99% 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 79
- Accountability: 93
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.6%; rating input score 86
- Program expense ratio: 87.5%; rating input score 87
- Fundraising efficiency: $169.42 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.7%; rating input score 96; 26th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.2%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.77; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 16.6%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 19.5% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 17.3% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 13.8% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 85.6% of revenue deployed · 87.5% of spending went to programs
- Governance: 22 of 23 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $6.6M in reported program spending
- Leadership: top reported pay $314K · 28 people listed · 2 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 42/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- High — Sustainability: Officer compensation ratio scored 16/100.