Stark Development Board Finance Corp
Nonprofit profile at a glance
- EIN
- 341402177
- IRS 990-EZ coverage
- 2014–2016
- Forms available
- Form 990 2013, Form 990-EZ 2016
- Location
- Canton, OH, USA
- Phone
- 3304535900
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $133,445
- Expenses
- $199,124
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Raymond Hexamer (President)
- Stephen L Paquette (Past President)
People named in this filing
- Steve Schilling (Director)
- Raymond Hexamer (President)
- Robert P Nelson (Secretary)
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 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Stark Development Board Finance Corporation's primary exempt purpose is to promote economic development within Stark County.
What it reported doing in 2016
The Stark Development Board Finance Corporation's objective is to foster economic development in the Northeast Ohio area by providing a portion of long-term fixed asset financing for small business projects.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 8
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -49.2%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: -83.5% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: -9.9% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -39.6% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $179K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2014 to 2016
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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 — Sustainability: Operating margin scored 1/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.