Womens Business Enterprise Council Ohio River Valley

Nonprofit profile at a glance

EIN
922926370
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Mason, OH, USA
Phone
8888603074
Rating
60
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Economic Development

Official website

Reported finances

Revenue
$1,530,769
Expenses
$1,447,500
Assets
$353,555
Liabilities
$200,204

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

Leadership & pay

26 people listed

Executive titles in this filing

  • LYNNISE SMITH (Former CEO)
  • FREDRICA SINGLETARY (President CEO)

Highest reported compensation

  • LYNNISE SMITH (Former CEO): $147,408 total reported compensation
  • FREDRICA SINGLETARY (President CEO): $41,038 total reported compensation

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

Overview

Mission

WBEC ORV is leading through an innovative, collaborative and engaged group of Corporates, Government, WBEs and Advocates. We are a catalyst for growth and sustainability by adding more Corporate Members & WBEs in the Ohio, Kentucky, and West Virginia region.

What it reported doing in 2024

Catch the Wave provides networking, training, and access to certified owners in Kentucky, Ohio & West Virginia and WBEC ORV corporate member This conference draws over 300 attendees from across the region Includes an opening reception, pitch breakfast, keynote luncheon, awards dinner, corporate and WBE workshops WBE Showcase, & matchmaker Bold & Brilliant is a signature WBEC ORV event designed to inspire, educate, and connect women entrepreneurs and business leaders. With an average of 120 attendees, this high-energy program brings Featuring engaging speakers, interactive sessions, and opportunities to build meaningful relationships, Bold & Brilliant provides a dynamic space to spark new ideas, strengthen leadership, and celebrate.

Operating model

Revenue model
Earned-program. 72% of the money available for current operations came from fees and other program revenue.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 79
  • Accountability: 31
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.7%; rating input score 64
  • Program expense ratio: 67.4%; rating input score 67
  • Fundraising efficiency: $4.95 raised per $1 spent on fundraising; rating input score 17; 17th 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: Missing
    • Independent consultant: Pass
    • 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 5.4%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.24; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.57; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 13%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 191% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 1.9% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 63.7% of revenue deployed · 67.4% of spending went to programs
  • Governance: 0 of 22 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $923K in reported program spending
  • Leadership: top reported pay $147K · 26 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $468K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Accountability: Independent voting board scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 17/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Operating margin scored 51/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.