Quick charity verification for Ohio Capital Finance Corporation (EIN: 10634942)
Verdict: Ohio Capital Finance Corporation appears trustworthy
90/100Mission Score
$19.3MRevenue
$236.9MAssets
2Red Flags
5Strengths
Red Flags
Consistent 0% officer compensation for an organization of this size could indicate compensation is reported elsewhere or through a related entity, warranting deeper scrutiny.
Specific program spending details are not available in the provided summary, making it difficult to fully assess program efficiency.
Strengths
Strong financial health with consistent asset growth, from $79M in 2014 to $167M in 2023.
Very low expense ratio relative to revenue, indicating efficient operations (e.g., 2023 expenses were $4M vs. $11M revenue).
Consistent 0% reported officer compensation, suggesting a strong commitment to mission over executive pay.
Long history of IRS 990 filings (14 filings), demonstrating transparency and compliance.
Significant revenue generation, with latest reported revenue at $19,346,452.
Spending Breakdown
How Ohio Capital Finance Corporation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Ohio Capital Finance Corporation
Is Ohio Capital Finance Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ohio Capital Finance Corporation (EIN: 10634942) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Ohio Capital Finance Corporation a good charity to donate to?
Ohio Capital Finance Corporation has a Mission Score of 90/100. Revenue: $19.3M. Assets: $236.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ohio Capital Finance Corporation?
The Employer Identification Number (EIN) for Ohio Capital Finance Corporation is 10634942. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Ohio Capital Finance Corporation spend its money?
Ohio Capital Finance Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ohio Capital Finance Corporation's tax-exempt status?
You can verify Ohio Capital Finance Corporation's tax-exempt status using EIN 10634942 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Ohio Capital Finance Corporation demonstrates strong financial health and efficient spending based on its IRS 990 filings. The organization consistently reports significantly higher revenues than expenses, leading to substantial growth in assets over the past decade, from $79 million in 2014 to $167 million in 2023. This indicates effective financial management and an ability to build reserves. The consistent reporting of 0% officer compensation suggests a commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of transparency and donor trust.
The organization's spending efficiency is notable, with expenses typically representing a small fraction of its revenue. For instance, in 2023, expenses were $4,087,135 against revenues of $11,231,940, indicating that a large portion of its income is retained or reinvested. While the specific breakdown of program, administrative, and fundraising expenses isn't directly provided in the summary data, the overall low expense ratio suggests a lean operational structure. The consistent filing of 990s over 14 periods further demonstrates a commitment to regulatory compliance and financial transparency.