Ohio Capital Finance Corporation
Ohio Capital Finance Corporation consistently grows assets with low expenses and no reported officer compensation.
EIN: 10634942 · Columbus, OH · NTEE: S31 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $19.3M |
| Total Expenses | $4.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $167 |
| Net Assets | $79.5M |
| Transparency Score | 90/100 |
Is Ohio Capital Finance Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ohio Capital Finance Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ohio Capital Finance Corporation
Ohio Capital Finance Corporation (EIN: 10634942) is a nonprofit organization based in Columbus, OH, classified under NTEE code S31. The organization reported total revenue of $19.3M and total assets of $236.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ohio Capital Finance Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ohio Capital Finance Corporation is a large nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.2M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$7.1M |
| Total Assets | $167.5M |
| Total Liabilities | $88.0M |
| Net Assets | $79.5M |
| Operating Margin | 63.6% |
| Debt-to-Asset Ratio | 52.6% |
| Months of Reserves | 491.8 months |
Financial Health Grade: A
In 2023, Ohio Capital Finance Corporation reported a surplus of $7.1M with revenue exceeding expenses, holds 491.8 months of operating reserves (strong position), has a debt-to-asset ratio of 52.6% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Ohio Capital Finance Corporation's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.2% | -11.5% | +24.5% |
| 2022 | +104.9% | +36.6% | -3.7% |
| 2021 | -18.9% | +10.1% | +20.6% |
| 2020 | -29.0% | -19.4% | +17.3% |
| 2019 | +78.0% | +43.5% | +52.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ohio Capital Finance Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ohio Capital Finance Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with assets exceeding $167 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ohio Capital Finance Corporation's IRS 990 filings:
- 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
The following positive indicators were identified for Ohio Capital Finance Corporation:
- 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.
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) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Ohio Capital Finance Corporation spend its money?
Ohio Capital Finance Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ohio Capital Finance Corporation tax-deductible?
Ohio Capital Finance Corporation is registered as a tax-exempt nonprofit (EIN: 10634942). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ohio Capital Finance Corporation CEO make?
Ohio Capital Finance Corporation's highest-compensated officer earns $167 annually. The organization reported $19.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ohio Capital Finance Corporation's spending goes to programs?
Ohio Capital Finance Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ohio Capital Finance Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Ohio Capital Finance Corporation is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ohio Capital Finance Corporation located?
Ohio Capital Finance Corporation is headquartered in Columbus, Ohio and files with the IRS under EIN 10634942. It is classified under NTEE code S31.
How many years of IRS 990 filings does Ohio Capital Finance Corporation have?
Ohio Capital Finance Corporation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $19.3M in total revenue.
Is Ohio Capital Finance Corporation a good charity?
Based on the provided financial data, Ohio Capital Finance Corporation appears to be a financially healthy and efficient organization. Its consistent asset growth, low expense ratio, and reported 0% officer compensation are strong positive indicators.
How has Ohio Capital Finance Corporation's financial health changed over time?
The organization has shown remarkable financial growth, with assets increasing from $79,377,619 in 2014 to $167,509,154 in 2023. Revenue has also fluctuated but generally remained strong, consistently exceeding expenses by a significant margin.
What is the significance of 0% officer compensation?
Reporting 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through a related entity, or that compensation is not categorized as 'officer compensation' on the 990. While it indicates funds are not directly used for officer salaries, it warrants further investigation into how leadership is supported.
Filing History
IRS 990 filing history for Ohio Capital Finance Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Ohio Capital Finance Corporation's revenue has grown by 536.2%, moving from $1.8M to $11.2M. Total assets increased by 1443.7% over the same period, from $10.9M to $167.5M. Total functional expenses rose by 166.5%, from $1.5M to $4.1M. In its most recent filing year (2023), Ohio Capital Finance Corporation reported a surplus of $7.1M, with revenue exceeding expenses. The organization holds $88.0M in liabilities against $167.5M in assets (debt-to-asset ratio: 52.6%), resulting in net assets of $79.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.2M | $4.1M | $167.5M | $88.0M | — | — |
| 2022 | $18.2M | $4.6M | $134.5M | $61.8M | — | View 990 |
| 2021 | $8.9M | $3.4M | $139.8M | $80.5M | — | View 990 |
| 2020 | $10.9M | $3.1M | $115.9M | $62.2M | — | View 990 |
| 2019 | $15.4M | $3.8M | $98.9M | $53.0M | — | View 990 |
| 2018 | $8.7M | $2.7M | $64.7M | $30.5M | — | View 990 |
| 2017 | $9.0M | $2.8M | $69.6M | $41.3M | — | View 990 |
| 2016 | $5.1M | $2.9M | $50.2M | $28.2M | — | View 990 |
| 2015 | $5.8M | $2.0M | $68.4M | $48.6M | — | View 990 |
| 2014 | $5.2M | $2.6M | $79.4M | $63.3M | — | View 990 |
| 2013 | $2.0M | $2.0M | $73.5M | $60.1M | — | View 990 |
| 2012 | $4.8M | $1.8M | $19.5M | $6.1M | — | View 990 |
| 2011 | $6.9M | $1.7M | $16.4M | $5.9M | — | View 990 |
| 2010 | $1.8M | $1.5M | $10.9M | $5.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.2M, expenses of $4.1M, and assets of $167.5M (revenue -38.2% year-over-year).
- 2022: Revenue of $18.2M, expenses of $4.6M, and assets of $134.5M (revenue +104.9% year-over-year).
- 2021: Revenue of $8.9M, expenses of $3.4M, and assets of $139.8M (revenue -18.9% year-over-year).
- 2020: Revenue of $10.9M, expenses of $3.1M, and assets of $115.9M (revenue -29.0% year-over-year).
- 2019: Revenue of $15.4M, expenses of $3.8M, and assets of $98.9M (revenue +78.0% year-over-year).
- 2018: Revenue of $8.7M, expenses of $2.7M, and assets of $64.7M (revenue -3.7% year-over-year).
- 2017: Revenue of $9.0M, expenses of $2.8M, and assets of $69.6M (revenue +77.6% year-over-year).
- 2016: Revenue of $5.1M, expenses of $2.9M, and assets of $50.2M (revenue -12.3% year-over-year).
- 2015: Revenue of $5.8M, expenses of $2.0M, and assets of $68.4M (revenue +10.1% year-over-year).
- 2014: Revenue of $5.2M, expenses of $2.6M, and assets of $79.4M (revenue +159.4% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.0M, and assets of $73.5M (revenue -58.0% year-over-year).
- 2012: Revenue of $4.8M, expenses of $1.8M, and assets of $19.5M (revenue -30.1% year-over-year).
- 2011: Revenue of $6.9M, expenses of $1.7M, and assets of $16.4M (revenue +289.5% year-over-year).
- 2010: Revenue of $1.8M, expenses of $1.5M, and assets of $10.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ohio Capital Finance Corporation:
Data Sources and Methodology
This transparency report for Ohio Capital Finance Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.