Ohio Connections Academy Inc

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Ohio Connections Academy Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Ohio Connections Academy Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Ohio Connections Academy Inc in one place.

Is Ohio Connections Academy Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Ohio Connections Academy Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Ohio Connections Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Ohio Connections Academy Inc

Ohio Connections Academy Inc (EIN: 161677822) is a nonprofit organization based in Mason, OH, classified under NTEE code B90. The organization reported total revenue of $45.1M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ohio Connections Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Ohio Connections Academy Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Ohio Connections Academy Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 206.6% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Ohio Connections Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.

IRS Tax-Exempt Classification

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 Connections Academy Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Ohio Connections Academy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $1.4M, with expenses exceeding revenue.
• Debt-to-asset ratio: 206.6%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity of its size with revenues exceeding $40 million. This suggests that executive compensation may be covered by a parent organization or not directly reported on the 990, warranting further inquiry into the full compensation structure for key personnel.

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 Connections Academy Inc's IRS 990 filings:

• Consistently high liabilities exceeding assets (e.g., $30.2M liabilities vs. $14.6M assets in 2023)
• Unusually low or 0% reported officer compensation for an organization of this size, potentially obscuring executive pay structure.

Strengths

The following positive indicators were identified for Ohio Connections Academy Inc:

• Consistent revenue generation, exceeding $40 million in recent years.
• Steady growth in assets over time, indicating some financial accumulation.
• Likely strong program spending ratio, typical for educational institutions.

Frequently Asked Questions about Ohio Connections Academy Inc

Filing History

IRS 990 filing history for Ohio Connections Academy Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Ohio Connections Academy Inc's revenue has grown by 144.7%, moving from $17.6M to $43.1M. Total assets increased by 1591.7% over the same period, from $865K to $14.6M. Total functional expenses rose by 152.4%, from $17.6M to $44.5M. In its most recent filing year (2023), Ohio Connections Academy Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $30.2M in liabilities against $14.6M in assets (debt-to-asset ratio: 206.6%), resulting in net assets of $-15,596,638.

Year-by-Year Financial Summary

• 2023: Revenue of $43.1M, expenses of $44.5M, and assets of $14.6M (revenue -3.2% year-over-year).
• 2022: Revenue of $44.6M, expenses of $44.2M, and assets of $14.5M (revenue +5.2% year-over-year).
• 2021: Revenue of $42.4M, expenses of $44.3M, and assets of $13.7M (revenue +27.0% year-over-year).
• 2020: Revenue of $33.4M, expenses of $35.2M, and assets of $11.0M (revenue -2.4% year-over-year).
• 2019: Revenue of $34.2M, expenses of $32.7M, and assets of $11.0M (revenue +12.0% year-over-year).
• 2018: Revenue of $30.5M, expenses of $23.9M, and assets of $7.6M (revenue +23.0% year-over-year).
• 2017: Revenue of $24.8M, expenses of $25.6M, and assets of $7.8M (revenue -3.6% year-over-year).
• 2016: Revenue of $25.7M, expenses of $25.6M, and assets of $5.6M (revenue +7.0% year-over-year).
• 2015: Revenue of $24.1M, expenses of $23.9M, and assets of $4.0M (revenue +5.4% year-over-year).
• 2014: Revenue of $22.8M, expenses of $22.9M, and assets of $2.9M (revenue +5.9% year-over-year).
• 2013: Revenue of $21.6M, expenses of $21.5M, and assets of $2.6M (revenue +3.5% year-over-year).
• 2012: Revenue of $20.8M, expenses of $20.6M, and assets of $3.6M (revenue +18.3% year-over-year).
• 2011: Revenue of $17.6M, expenses of $17.6M, and assets of $865K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Ohio Connections Academy Inc:

Data Sources and Methodology

This transparency report for Ohio Connections Academy Inc 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.