Ohio Connections Academy Inc

Ohio Connections Academy Inc. maintains high liabilities despite consistent revenue and asset growth.

EIN: 161677822 · Mason, OH · NTEE: B90 · Updated: 2026-03-28

$45.1MRevenue

$12.4MAssets

70/100Mission Score (Good)

B90

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.

AI Transparency Report

Ohio Connections Academy Inc. demonstrates consistent financial activity, with revenues and expenses in the range of $30-45 million over the past few years. The organization's assets have grown steadily, reaching $14.6 million in 2023, indicating some financial stability. However, a significant concern is the high level of liabilities, which stood at $30.2 million in 2023, consistently exceeding assets. This suggests a reliance on debt or other obligations, which could pose a long-term risk if not managed effectively.

The organization's spending efficiency appears to be focused on its program services, as indicated by the typical spending breakdown for similar educational institutions. The consistent reporting of 0% officer compensation across all filings is a notable aspect of its transparency, suggesting that top leadership may not be directly compensated through the organization's funds or that compensation is reported differently. This practice, while seemingly positive for transparency, warrants further investigation to understand the full compensation structure if any key personnel are involved in management.

Overall, while the organization maintains a substantial operational scale and appears to direct funds towards its mission, the persistent and growing gap between assets and liabilities is a critical area for scrutiny. The lack of reported officer compensation is a positive transparency indicator, but the overall financial health could be strengthened by addressing the high liability burden.

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.

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

Why are liabilities consistently higher than assets, reaching $30.2 million in 2023?

The consistent and growing gap between liabilities and assets suggests a reliance on debt or other obligations. This could be due to operational financing, capital expenditures, or inter-company loans, and warrants further investigation into the nature of these liabilities.

How is executive compensation handled if 0% is reported on the 990?

The consistent reporting of 0% officer compensation for an organization of this scale is uncommon. It's possible that executives are compensated by a parent organization (e.g., Connections Education LLC) or through a different reporting mechanism not captured in this specific line item on the 990.

What is the specific breakdown of program service expenses?

While the overall program spending is estimated to be high, a detailed breakdown of how these funds are allocated (e.g., teacher salaries, curriculum development, technology infrastructure) would provide greater insight into operational efficiency.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$43.1M	$44.5M	$14.6M	$30.2M	—	View 990
2022	$44.6M	$44.2M	$14.5M	$28.8M	—	View 990
2021	$42.4M	$44.3M	$13.7M	$28.4M	—	View 990
2020	$33.4M	$35.2M	$11.0M	$23.7M	—	View 990
2019	$34.2M	$32.7M	$11.0M	$21.8M	—	View 990
2018	$30.5M	$23.9M	$7.6M	$19.8M	—	View 990
2017	$24.8M	$25.6M	$7.8M	$23.3M	—	View 990
2016	$25.7M	$25.6M	$5.6M	$20.4M	—	View 990
2015	$24.1M	$23.9M	$4.0M	$18.9M	—	View 990
2014	$22.8M	$22.9M	$2.9M	$2.9M	—	View 990
2013	$21.6M	$21.5M	$2.6M	$2.6M	—	View 990
2012	$20.8M	$20.6M	$3.6M	$3.6M	—	View 990
2011	$17.6M	$17.6M	$865K	$836K	—	View 990

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.

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.