Techsolve Inc
- Assets
- $6.9m
- Revenue
- $4.5m
- Investments
- $32.6k
- Employees
- 46
- Location
- Cincinnati, OH
- Founding
- 11/1983
- Data as of
- 09/2023
- EIN
- 31-1066383
Organization Overview
Techsolve Inc is located in Cincinnati, OH. The organization was established in 1983. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Techsolve Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Techsolve Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Techsolve Inc generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $5.4m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TECHSOLVE'S PURPOSE IS TO ENHANCE THE COMPETITIVENESS OF COMPANIES BY ACCELERATING THE IMPLEMENTATION OF TECHNOLOGY AND IMPROVING BUSINESS PRACTICES, DRAWING UPON RESOURCES OF INDUSTRY, ACADEMIA, AND GOVERNMENT. THE ORGANIZATION HAS SEPARATED ITS OPERATIONS INTO FOUR SPECIALTY AREAS TO HELP MANUFACTURERS. THESE AREAS INCLUDE MACHINING IMPROVEMENT SERVICES AND DEVELOPING PART MANUFACTURING SOLUTIONS, IMPROVING MANUFACTURING AND SUPPLY CHAIN PROCESSES, PROVIDING SOLUTIONS TO EXTRACT, LEVERAGE AND PROTECT DATA FROM FACTORY EQUIPMENT AND SYSTEMS, AND CYBERSECURITY CONSULTING SERVICES.
Describe the Organization's Program Activity:
FOR FORTY YEARS, CINCINNATI-BASED TECHSOLVE HAS HELPED OHIO MANUFACTURERS IMPLEMENT PROCESS SOLUTIONS THAT DRIVE INVESTMENT AND JOB OPPORTUNITIES HERE IN OHIO. OUR CONSULTING SERVICES AND EDUCATION PROGRAMS COVER A WIDE RANGE OF BUSINESS BUILDING NEEDS RANGING FROM INNOVATION/PRODUCT DEVELOPMENT, CONTINUOUS IMPROVEMENT/LEAN, ADVANCED MACHINING, CYBERSECURITY, AND SUPPLIER DEVELOPMENT PROGRAMS. TECHSOLVE SERVES LARGE OEMS AND SMALL, PRIVATELY-HELD COMPANIES, ALL STRIVING TO COMPETE IN AN EVER CHANGING GLOBAL MARKETPLACE. TECHSOLVE IS THE MANUFACTURING EXTENSION PARTNERSHIP (MEP) CENTER FOR SW OHIO SERVING THE 7 COUNTIES AROUND THE CITY OF CINCINNATI. TECHSOLVE WORKS WITH THE OTHER 5 OHIO MEP CENTERS TO PROVIDE ADVANCED MANUFACTURING, PROCESS IMPROVEMENT, CYBERSECURITY, AND BUSINESS BEST PRACTICES TO OHIO BASED MANUFACTURERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Linger President/ceo (non-Voting) | OfficerTrustee | 47 | $230,552 |
Cathy Koop Hr Mgr./board Secretary (non-Voting) | OfficerTrustee | 41 | $103,935 |
Brian Mcdonald Treasurer | OfficerTrustee | 40 | $65,250 |
Dan Catalano President/ceo (non-Voting) | OfficerTrustee | 47 | $0 |
Barney Bosse Chairman Of The Board | Trustee | 1 | $0 |
Melissa Parks Vice Chairman Of The Board | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcdonald Cfo Services Cfo Consulting | 9/29/22 | $173,625 |
Frost Brown Todd Legal Services | 9/29/22 | $159,165 |
Faxon Machining Inc Machining | 9/29/22 | $144,145 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,781,260 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,692 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,887,952 |
| Total Program Service Revenue | $1,544,231 |
| Investment income | $76,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,532,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $547,132 |
| Compensation of current officers, directors, key employees. | $399,243 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,860,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $191,858 |
| Payroll taxes | $194,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,501,289 |
| Advertising and promotion | $99,660 |
| Office expenses | $46,135 |
| Information technology | $78,210 |
| Royalties | $0 |
| Occupancy | $59,833 |
| Travel | $75,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,797 |
| Interest | $50,574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,260 |
| Insurance | $74,170 |
| All other expenses | $19,667 |
| Total functional expenses | $5,399,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,223 |
| Savings and temporary cash investments | $12,816 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,084,310 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,085 |
| Prepaid expenses and deferred charges | $106,615 |
| Net Land, buildings, and equipment | $2,256,598 |
| Investments—publicly traded securities | $1,969,937 |
| Investments—other securities | $32,626 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,903,210 |
| Accounts payable and accrued expenses | $1,570,140 |
| Grants payable | $0 |
| Deferred revenue | $209,841 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,779,981 |
| Net assets without donor restrictions | $5,123,229 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,903,210 |