Tac Industries Inc
- Assets
- $17.7m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 318
- Location
- Springfield, OH
- Founding
- 11/1984
- Data as of
- 12/2021
- EIN
- 31-1078646
Organization Overview
Tac Industries Inc, operating under the name The Abilities Connection, is located in Springfield, OH. The organization was established in 1984. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2021, Abilities Connection employed 318 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abilities Connection 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 12/2021, Abilities Connection generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $7.8m during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROGRAMS, SERVICES, AND SUPPORTS THAT ASSIST INDIVIDUALS WITH DISABILITIES IN ACHIEVING A LIFE OF INCREASING CAPABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EMPLOYMENT OF DISABLED INDIVIDUALS TO PROVIDE CUSTOM OR SPECIALIZED PRODUCTS TO BUSINESSES IN THE SPRINGFIELD, OHIO AREA AND THE U.S. AIR FORCE. THE ORGANIZATION PERFORMS A VITAL ROLE BY REPAIRING AND MANUFACTURING AIR CARGO NETS FOR THE U.S. AIR FORCE. THE ORGANIZATION PRODUCES APPROXIMATELY 23,000 AIR CARGO NETS PER YEAR. ADDITIONALLY, THE ORGANIZATION PERFORMS METAL FABRICATION OPERATIONS SUCH AS PUNCHING, NOTCHING, SPOT WELDING, ASSEMBLING AND DRILLING TO PRODUCE PRODUCTS SUCH AS, DOOR STIFFENERS, CONVEYOR BUCKETS, AND CABINET BASES AND SHELVES.
THE ORGANIZATION ASSISTS INDIVIDUALS, WITH DISABILITIES, IN CHOOSING AND ACHIEVING A LIFE OF INCREASING CAPABILITIES SO THEY CAN LIVE, WORK, AND SPEND LEISURE TIME IN THE COMMUNITY. THIS IS ACHIEVED BY OFFERING HABILITATION SERVICES WHICH PROVIDE INDIVIDUALS THE OPPORTUNITIES TO PARTICIPATE IN ACTIVITIES, AS AN ALTERNATIVE TO WORK, SUCH AS, COMPUTER TRAINING, MONEY AND SOCIAL SKILLS TRAINING AND ARTS AND CRAFTS, COMMUNITY INCLUSION WHICH ENCOURAGES INDIVIDUALS TO EXPLORE THEIR COMMUNITY CHOICES TO DISCOVER A PLACE WHERE THEY CAN BETTER CONNECT WITH THE COMMUNITY THROUGH VOLUNTEER PLACEMENTS, AND NURSING SERVICES WHICH PROVIDES LICENSED NURSES TO OFFER A WIDE VARIETY OF NURSING SERVICES IN ACCORDANCE WITH THE INDIVIDUAL'S PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Zahora CEO | Officer | 60 | $180,982 |
Michael Ahern CFO | Officer | 60 | $138,064 |
Cassie Barlow Chairman | OfficerTrustee | 1 | $0 |
Nick Demana Vice Chairman | OfficerTrustee | 1 | $0 |
Lacey Mckinstry Secretary | OfficerTrustee | 1 | $0 |
Peggy Smith Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kapp Construction Inc Construction Services | 12/30/13 | $741,204 |
Source America Govt Contract Advocate | 12/30/13 | $154,097 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,804 |
| Total Program Service Revenue | $1,378,194 |
| Investment income | $5,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,505,705 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,778,253 |
| 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. | $360,099 |
| Compensation of current officers, directors, key employees. | $90,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,104,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $494,729 |
| Payroll taxes | $343,011 |
| 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 | $774,239 |
| Advertising and promotion | $30,280 |
| Office expenses | $123,397 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $219,849 |
| Travel | $12,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,268 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $549,679 |
| Insurance | $213,122 |
| All other expenses | $79,144 |
| Total functional expenses | $7,765,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$161,487 |
| Savings and temporary cash investments | $10,860,909 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $370,554 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,505,786 |
| Prepaid expenses and deferred charges | $173,433 |
| Net Land, buildings, and equipment | $4,353,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $530,142 |
| Intangible assets | $28,969 |
| Other assets | $0 |
| Total assets | $17,661,661 |
| Accounts payable and accrued expenses | $1,430,205 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,430,205 |
| Net assets without donor restrictions | $16,231,456 |
| 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 | $17,661,661 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tac Industries Inc has recieved totaling $79,477.
| Awarding Organization | Amount |
|---|---|
Sourceamerica Vienna, VA PURPOSE: CMMC, 14C TRANSITION, ERS GRANTS | $68,000 |
Springfield Foundation Springfield, OH PURPOSE: GENERAL SUPPORT | $11,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $177 |
Endowment Analysis
| Beg. Balance | $250,517 |
| Earnings | $50,628 |
| Admin Expense | $2,003 |
| Net Contributions | $231,000 |
| Ending Balance | $530,142 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opportunity Enterprises Inc Valparaiso, IN | $17,973,324 | $20,835,387 |
Cambria County Association For The Blind & Handicapped Inc Johnstown, PA | $104,936,762 | $37,191,994 |
Svrc Industries Inc Saginaw, MI | $26,910,154 | $10,824,855 |
Saw Inc Maple Heights, OH | $6,395,410 | $10,960,526 |
Richland Newhope Industries Inc Mansfield, OH | $8,935,690 | $8,394,692 |
Weaver Industries Inc Akron, OH | $6,119,573 | $9,368,029 |
Tac Industries Inc Springfield, OH | $17,661,661 | $9,778,253 |
Bi-County Services Inc Bluffton, IN | $7,324,940 | $7,807,647 |
Workshops Inc Canton, OH | $5,457,390 | $7,999,125 |
Alpha Group Of Delaware Inc Delaware, OH | $7,565,752 | $7,411,638 |
Lark Enterprises Inc New Castle, PA | $2,089,154 | $5,664,485 |
Jackson County Developmental Center Inc Millwood, WV | $3,126,310 | $5,044,000 |