OHIO MINORITY SUPPLIER DEVELOPMENT COUNCIL
Mission Statement
The mission of the Ohio Minority Supplier Development Council (OMSDC) is to create and foster an environment for the development of mutually beneficial relationships and opportunities between Certified Minority Business Enterprises and Member organizations. Our desire to fulfill our mission is embedded in the mission of the NMSDC, which is to expand opportunities for minority-owned companies; to encourage mutually beneficial economic links between minority suppliers and the public and private sectors; and to help build a stronger, more equitable society by supporting and promoting minority business development. OMSDC is an advocate and stresses the importance of supplier diversity. To become a Corporate Member of OMSDC the corporation must have a diversity program in place, or be willing to implement one.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
62.2% | 85.1% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
37.8% | 11.8% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.2% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.8 mo | 10.6 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
14.3% | 21.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
75.3% | 91.2% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
25.5% | 7.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
21.3% | 13.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
4.1% | 1.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $612K | 62.2% | 6 |
| 2022 | $1.1M | $1.0M | $384K | 61.5% | 6 |
| 2021 | $1.2M | $1.0M | N/A | — | 6 |
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