Weaver Industries INC

Akron, OH · Public charity (501(c)(3)) · Since 1971 · Employment

✓ Tax-deductible
Revenue
$9.5M
+19% vs prior year
Spent
$9.3M
To programs
85%
Net assets
$3.0M
By yearFY2020–FY2024
Revenue
$9.5M
FY2024▲ +19%
Revenue by fiscal year
FY2020$8.7M
FY2021$9.4M
FY2022$7.9M
FY2023$8.0M
FY2024$9.5M
Expenses
$9.3M
FY2024▲ +4%
Expenses by fiscal year
FY2020$8.1M
FY2021$8.1M
FY2022$8.7M
FY2023$8.9M
FY2024$9.3M
Net assets
$3.0M
FY2024▲ +10%
Net assets by fiscal year
FY2020$3.2M
FY2021$4.5M
FY2022$3.5M
FY2023$2.7M
FY2024$3.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CWeaver Industries INC
EINHdr · item D34-1086070
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 1974
Year of formationHdr · item L1971
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CAkron, OH
NTEE classificationIRS BMFEmployment (J330)
WebsiteHdr · item Jwww.weaverindustries.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$7.9M
Management & general15%$1.4M
Total functional expensesLn 25$9.3M

Financial health

Is it on solid ground?

Program efficiency
85%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
2.6mo
months of highly liquid reserves at operating expense rate▲ +30% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▲ +119% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$6.0M
FY2024▲ +4%
Total assets by fiscal year
FY2020$4.8M
FY2021$6.1M
FY2022$6.4M
FY2023$5.7M
FY2024$6.0M
Total liabilities
$3.0M
FY2024▼ -0.7%
Total liabilities by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022$2.9M
FY2023$3.0M
FY2024$3.0M
Revenue less expensesPt I · Ln 19$214K
Total assetsPt X · Ln 16$6.0M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$735K
Total assetsLn 16$6.0M
Total liabilitiesLn 26$3.0M
Total net assetsLn 32$3.0M
Months of cash on handcomputed1.0

Statement of Revenue

Part VIII
Program service revenue$9.3M · 98%
Contributions & grants$138K · 1%
Investment income$75K · 1%
Program service revenue98%$9.3M
Contributions & grants1%$138K
Investment income1%$75K
Other revenue$20K
Total revenueLn 12$9.5M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $9.3M
2.6 months
Where the money goes
Program services
Program services $7.9M · Total expenses $9.3M
85%
Management & General
Management & general $1.4M · Total expenses $9.3M
15%
Fundraising
Fundraising $0 · Total expenses $9.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $57K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $138K · Total revenue $9.5M
1%
Government reliance
Government grants — · Total revenue $9.5M
—
Earned-income share
Program service revenue $9.3M · Total revenue $9.5M
98%
Investment reliance
Investment income $75K · Total revenue $9.5M
+0.8%
Program self-sufficiency
Program service revenue $9.3M · Total expenses $9.3M
100%
Growth & trend
Revenue growth (YoY)
This year $9.5M · Prior year $8.0M
+19%
Revenue CAGR
FY2020 $8.7M · FY2024 $9.5M
+2%
Net-asset trend (YoY)
End of year $3.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $9.5M · Expenses $9.3M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $6.0M
—
Net-asset ratio
Net assets $3.0M · Total assets $6.0M
50%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.0M
22%
People & payroll
Highest Reported Total Compensation
Individual Jeffrey S Johnson · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $208K · Total expenses $9.3M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7.1M · Total expenses $9.3M
76%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%——
Overhead ratio 15%——
Fundraising cost ratio 0%——
Revenue growth 19%——
Investment management fee ratio 0.2%——
Legal fee ratio 0.09%——
Accounting fee ratio 0.3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$207,809Pt VII · Sec A
Director of Operations & F
$134,630Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Jeffrey S Johnson’s $208K as Executive Director is at the 86th percentile of top reported officer pay among 1245 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jeffrey S Johnson$207,809$194,691———
Jeffrey Johnson——$204,614$193,276$194,992
Carla McDonald$134,630$133,928$110,928$109,607—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Creates jobs for individuals with developmental disabilities.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $5.4M of program spending, described in the organization's own filed words · FY2024.
01

Propak Packaging and Assembly Services

Propak provides organizational employment packaging services in a structured and supportive work setting. 138 clients served in 2024, 253 days of service.

$2.2Mprogram expense
02

Truclean Janitorial Services

Truclean provides supported employment cleaning services in small work groups out in the community. 53 clients served in 2024 with 253 days of service.

$2.1Mprogram expense
03

Community group employment provides supported employment services in small work groups out at partner businesses in the community. 45 clients served in 2024 with 253 days of service.

$1.1Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
SourceamericaFY2024$34K
Total grants receivedfrom 5 funders$70K
See all 5 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $9.5M$9.3M+19% 990 PDF
FY2023 $8.0M$8.9M+1% 990 PDF
FY2022 $7.9M$8.7M-16% 990 PDF
FY2021 $9.4M$8.1M+7% 990 PDF
FY2020 $8.7M$8.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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