Overview
What is Techsolve Inc?
Techsolve Inc, based in Cincinnati, Ohio, is a nonprofit organization that has been supporting Ohio manufacturers for four decades. Their primary mission is to enhance the competitiveness of companies by accelerating the implementation of technology and improving business practices, leveraging resources from industry, academia, and government. Techsolve has divided its operations into four specialty areas: 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. Techsolve's consulting services and education programs cater to a wide range of business-building needs, including innovation/product development, continuous improvement/Lean, advanced machining, cybersecurity, and supplier development programs. Serving both large OEMs and small, privately-held companies, Techsolve helps them compete in the ever-changing global marketplace. As the Manufacturing Extension Partnership (MEP) Center for SW Ohio, Techsolve serves the seven counties around Cincinnati and collaborates with other MEP centers in Ohio to provide advanced manufacturing, process improvement, cybersecurity, and business best practices to Ohio-based manufacturers.
Official website here: www.techsolve.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41% - Zero-Star out of Four Stars
Techsolve Inc has received a low score of 41% from Charity Navigator, resulting in a Zero-Star rating. This rating primarily reflects concerns over the transparency and financial management of the organization. While the nonprofit boasts a fully independent board and has established key governance policies, it fails to provide essential financial statements, which significantly impacts its accountability score.
The organization has a strong independent board structure, with 83% of its members being independent, and it adheres to several governance best practices, such as having a conflict of interest policy and a whistleblower policy in place. However, the absence of financial statements raises red flags about the organization’s financial oversight and reporting practices, which are critical for donor trust and accountability.
Moreover, the program expense ratio is quite low at 33.25%, indicating that a smaller percentage of funds are allocated towards programs compared to administrative costs. This further contributes to the concerns regarding the organization's efficiency and effectiveness in fulfilling its mission. Overall, while Techsolve Inc has some strengths in governance, its financial transparency and program spending require significant improvement.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Techsolve Inc?
100% of 7 reviewers on Facebook recommend Techsolve Inc. Here is a summary of their reviews:
The overall sentiment towards Techsolve Inc is exceptionally positive, with users praising the organization for its strong expertise in digital and industrial manufacturing. Reviewers appreciate the competence and dedication of the team, highlighting their cutting-edge solutions and innovative approaches.
People feel confident in the services provided, noting that Techsolve Inc stands out as a leader in its field. The commitment to delivering quality results has made a significant impression on those who have interacted with the nonprofit.
This AI summary has been generated from reviews found on Facebook.
Is Techsolve Inc legitimate?
Techsolve Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Techsolve Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $327,080
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,605,241
For more financial information, click here
Official website here: www.techsolve.org
What is the mission statement of Techsolve Inc?
Techsolve Inc's mission is centered around enhancing the competitiveness of companies. They achieve this by accelerating the implementation of technology and improving business practices. The organization draws upon resources from industry, academia, and government to accomplish this. Techsolve has separated its operations into four specialty areas to assist 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 offering cybersecurity consulting services.
In essence, Techsolve Inc aims to support manufacturers in becoming more competitive by leveraging advanced technology and optimizing business practices. By providing specialized services in various areas, they help companies improve their manufacturing processes, data management, and cybersecurity, ultimately leading to enhanced efficiency and competitiveness.
Official website here: www.techsolve.org
Who is the CEO of Techsolve Inc?
Daniel Catalano is the President & Ceo (Non-Voting) of Techsolve Inc. The CEO's salary of Techsolve Inc is $248,000 and their total compensation is $248,000.
Official website here: www.techsolve.org
What is the revenue of Techsolve Inc?
Techsolve Inc's revenue in 2022 was $4,889,451.
Official website here: www.techsolve.org
Who are the executives of Techsolve Inc and what are their salaries?
The average compensation at Techsolve Inc during 2022 was $50,557. There are 58 employees and 10 volunteers at Techsolve Inc.
Here are 19 key members and their salaries (Techsolve Inc's CEO's salary is $248,000 and their total compensation is $248,000):
- Compensation: $248,000
- Related: $0
- Other: $0
- Compensation: $106,540
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- Other: $0
- Compensation: $42,106
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
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- Other: $0
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- Compensation: $150,696
- Related: $0
- Other: $0
- Compensation: $146,536
- Related: $0
- Other: $0
- Compensation: $139,385
- Related: $0
- Other: $0
- Compensation: $137,500
- Related: $0
- Other: $0
- Compensation: $137,227
- Related: $0
- Other: $0
- Compensation: $141,752
- Related: $0
- Other: $0
Official website here: www.techsolve.org
Where can I find the form 990 for Techsolve Inc?
Techsolve Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.techsolve.org
Learn more at the official website: www.techsolve.org
Mission Statement of Techsolve Inc
Techsolve Inc, a company dedicated to enhancing competitiveness, strives to accelerate the implementation of technology and improve business practices. They draw upon resources from various sectors, including industry, academia, and government, to achieve this mission. Techsolve has segregated its operations into four specialized areas to aid manufacturers. These areas include machine 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. By focusing on these areas, Techsolve Inc aims to support manufacturers in their quest for technological advancement and operational efficiency.
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Impact
October, 2024
Techsolve Inc significantly boosts the competitiveness of companies, particularly manufacturers in Ohio, by facilitating the integration of advanced technology and refining business practices. Over four decades, it has emerged as a vital resource in the Cincinnati area, supporting both large OEMs and small privately-held businesses.
The organization operates through four specialty areas: enhancing machining capabilities, optimizing manufacturing and supply chain processes, harnessing data from factory systems for improved decision-making, and providing essential cybersecurity consulting services. By partnering with industry, academia, and government resources, Techsolve accelerates innovation, thereby driving investments and creating job opportunities within the local economy.
Techsolve's expertise in continuous improvement, lean methodologies, and product development makes it an invaluable asset to manufacturers looking to adapt and thrive in an increasingly complex global marketplace. Serving as the Manufacturing Extension Partnership (MEP) Center for southwestern Ohio, Techsolve collaborates with other MEP centers across the state to extend its reach and impact, ensuring Ohio manufacturers can access the latest advancements in technology and best practices. This commitment not only enhances individual company performance but also contributes to the broader economic advancement of the region.
This information is meant to be a general summary of Techsolve Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $125,033
- Program Service Revenue: $2,086,053
- Gross Receipts: $4,889,451
Assets and Liabilities:
- Total Assets: $8,594,757
- Total Liabilities: $2,567,349
- Net Assets: $6,027,408
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRODUCT SALES
Revenue
$1,189,230
CONSULTING REVENUE
Revenue
$882,716
SEMINARS & CONFERENCES
Revenue
$14,107
Organization Details
Founding Year
1982
Phone
(513) 948-2000Principal Officer
Daniel Catalano
Main Address
6705 STEGER DRIVE, CINCINNATI, OH, 45237
Website
www.techsolve.orgNTEE Category
Code: S400 - Community improvement
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