GROVEPORT COMMUNITY IMPROVEMENT CORP

EIN: 030422755 501(c)(3) Community Improvement

GROVEPORT, OH

Total Revenue
$202,175
Total Expenses
$2,009,681
Total Assets
$94,989
Net Assets
$56,236
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
OH
Principal Officer
JASON A CARR
Phone
6148365301
Tax Period
2023-01-01 to 2023-12-31

GROVEPORT COMMUNITY IMPROVEMENT CORP, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $202K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 894% operating deficit.

Mission

THE GROVEPORT COMMUNITY IMPROVEMENT CORPORATION (THE "CORPORATION") WAS CREATED IN 2002 AND INCORPORATED AS A NOT-FOR-PROFIT CORPORATION UNDER TITLE XVII, CHAPTERS 1702 AND 1724 OF THE OHIO REVISED CODE FOR THE PURPOSE TO ADVANCE, ENCOURAGE, AND PROMOTE INDUSTRIAL, ECONOMIC, COMMERCIAL AND CIVIC DEVELOPMENT FOR THE CITY OF GROVEPORT (THE "CITY"). THE CORPORATION HAS BEEN DESIGNATED AS THE CITY'S AGENT FOR INDUSTRIAL AND COMMERCIAL DISTRIBUTIONS, RESEARCH DEVELOPMENT AND COMMUNITY EVENTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $202,175
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $202,175

Expense Breakdown

Grants Paid $2,006,468
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,006,468
Other Expenses $3,213
TOTAL EXPENSES $2,009,681

Year-over-Year Comparison

2023 2022 Change
Revenue $202,175 $1,861,725 -0.9%
Expenses $2,009,681 $2,413 +831.9%
Net Income $-1,807,506 $1,859,312 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ED DILDINE VICE PRESIDENT 1.00
Director
$0 $0 $0
JEAN ANN HILBERT BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK PICKETT PRESIDENT 1.00
Director
$0 $0 $0
JIM BEIDLER BOARD MEMBER 1.00
Director
$0 $0 $0
BEN STRUNK BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF FINNEGAN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMIE GRUBE BOARD MEMBER 1.00
Director
$0 $0 $0
BENJAMIN J KING BOARD MEMBER 1.00
Director
$0 $0 $0
JASON A CARR ACTING SECRETARY/TREASURER 1.00
Director
$0 $0 $0
ALEC LAND BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $202,175 $2,009,681 $94,989 $-1,807,506
2022 $1,861,725 $2,413 $2,141,291 $1,859,312
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