COMMUNITY IMPROVEMENT CORPORATION (EIN 112917169) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

MARIA DEMATOS

Phone

7183663800

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY IMPROVEMENT CORPORATION, founded in 1987, is a small nonprofit that reported $303K in total revenue in fiscal year 2024. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $394K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO OPERATE A BUILDING IN BROOKLYN, NY FOR USE AS A MULTI-SERVICE CENTER TO IMPROVE THE PHYSICAL ENVIRONMENT OF THE COMMUNITY AS WELL AS PERFORM RESEARCH, STUDIES, AND EDUCATE THE RISEBORO COMMUNITY REGARDING THE VARIOUS APPROACHES TO THE ECONOMIC AND CULTURAL IMPROVEMENT OF THE COMMUNITY.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $241,656

Program Service Revenue $58,688

Investment Income $2,324

Other Revenue $0

TOTAL REVENUE $302,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $387,213

Other Expenses $393,626

TOTAL EXPENSES $393,626

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,668	$2,295,943	-0.9%
Expenses	$393,626	$1,095,799	-0.6%
Net Income	$-90,958	$1,200,144	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

N/A

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

$1,843,600

Total Directors

$1,461,101

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIERAN HARRINGTON	PRESIDENT/CEO	1.00	Officer Director	$0	$0	$363,462
SCOTT SHORT	PRESIDENT/CEO THRU JUNE 2024	1.00	Officer Director	$0	$27,839	$650,193
EMILY KURTZ	VICE PRESIDENT	1.00	Officer Director	$0	$27,683	$317,090
DEAN ANGELAKOS	SECRETARY	1.00	Officer Director	$0	$0	$130,356
MARIA DEMATOS	CFO	1.00	Officer	$0	$0	$256,015
VISHAL CHAWLA	CFO THRU MAY 2024	1.00	Officer	$0	$0	$126,484

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
2024	$302,668	$393,626	$851,755	$-90,958
2023	$2,295,943	$1,095,799	$1,512,578	$1,200,144
2022	$2,831,226	$1,786,110	$1,619,224	$1,045,116
2021	$3,255,662	$1,686,986	$1,141,121	$1,568,676
2020	$2,481,174	$702,052	$1,202,718	$1,779,122
2019	$525,474	$693,090	$1,659,822	$-167,616
2018	$227,383	$290,155	$1,680,540	$-62,772

COMMUNITY IMPROVEMENT CORPORATION