DOWNTOWN CLEVELAND IMPROVEMENT CORPORATION (EIN 204254904) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

MICHAEL DEEMER

Phone

2167367799

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN CLEVELAND IMPROVEMENT CORPORATION, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO ENGAGE IN COORDINATING AND FACILITATING THE PLANNING, DESIGN, AND IMPLEMENTATION OF ECONOMIC AND COMMUNITY DEVELOPMENT TO BENEFIT THE PUBLIC AND ENHANCE SOCIAL WELFARE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,499,026

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,499,026

Expense Breakdown

Grants Paid $6,499,026

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,499,026

Other Expenses $0

TOTAL EXPENSES $6,499,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,499,026	$5,263,381	+0.2%
Expenses	$6,499,026	$5,263,381	+0.2%
Net Income	$0	$0	N/A

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

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH BOBECK JR	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER CARRAN	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS EINHOUSE	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT GEORGE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALBERT KRIST	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL SHAIA	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM COYNE	CHAIR	4.00	Officer Director	$0	$0	$0
MICHAEL CARNEY MAY-CURRENT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAMON FRANGOS	BOARD MEMBER	1.00	Director	$0	$0	$0
GRACE GALLUCCI JAN-MAY	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC TOLBERT RESGN JAN	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE SIKORA	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE BROADBENT	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE CALABRESE	BOARD MEMBER	1.00	Director	$0	$0	$0
INDIA BIRDSONG JAN-MAY	BOARD MEMBER	1.00	Director	$0	$0	$0
YOOFI OCRAN JAN-MAY	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SABRACOS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL APT	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF EPSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BLAINE GRIFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
YVETTE ITTU	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT LOKKE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN INTIHAR	BOARD MEMBER	1.00	Director	$0	$0	$0
DEB JANIK	TREASURER	1.00	Officer Director	$0	$0	$0
JOE KASSOUF NOV-CURRENT	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY MEULLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON PHILLIPS NOV-CURRENT	BOARD MEMBER	1.00	Director	$0	$0	$0
RICO PIETRO	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG PRICE III	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANTONIN ROBERT	SECRETARY	1.00	Officer Director	$0	$0	$0
TJ ASHER MAY-CURRENT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY BONAVITA NOV-CURRENT	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM FOLK MAY-CURRENT	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHEALE DEEMER	PRESIDENT	10.00	Officer	$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
2024	No data	No data	No data	No data
2023	$6,499,026	$6,499,026	$5,269	No data
2022	$5,263,381	$5,263,381	$5,269	No data
2021	$4,399,889	$4,399,889	$5,269	No data
2020	$3,645,562	$3,676,597	$5,269	$-31,035
2019	$4,290,071	$4,259,035	$36,304	$31,036
2018	$4,151,309	$4,151,309	$5,268	No data

DOWNTOWN CLEVELAND IMPROVEMENT CORPORATION