COMMUNITY IMPROVEMENT CORPORATION … - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

HAL D SHEAFFER

Phone

4192893200

Tax Period

2025-01-01 to 2025-12-31

COMMUNITY IMPROVEMENT CORPORATION OF ASHLAND OHIO, founded in 1964, is a micro nonprofit in the Community Improvement sector that reported $16K in total revenue in fiscal year 2025. The organization ran a surplus of $9K, a strong 57% operating margin.

Mission

TO PROVIDE LOW INTEREST LOANS TO QUALIFYING BUSINESSES IN ORDER TO PROMOTE INDUSTRIAL GROWTH AND CREATE NEW JOBS.

Program Service Accomplishments

Program 1

Expenses: $6,908 Revenue: $15,990

LEASING AND MAINTENANCE OF RAILWAY PROPERTY TO ENHANCE THE INDUSTRIAL BASE OF THE COMMUNITY WHILE CREATING THE OPPORTUNITY FOR NEW INDUSTRY AND JOBS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $15,990

Other Revenue $0

TOTAL REVENUE $15,990

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,908

Other Expenses $6,908

TOTAL EXPENSES $6,908

Year-over-Year Comparison

	2025	2024	Change
Revenue	$15,990	$-5,856	-3.7%
Expenses	$6,908	$5,844	+0.2%
Net Income	$9,082	$-11,700	-1.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARB QUEER	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
KEITH C BOALES	PRESIDENT	2.0	Officer Director	$0	$0	$0
CAMEO CAREY	SECRETARY	2.0	Officer Director	$0	$0	$0
HAL SHEAFFER	TREASURER	2.0	Officer 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
2025	$15,990	$6,908	$530,446	$9,082
2024	No data	No data	No data	No data
2023	$16,680	$9,164	$533,364	$7,516
2022	$25,904	$5,972	$525,848	$19,932
2021	$14,267	$6,144	$510,325	$8,123
2020	$14,147	$5,740	$506,783	$8,407
2019	$16,405	$5,807	$502,870	$10,598
2018	$19,560	$7,475	$495,769	$12,085

COMMUNITY IMPROVEMENT CORPORATION OF ASHLAND OHIO