COMMUNITY IMPROVEMENT CORPORATION OF SPRINGFIELD-CLARK COUNTY (EIN 237226470) - 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

1952

Legal Domicile

Principal Officer

MICHAEL MCDORMAN

Phone

9375211938

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY IMPROVEMENT CORPORATION OF SPRINGFIELD-CLARK COUNTY, founded in 1952, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

ECONOMIC DEVELOPMENT OF SPRINGFIELD AND CLARK COUNTY OHIO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $933,510

Program Service Revenue $443,862

Investment Income $33,032

Other Revenue $11,181

TOTAL REVENUE $1,421,585

Expense Breakdown

Grants Paid $96,147

Salaries & Benefits $0

Fundraising Expenses $243,146

Program Expenses $970,543

Other Expenses $1,385,345

TOTAL EXPENSES $1,724,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,421,585	$1,126,222	+0.3%
Expenses	$1,724,638	$1,375,468	+0.3%
Net Income	$-303,053	$-249,246	+0.2%

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

$312,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAREN COTTER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ESTROP	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCKINNON III	DIRECTOR	1.00	Director	$0	$0	$0
LOWELL MCGLOTHIN	DIRECTOR	1.00	Director	$0	$0	$0
ROB RUE	DIRECTOR	1.00	Director	$0	$0	$0
SUNNY DHINGRA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SASHA RITTENHOUSE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN ROBERTS	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL MCDORMAN	PRESIDENT/SECRETARY	23.00	Officer	$0	$31,326	$312,123
HORTON HOBBS	VP ECONOMIC DEVELOPMENT	40.00	Highest	$0	$30,173	$190,863

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	$1,421,585	$1,724,638	$6,944,382	$-303,053
2023	$1,126,222	$1,375,468	$7,477,872	$-249,246
2022	$1,071,452	$1,249,584	$7,180,771	$-178,132
2021	$3,552,076	$4,829,849	$8,335,009	$-1,277,773
2020	$2,033,153	$2,116,747	$12,619,734	$-83,594
2019	$2,214,225	$2,197,378	$12,455,823	$16,847
2018	$1,062,124	$1,106,025	$12,460,982	$-43,901

COMMUNITY IMPROVEMENT CORPORATION OF SPRINGFIELD-CLARK COUNTY