Worthington Community Improvement Corp

EIN: 263090940 501(c)(3) Community Improvement

Worthington, OH

Total Revenue
$30,886
Total Expenses
$32,370
Total Assets
$1,060,009
Net Assets
$1,060,009
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
OH
Principal Officer
Scott Bartter
Phone
6144363100
Tax Period
2023-01-01 to 2023-12-31

Worthington Community Improvement Corp, founded in 2008, is a micro nonprofit in the Community Improvement sector that reported $31K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Net assets of $1.1M represent 412 months of operating reserves.

Mission

The Worthington Community Improvement Corporation's mission and purpose is to advance,encourage and promote the industrial, economic, commercial and civic development in the City of Worthington in order to further promote the health, safety, morals and general welfare of the residents.

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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 $0
Program Service Revenue $30,525
Investment Income $361
Other Revenue $0
TOTAL REVENUE $30,886

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,118
Other Expenses $32,370
TOTAL EXPENSES $32,370

Year-over-Year Comparison

2023 2022 Change
Revenue $30,886 $23,442 +0.3%
Expenses $32,370 $30,435 +0.1%
Net Income $-1,484 $-6,993 -0.8%
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

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Governance

Voting Members
10
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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Green Board Member-Chair/President 1.00
Officer Director
$0 $0 $0
Rebecca Hermann Board Member-Vice Chair/Secretary 0.00
Officer Director
$0 $0 $0
Scott Bartter Board Member-Treasurer 0.00
Officer Director
$0 $0 $0
A J Mangan Board Member 0.00
Director
$0 $0 $0
Matt Welch Board Member 0.00
Director
$0 $0 $0
Kathy Holcombe Board Member 0.00
Director
$0 $0 $0
Bonnie Michael Board Member 0.00
Director
$0 $0 $0
Beth Sommer Board Member 0.00
Director
$0 $0 $0
Becky Princehorn Board Member 0.00
Director
$0 $0 $0
Matt Gregory Board Member 0.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $30,886 $32,370 $1,060,009 $-1,484
2022 $23,442 $30,435 $1,061,493 $-6,993
2021 $486,178 $24,134 $1,068,486 $462,044
2020 $339 $15,169 $606,442 $-14,830
2019 $1,827 $8,014 $621,272 $-6,187
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