COMMUNITY IMPROVEMENT CORPORATION OF FOSTORIA OHIO

EIN: 263172960 501(c)(3) Community Improvement

FOSTORIA, OH

Total Revenue
$232,577
Total Expenses
$49,647
Total Assets
$1,100,049
Net Assets
$950,049
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
OH
Principal Officer
RENEE SMITH
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY IMPROVEMENT CORPORATION OF FOSTORIA OHIO, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $233K in total revenue in fiscal year 2023. Revenue surged 782% from the prior year, signaling strong growth momentum. The organization ran a surplus of $183K, a strong 79% operating margin.

Mission

AS A DUALLY AUTHORIZED COMMUNITY IMPROVEMENT CORPORATION (CIC), THE NOT- FOR-PROFIT CORPORATION HAS BEEN ORGANIZED FOR THE PURPOSE OF ADVANCING, ENCOURAGING, AND PROMOTING THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND RESEARCH DEVELOPMENT OF OUR COMMUNITY AND COUNTY. THE MISSION OF THE CIC IS TO RETAIN, EXPAND AND ATTRACT CAPITAL INVESTMENT AND JOBS TO THE COMMUNITY OF FOSTORIA, OHIO. STRATEGIES USED TO IMPLEMENT OUR MISSION INCLUDE THE USE AND PROMOTIOM OF LOCAL, STATE AND FEDERAL FINANCIAL ASSISTANCE, TAX INCENTIVES AND TRAINING/TECHNICAL ASSISTANCE.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,000
Program Service Revenue $0
Investment Income $214,848
Other Revenue $12,729
TOTAL REVENUE $232,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $41,699
Other Expenses $49,647
TOTAL EXPENSES $49,647

Year-over-Year Comparison

2023 2022 Change
Revenue $232,577 $26,368 +7.8%
Expenses $49,647 $123,929 -0.6%
Net Income $182,930 $-97,561 -2.9%
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

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD BURNS TREASURER N/A
Officer Director
$0 $0 $0
JOSH CLARK TRUSTEE N/A
Director
$0 $0 $0
ERIC KECKLER TRUSTEE N/A
Director
$0 $0 $0
FORD MENNEL SECRETARY N/A
Officer Director
$0 $0 $0
TOM REINEKE VICE CHAIR N/A
Officer Director
$0 $0 $0
RENEE SMITH PRESIDENT N/A
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
2024 No data No data No data No data
2023 $232,577 $49,647 $1,100,049 $182,930
2022 $26,368 $123,929 $2,149,846 $-97,561
2021 $388,068 $22,138 $1,014,707 $365,930
2020 $247,160 $156,823 $605,611 $90,337
2019 $140,541 $77,246 $965,399 $63,295
2018 $98,266 $123,417 $302,103 $-25,151
Explore More Nonprofits
→Top 100 Nonprofits in Ohio →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare COMMUNITY IMPROVEMENT CORPORATION OF FOSTORIA OHIO with other nonprofits in Ohio and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.