Carmichael Improvement District

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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

2016

Legal Domicile

Phone

9164813015

Tax Period

2024-01-01 to 2024-12-31

Carmichael Improvement District, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $562K in total revenue in fiscal year 2024. Expenses of $514K left a modest 9% surplus.

Mission

To advance and promote the common interest of Carmichael business and property owners by fostering economic development, security, and clean streets.

Program Service Accomplishments

Program 1

Expenses: $255,252

Clean and Safe enhancements focus on making the District a safe place to do business. Clean and safe enhancements include: contracting with qualified private security to engage and patrol the...

Clean and Safe enhancements focus on making the District a safe place to do business. Clean and safe enhancements include: contracting with qualified private security to engage and patrol the District, coordinating with Sacramento County Sheriff to control vagrancy, property damage, encampment, and petty crimes; contracting with service provider for regular litter cleanup, graffiti identification and removal, illegal dump removal, abandoned car and shopping cart removal, and other sanitation services; and identifying and assisting with code violations and concerns.

Program 2

Expenses: $59,870

Streetscape and Maintenance enhancements intends to make the District more accessible and attractive to potential tenants and customers while present businesses thrive. Streetscape and Maintenance...

Streetscape and Maintenance enhancements intends to make the District more accessible and attractive to potential tenants and customers while present businesses thrive. Streetscape and Maintenance enhancements include purchase and installation of pole banners and other branded expressions which serve to showcase shopping opportunities while presenting a cohesive image of community pride; pursuit of grant opportunities to construct features around the District that celebrate the history and unique vitality of Carmichael.

Program 3

Expenses: $46,136

Economic Enhancements focus on increasing business sales in an effort to attract new establishments, and increase occupancy and rental rates. Economic Enhancements include funding business publicity opportunities, funding marketing programs, and supporting the business community with ways to increase sales and area appeal of District to daily commuters, greater area residents, and regular visitors.

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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 $23,025

Program Service Revenue $548,335

Investment Income $44

Other Revenue $-8,996

TOTAL REVENUE $562,408

Expense Breakdown

Grants Paid $26,390

Salaries & Benefits $45,158

Fundraising Expenses $0

Program Expenses $364,708

Other Expenses $442,749

TOTAL EXPENSES $514,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$562,408	$531,720	+0.1%
Expenses	$514,297	$563,747	-0.1%
Net Income	$48,111	$-32,027	-2.5%

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

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

$40,997

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diane Ebbit	Executive Director	40.00	Officer	$30,833	$0	$30,833
Samantha Beck	Executive Director	40.00	Officer	$10,164	$0	$10,164
Joe Covington	Member	3.00	Director	$0	$0	$0
Vanessa McCarthy-Olmstead	Executive Committee	6.50	Director	$0	$0	$0
Mike Blondino	Member	3.00	Director	$0	$0	$0
Stacey Yankee	Member	3.00	Director	$0	$0	$0
Izzy Delancy	Director	3.00	Director	$0	$0	$0
Eric Price	Member	3.00	Director	$0	$0	$0
Matt Potratz	Member	3.00	Director	$0	$0	$0
Nicholas Bloise	Treasurer	3.00	Officer Director	$0	$0	$0
James Eowan	Board Chair	18.00	Officer Director	$0	$0	$0
Rosie Buck	Secretary	12.50	Officer Director	$0	$0	$0
Gregg Jones	Vice Chair	3.00	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	$562,408	$514,297	$302,701	$48,111
2023	$531,720	$563,747	$255,938	$-32,027
2022	$614,894	$502,925	$244,312	$111,969
2021	$329,666	$388,846	$132,099	$-59,180
2020	$314,537	$345,129	$191,251	$-30,592