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

1989

Legal Domicile

Phone

9377484343

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY IMPROVEMENT CORPORATION OF SPRINGBORO, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $380K in total revenue in fiscal year 2024. Revenue surged 744% from the prior year, signaling strong growth momentum.

Mission

The CICs responsibilities include providing financial resources and assistance for development that benefits the business community. Due to the variable nature of local government the CIC consistently seeks potential projects that support its identified core principles of maintaining a function CIC supporting the business community developing or maintaining local infrastructure and encouraging stability and vitality within the region.

Program Service Accomplishments

Program 1

Expenses: $28,268 Revenue: $15,000

The CIC provided historical preservation grants during the year.

Program 2

Expenses: $12,513 Revenue: $15,000

The CIC provided home improvement grants during the year.

Program 3

Expenses: $50,000 Revenue: $50,000

The CIC provided one bread basket grant during the year.

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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 $380,000

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $380,008

Expense Breakdown

Grants Paid $90,781

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $390,781

Other Expenses $300,467

TOTAL EXPENSES $391,248

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,008	$45,028	+7.4%
Expenses	$391,248	$64,183	+5.1%
Net Income	$-11,240	$-19,155	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Pozzuto	President	2.00	Director	$0	$0	$0
Jon Agenboard	Vice-President	1.00	Director	$0	$0	$0
Jonathan Hudson	Secretary-Treasurer	2.00	Director	$0	$0	$0
Matt Lang	Trustee	1.00	Director	$0	$0	$0
Beth Eaton	Trustee	1.00	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
2024	$380,008	$391,248	$1,656	$-11,240

COMMUNITY IMPROVEMENT CORPORATION OF SPRINGBORO