CIVIC DEVELOPMENT CORPORATION OF ASHTABULA COUNTY

EIN: 340843430 501(c)(3) Philanthropy & Grantmaking

ASHTABULA, OH

Total Revenue
$638,461
Total Expenses
$488,525
Total Assets
$1,794,323
Net Assets
$1,741,721
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
OH
Principal Officer
LORI HERPEN DECATO
Phone
4409922336
Tax Period
2024-01-01 to 2024-12-31

CIVIC DEVELOPMENT CORPORATION OF ASHTABULA COUNTY, founded in 1960, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $638K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $150K, a strong 23% operating margin.

Mission

THE CIVIC DEVELOPMENT CORPORATION OF ASHTABULA COUNTY IMPROVES THE QUALITY OF LIFE IN OUR COMMUNITY BY SURVEYING ITS STAKEHOLDERS, DEVELOPING STRATEGIC OBJECTIVES, IDENTIFYING IMPACTFUL PROJECTS, RAISING FUNDS, AND PROVIDING OVERSIGHT FOR THE SUCCESSFUL COMPLETION OF THOSE PROJECTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $548,488
Program Service Revenue $0
Investment Income $89,973
Other Revenue $0
TOTAL REVENUE $638,461

Expense Breakdown

Grants Paid $389,060
Salaries & Benefits $62,000
Fundraising Expenses $0
Program Expenses $457,807
Other Expenses $37,465
TOTAL EXPENSES $488,525

Year-over-Year Comparison

2024 2023 Change
Revenue $638,461 $424,665 +0.5%
Expenses $488,525 $264,634 +0.8%
Net Income $149,936 $160,031 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
1
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
4
$0
Total Directors
10
$62,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMANDA TIROTTA EXECUTIVE DIRECTOR 40.00
Director
$62,000 $0 $62,000
DONALD W CHAPLIN TRUSTEE 2.00
Director
$0 $0 $0
BRIAN DIEHL TRUSTEE 2.00
Director
$0 $0 $0
KENNETH KISTER TRUSTEE 2.00
Director
$0 $0 $0
JIM JANSON TRUSTEE 2.00
Director
$0 $0 $0
ASHLEY CARLUCCI TRUSTEE 2.00
Director
$0 $0 $0
STANLEY GLASKY TRUSTEE 2.00
Director
$0 $0 $0
SHAUN BELL TRUSTEE 2.00
Director
$0 $0 $0
JEFFREY COXON TRUSTEE 2.00
Director
$0 $0 $0
BRANDI HAUGHT TRUSTEE 2.00
Director
$0 $0 $0
LORI A HERPEN PRESIDENT 10.00
Officer
$0 $0 $0
CHERYL HELLMER SECRETARY 10.00
Officer
$0 $0 $0
DIANA SPENCER TREASURER 10.00
Officer
$0 $0 $0
TIM LEEHAN VICE PRESIDENT 10.00
Officer
$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 $638,461 $488,525 $1,794,323 $149,936
2023 $424,665 $264,634 $1,625,579 $160,031
2022 $311,953 $364,897 $1,399,270 $-52,944
2021 $331,574 $200,247 $1,490,829 $131,327
2020 $225,935 $208,951 $1,368,169 $16,984
2019 $763,731 $213,003 $1,320,151 $550,728
2018 $270,156 $198,767 $718,813 $71,389
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