CANTON COMMUNITY IMPROVEMENT CORP

🔒

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

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

Willam Sherer II

Phone

3304384127

Tax Period

2024-01-01 to 2024-12-31

CANTON COMMUNITY IMPROVEMENT CORP, founded in 1980, is a micro nonprofit that reported $487K in total revenue in fiscal year 2024. Revenue fell 312% from the prior year — a significant decline worth monitoring.

Mission

ECONOMIC DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $60,939

THE CORPORATION ISSUES LOAN AND GRANT FUNDS FOR ECONOMIC DEVELOPMENT PROJECTS AND FACADE RENOVATIONS WITHIN THE CITY OF CANTON IN ORDER TO CREATE AND RETAIN JOBS FOR LOW-AND-MODERATE INCOME PERSONS...

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $453,188

Program Service Revenue $0

Investment Income $-939,993

Other Revenue $0

TOTAL REVENUE $-486,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,939

Other Expenses $68,560

TOTAL EXPENSES $68,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-486,805	$229,476	-3.1%
Expenses	$68,560	$192,417	-0.6%
Net Income	$-555,365	$37,059	-16.0%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Willam Sherer II	President	1.00	Officer Director	$0	$0	$0
John Highman Jr	Director	1.00	Director	$0	$0	$0
John Mariol	Director	1.00	Director	$0	$0	$0
Emil Alecusan	Director	1.00	Director	$0	$0	$0
Robert Thompson	Director	1.00	Director	$0	$0	$0
Jeff Dafler	Director	1.00	Director	$0	$0	$0
Jason Scaglione	Director	1.00	Director	$0	$0	$0
Darren Mayle	Director	1.00	Director	$0	$0	$0
Chris Smith	Director	1.00	Director	$0	$0	$0
Jake Croston Jr	Director	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	$-486,805	$68,560	$758,958	$-555,365
2023	$229,476	$192,417	$1,314,323	$37,059
2022	$493,464	$360,910	$1,283,183	$132,554
2021	$1,232,010	$207,284	$1,167,613	$1,024,726
2020	$240,097	$305,545	$152,784	$-65,448
2018	$138,279	$126,439	$934,151	$11,840