COMMUNITY IMPROVEMENT CORPORATION O (EIN 341689583) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

JACOB PENWELL

Phone

4193475131

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY IMPROVEMENT CORPORATION O, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $409K in total revenue in fiscal year 2023. Revenue surged 125% from the prior year, signaling strong growth momentum. Expenses of $972K exceeded revenue, resulting in a 138% operating deficit.

Mission

PROVIDING AN INCLUSIVE PUBLIC PRIVATE COMMUNITY PARTNERSHIP INVESTED IN GROWTH FOR CITY OF SHELBY OHIO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $427,296

Program Service Revenue $0

Investment Income $3,199

Other Revenue $-21,463

TOTAL REVENUE $409,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $967,790

Other Expenses $971,881

TOTAL EXPENSES $971,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$409,032	$181,478	+1.3%
Expenses	$971,881	$169,692	+4.7%
Net Income	$-562,849	$11,786	-48.8%

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
JACOB PENWELL	PRESIDENT	1.00	Officer	$0	$0	$0
CODY ALBERT	VICE PRESIDE	1.00	Officer	$0	$0	$0
DR MARISSA MILLER	TREASURER	1.00	Officer	$0	$0	$0
CARRIE KEMERER	SECRETARY	1.00	Officer	$0	$0	$0
STEVEN SCHAG	TRUSTEE	1.00	Director	$0	$0	$0
JOE GIES	TRUSTEE	1.00	Director	$0	$0	$0
TIM TARVIN	TRUSTEE	1.00	Director	$0	$0	$0
GREG NICKOLI	TRUSTEE	1.00	Director	$0	$0	$0
JODIE PERRY	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN ARMINTROUT	TRUSTEE	1.00	Director	$0	$0	$0
JOHN ENSMAN	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE COPPER	TRUSTEE	1.00	Director	$0	$0	$0
RANDY SAMPSEL	TRUSTEE	1.00	Director	$0	$0	$0
STACIE GUNDER	TRUSTEE	1.00	Director	$0	$0	$0
STEVE MCLAUGHLIN	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	No data	No data	No data	No data
2023	$409,032	$971,881	$356,447	$-562,849
2022	$181,478	$169,692	$919,296	$11,786
2021	$717,900	$224,176	$907,510	$493,724
2020	$382,843	$72,230	$413,786	$310,613

COMMUNITY IMPROVEMENT CORPORATION O