CUYAHOGA FALLS, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS, founded in 1970, is a small nonprofit that reported $440K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $289K, a strong 66% operating margin.
THE COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS WAS FORMED IN JULY 1970 AND INCORPORATED AS A CORPORATION NOT-FOR-PROFIT UNDER TITLE XVII, CHAPTERS 1702 AND 1724 OF THE OHIO REVISED CODE. THE STATED PURPOSE OF THE CORPORATION IS TO ADVANCE, ENCOURAGE, AND PROMOTE THE INDUSTRIAL, COMMERCIAL, CIVIC, AND ECONOMIC DEVELOPMENT OF THE CITY OF CUYAHOGA FALLS, OHIO UNDER APPLICABLE SECTIONS OF THE OHIO REVISED CODE. THE CORPORATION PROVIDES "GAP" FINANCIAL ASSISTANCE TO ELIGIBLE BUSINESSES IN THE CITY OF CUYAHOGA FALLS. FINANCIAL ASSISTANCE IS PROVIDED TO FOR- PROFIT ORGANIZATIONS THAT ARE INELIGIBLE FOR FINANCING THROUGH TRADITIONAL LENDING INSTITUTIONS. THE CIC FINANCING WILL NOT EXCEED 30% OF THE ORGANIZATION'S TOTAL PROJECT EXPENSES. THE FUNDING IS USED FOR THE PURCHASE OF EQUIPMENT AND/OR ASSETS FOR THE BUSINESS. ASSISTANCE IS PROVIDED IN INCREMENTS BETWEEN 50,000-100,000, DEPENDING ON THE NEEDS OF THE BUSINESS. PAYMENTS ARE DEFERRED FOR THE FIRST YEAR OF FINANCING AND THEN AMORTI
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $440,227 | $1,963,946 | -0.8% |
| Expenses | $151,640 | $790,360 | -0.8% |
| Net Income | $288,587 | $1,173,586 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANTHONY ZUMBO | TRUSTEE | 1.00 |
Director
|
$0 | $56,158 | $208,930 |
| JANET CIOTOLA | TRUSTEE | 1.00 |
Director
|
$0 | $47,988 | $208,642 |
| BRYAN HOFFMAN | TRUSTEE | 1.00 |
Director
|
$0 | $46,196 | $201,525 |
| DON WALTERS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $45,894 | $194,562 |
| DIANA COLAVECCHIO | VICE PRESIDE | 1.00 |
Officer
Director
|
$0 | $36,235 | $188,743 |
| MARY SPAUGY | TREASURER | 1.00 |
Officer
Director
|
$0 | $31,242 | $157,829 |
| LORI JONES | SECRETARY | 1.00 |
Officer
Director
|
$0 | $42,335 | $110,046 |
| AARON BARNHART | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL TESTA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES WEST | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $440,227 | $151,640 | $2,193,953 | $288,587 |
| 2023 | $1,963,946 | $790,360 | $2,107,150 | $1,173,586 |
| 2022 | $2,062,563 | $66,760 | $2,066,815 | $1,995,803 |
| 2021 | $19,895 | $91,287 | $71,992 | $-71,392 |
| 2020 | $24,736 | $23,026 | $145,918 | $1,710 |
| 2019 | $-262,707 | $19,022 | $143,448 | $-281,729 |
| 2018 | $59 | $12,717 | $428,728 | $-12,658 |
Compare COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS with other nonprofits in Ohio and across the country.