COMMUNITY IMPROVEMENT CORPORATION OF WARREN AND TRUMBULL COUNTY

EIN: 346575991

YOUNGSTOWN, OH

Total Revenue
$6,369
Total Expenses
$12,154
Total Assets
$349,578
Net Assets
$348,878
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
OH
Principal Officer
PHIL O'HARA
Phone
3307442131
Tax Period
2021-01-01 to 2021-12-31

COMMUNITY IMPROVEMENT CORPORATION OF WARREN AND TRUMBULL COUNTY, founded in 1966, is a micro nonprofit that reported $6K in total revenue in fiscal year 2021. Revenue decreased 18% compared to the prior year. Expenses of $12K exceeded revenue, resulting in a 91% operating deficit.

Mission

TO ADVANCE, ENCOURAGE, AND PROMOTE INDUSTRIAL AND CIVIC DEVELOPMENT OF THE WARREN AND TRUMBULL COUNTY AREA.

Program Service Accomplishments

Program 1
Expenses: $3,588 Revenue: $3,029

THE ORGANIZATION ASSISTS AREA BUSINESSES IN COMMERCIAL DEVELOPMENT AND EQUIPMENT PURCHASES TO ENHANCE ECONOMIC DEVELOPMENT IN THE WARREN AND TRUMBULL COUNTY AREA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,593
Investment Income $3,195
Other Revenue $1,581
TOTAL REVENUE $6,369

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,588
Other Expenses $12,154
TOTAL EXPENSES $12,154

Year-over-Year Comparison

2021 2020 Change
Revenue $6,369 $7,814 -0.2%
Expenses $12,154 $19,187 -0.4%
Net Income $-5,785 $-11,373 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
16

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
3
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHIL O'HARA CHAIRMAN 0.25
Officer Director
$0 $0 $0
MAURO CANTALAMESSA BOARD MEMBER 0.25
Director
$0 $0 $0
FRANK FUDA BOARD MEMBER 0.25
Director
$0 $0 $0
DOUG FRANKLIN BOARD MEMBER 0.25
Director
$0 $0 $0
STANLEY FERET TREASURER 0.25
Officer Director
$0 $0 $0
KEVIN REILLY VICE-CHAIR 0.25
Officer Director
$0 $0 $0
MIKE KEYS BOARD MEMBER 0.25
Director
$0 $0 $0
JIM KINNICK BOARD MEMBER 0.25
Director
$0 $0 $0
JOHN MOLITERNO BOARD MEMBER 0.25
Director
$0 $0 $0
ERIC DAVIS BOARD MEMBER 0.25
Director
$0 $0 $0
STEPHANIE HERRON BOARD MEMBER 0.25
Director
$0 $0 $0
KEVIN MURPHY BOARD MEMBER 0.25
Director
$0 $0 $0
EDDIE COLBERT BOARD MEMBER 0.25
Director
$0 $0 $0
NIKI FRENCHKO BOARD MEMBER 0.25
Director
$0 $0 $0
MATT MARTIN BOARD MEMBER 0.25
Director
$0 $0 $0
DON THOMAS BOARD MEMBER 0.25
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
2021 $6,369 $12,154 $349,578 $-5,785
2020 $7,814 $19,187 $360,532 $-11,373
2019 $-291,157 $58,821 $357,374 $-349,978
2018 $48,310 $505,301 $735,741 $-456,991
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