NORTH CANTON COMMUNITY IMPROVEMENT… - Form 990 Financial Data

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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

2021

Legal Domicile

Principal Officer

JINA E ALABACK

Tax Period

2024-01-01 to 2024-12-31

NORTH CANTON COMMUNITY IMPROVEMENT CORPORATION, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $607K, a strong 25% operating margin.

Mission

To advance, encourage and promote the industrial, economic commercial, and civic development of the City of North Canton.

Program Service Accomplishments

Program 1

Expenses: $1,803,166 Revenue: $2,410,518

To advance, encourage and promote industrial, economic, commercial and civic development of the City of North Canton.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,994,200

Program Service Revenue $0

Investment Income $995

Other Revenue $415,323

TOTAL REVENUE $2,410,518

Expense Breakdown

Grants Paid $1,661,009

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,803,166

Other Expenses $142,157

TOTAL EXPENSES $1,803,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,410,518	$6,558,964	-0.6%
Expenses	$1,803,166	$9,973,505	-0.8%
Net Income	$607,352	$-3,414,541	-1.2%

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

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
STEPHAN WILDER	PRESIDENT	001.00	Officer Director	$0	$0	$0
MATTHEW STROIA	VICE-PRESIDENT	001.00	Officer Director	$0	$0	$0
JOE CHEVRAUX	MEMBER	001.00	Director	$0	$0	$0
JON ZEPP	MEMBER	001.00	Director	$0	$0	$0
RYAN GROSSCHMIDT	MEMBER	001.00	Director	$0	$0	$0
TIM MCMORT	MEMBER	001.00	Director	$0	$0	$0
JINA ALABACK	TREASURER	N/A	Officer	$0	$0	$0
CATHERINE FARINA	SECRETARY	N/A	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
2025	No data	No data	No data	No data
2024	$2,410,518	$1,803,166	$3,763,538	$607,352
2023	$6,558,964	$9,973,505	$4,180,421	$-3,414,541
2022	$4,160,557	$801,336	$7,374,301	$3,359,221
2021	$176,240	$38,677	$2,106,820	$137,563

NORTH CANTON COMMUNITY IMPROVEMENT CORPORATION