MARKET DISTRICT IMPROVEMENT CORP

EIN: 454224664 501(c)(3) Community Improvement

CLEVELAND, OH

Total Revenue
$40,845
Total Expenses
$411,463
Total Assets
$157,950
Net Assets
$118,911
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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
2011
Legal Domicile
OH
Principal Officer
MICHAEL DOSTAL
Phone
2167813222
Tax Period
2025-01-01 to 2025-12-31

MARKET DISTRICT IMPROVEMENT CORP, founded in 2011, is a micro nonprofit in the Community Improvement sector that reported $41K in total revenue in fiscal year 2025. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $411K exceeded revenue, resulting in a 907% operating deficit.

Mission

THE OHIO CITY IMPROVEMENT CORPORATION STRIVES TO CREATE A CLEAN, SAFE, AND VIBRANT NEIGHBORHOOD THAT EMBRACES OHIO CITY'S RICH HISTORY WHILE BUILDING TOWARD THE FUTURE. OUR MISSION IS ANCHORED BY PRINCIPLES THAT BALANCE GROWTH WITH RESPECT FOR OUR ENVIRONMENT AND SOCIAL EQUITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $31,367
Program Service Revenue $0
Investment Income $9,478
Other Revenue $0
TOTAL REVENUE $40,845

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $387,924
Other Expenses $411,463
TOTAL EXPENSES $411,463

Year-over-Year Comparison

2025 2024 Change
Revenue $40,845 $747,593 -0.9%
Expenses $411,463 $695,116 -0.4%
Net Income $-370,618 $52,477 -8.1%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DOSTAL BOARD CHAIR 1.00
Officer Director
$0 $0 $0
SAM MCNULTY BOARD MEMBER 1.00
Director
$0 $0 $0
MATT MOSS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS RODRIGUEZ TREASURER 1.00
Officer Director
$0 $0 $0
JON SEEZHOLDER BOARD MEMBER 1.00
Director
$0 $0 $0
TERESA SMUCNY SECRETARY 1.00
Director
$0 $0 $0
PETER SNAVELY BOARD MEMBER 1.00
Director
$0 $0 $0
GRAHAM VEYSEY BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL VOGELSANG BOARD MEMBER 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
2025 $40,845 $411,463 $157,950 $-370,618
2024 $747,593 $695,116 $544,322 $52,477
2022 $681,406 $525,205 $430,529 $156,201
2021 $409,896 $411,001 $229,481 $-1,105
2020 $400,370 $238,841 $244,458 $161,529
2019 $242,870 $219,636 $56,319 $23,234
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