TWINSBURG COMMUNITY IMPROVEMENT CORPORATION

EIN: 463353343 501(c)(3) Community Improvement

TWINSBURG, OH

Total Revenue
$122,721
Total Expenses
$19,289
Total Assets
$1,323,401
Net Assets
$1,323,401
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
OH
Principal Officer
BILL FUREY
Phone
3309636154
Tax Period
2024-01-01 to 2024-12-31

TWINSBURG COMMUNITY IMPROVEMENT CORPORATION, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $123K in total revenue in fiscal year 2024. Revenue surged 339% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103K, a strong 84% operating margin.

Mission

TO ADVANCE, ENCOURAGE AND PROMOTE THE INDUSTRIAL, ECONOMIC, COMMERCIAL, DISTRIBUTION, RESEARCH AND CIVIC DEVELOPMENT OF TWINSBURG, OHIO.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $12,269

ACTIVITIES RELATED TO ADVANCING, ENCOURAGING AND PROMOTING THE INDUSTRIAL, ECONOMIC, COMMERCIAL, DISTRIBUTION, RESEARCH AND CIVIC DEVELOPMENT OF TWINSBURG, 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $100,254
Program Service Revenue $12,249
Investment Income $10,198
Other Revenue $20
TOTAL REVENUE $122,721

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $19,289
TOTAL EXPENSES $19,289

Year-over-Year Comparison

2024 2023 Change
Revenue $122,721 $27,935 +3.4%
Expenses $19,289 $24,539 -0.2%
Net Income $103,432 $3,396 +29.5%
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

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
8
Independent Members
8
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL FUREY SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
SAM SCAFFIDE TRUSTEE 1.00
Director
$0 $0 $0
MATT CELLURA TRUSTEE 1.00
Director
$0 $0 $0
JEFF DEEDS TRUSTEE 1.00
Director
$0 $0 $0
DOYLE STUTZMAN TRUSTEE 1.00
Director
$0 $0 $0
KATHI PROCOP TRUSTEE 1.00
Director
$0 $0 $0
KAREN LABBE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
GREGG RALL PRESIDENT 1.00
Officer Director
$0 $0 $0
REBECCA ZIEGLER EXECUTIVE DIRECTOR 1.00
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
2024 $122,721 $19,289 $1,323,401 $103,432
2023 $27,935 $24,539 $1,219,969 $3,396
2022 $107,541 $12,041 $1,216,573 $95,500
2021 $86,687 $20,813 $1,171,490 $65,874
2020 $60,677 $47,416 $1,160,616 $13,261
2019 $106,096 $25,123 $1,032,355 $80,973
2018 $108,027 $46,205 $1,006,382 $61,822
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