ELYRIA COMMUNITY IMPROVEMENT CORPORATION (EIN 472250959) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Phone

4403261400

Tax Period

2024-07-01 to 2025-06-30

ELYRIA COMMUNITY IMPROVEMENT CORPORATION, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $139K in total revenue in fiscal year 2024. Revenue surged 929% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112K, a strong 81% operating margin.

Mission

TO BE AN ECONOMIC DEVELOPMENT CORPORATION UNDER CHAPTER 1724 O.R.C. TO ADVANCE, ENCOURAGE AND PROMOTE INDUSTRIAL, ECONOMIC, COMMERCIAL, DISTRIBUTION, RESEARCH AND CIVIC DEVELOPMENT OF ELYRIA, OHIO, AND TO BE AT ALL TIMES OPERATED FOR CHARITABLE, EDUCATIONAL OR SCIENTIFIC PURPOSES

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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 $0

Program Service Revenue $0

Investment Income $135,995

Other Revenue $3,008

TOTAL REVENUE $139,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,812

Other Expenses $26,812

TOTAL EXPENSES $26,812

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,003	$13,508	+9.3%
Expenses	$26,812	$17,778	+0.5%
Net Income	$112,191	$-4,270	-27.3%

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	Role	Reportable Comp	Other Comp	Total
AMANDA DEERY	DIRECTOR	Director	$0	$0	$0
ROBERT VANDEMARK	DIRECTOR	Director	$0	$0	$0
MATTHEW G VAN WORMER	DIRECTOR	Director	$0	$0	$0
CHAD SCHNEIDER	DIRECTOR	Director	$0	$0	$0
KEVIN A BRUBAKER	PRESIDENT	Officer Director	$0	$0	$0
TED M PILESKI	TREASURER	Officer Director	$0	$0	$0
MARK CRAIG	SECRETARY	Officer 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	$139,003	$26,812	$995,321	$112,191
2024	$13,508	$17,778	$1,076,020	$-4,270
2023	$13,680	$41,222	$1,085,351	$-27,542
2022	$2,952	$163,677	$1,121,107	$-160,725
2021	$17,625	$65,525	$1,281,832	$-47,900

ELYRIA COMMUNITY IMPROVEMENT CORPORATION