COMMUNITY IMPROVEMENT CORPORATION OF FAIRLAWN OHIO

EIN: 800828055 501(c)(3) Community Improvement

Fairlawn, OH

Total Revenue
$275,127
Total Expenses
$86,287
Total Assets
$1,190,035
Net Assets
$1,190,029
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
OH
Principal Officer
Christopher Tipping
Phone
3306689500
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY IMPROVEMENT CORPORATION OF FAIRLAWN OHIO, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $275K in total revenue in fiscal year 2024. Revenue surged 254647% from the prior year, signaling strong growth momentum. The organization ran a surplus of $189K, a strong 69% operating margin.

Mission

The Corporation was organized under Ohio Revised Code Chapter 1724 for the purpose of advancing, encouraging, and promoting the industrial, economic, commercial, and civic development of Fairlawn, Ohio and to facilitate the reclamation, rehabilitation, and re-utilization of real property in the City.

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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 $275,117
Program Service Revenue $0
Investment Income $10
Other Revenue $0
TOTAL REVENUE $275,127

Expense Breakdown

Grants Paid $83,809
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $83,809
Other Expenses $2,478
TOTAL EXPENSES $86,287

Year-over-Year Comparison

2024 2023 Change
Revenue $275,127 $108 +2546.5%
Expenses $86,287 $2,770 +30.2%
Net Income $188,840 $-2,662 -71.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
4
Employees
N/A
Volunteers
12

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
$10,822
Total Directors
8
$299,042
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ernie Staten Trustee 0.10
Director
$0 $0 $194,023
Russell Sharnsky Trustee 0.10
Director
$0 $0 $84,197
Jonathon Groza Secretary 0.10
Officer Director
$0 $0 $10,822
Mark Ludwig Trustee 0.10
Director
$0 $0 $10,000
Barbara Potts Trustee 0.10
Director
$0 $0 $0
Christopher Tipping President 0.10
Officer Director
$0 $0 $0
Timothy Sisler Vice-President 0.10
Officer Director
$0 $0 $0
Raymond Lampner Treasurer 0.10
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
2024 $275,127 $86,287 $1,190,035 $188,840
2023 $108 $2,770 $1,001,462 $-2,662
2022 $25,222 $11,195 $1,004,078 $14,027
2021 $670,786 $10,814 $989,824 $659,972
2020 No data $440,690 $329,852 No data
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