SENECA IMPROVEMENTS CORPORATION (EIN 813814597) - 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

2016

Legal Domicile

Phone

8648852722

Tax Period

2024-07-01 to 2025-06-30

SENECA IMPROVEMENTS CORPORATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $284K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $88K, a strong 31% operating margin.

Mission

TO ASSIST AND LESSEN THE BURDENS OF THE CITY OF SENECA BY AIDING ECONOMICALLY DEPRESSED AREAS OF THE CITY, BENEFITING ECONOMICALLY DISADVANTAGED CITIZENS OF THE CITY, AND AIDING BUSINESSES TO LOCATE OR REMAIN IN ECONOMICALLY DEPRESSED AREAS AND THEREBY PROVIDE JOB CREATION AND TRAINING TO THE UNEMPLOYED OR UNDEREMPLOYED IN SUCH AREAS.

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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 $2,725,803

Program Service Revenue $0

Investment Income $-2,442,180

Other Revenue $0

TOTAL REVENUE $283,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $183,487

Other Expenses $195,437

TOTAL EXPENSES $195,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$283,623	$2,096,608	-0.9%
Expenses	$195,437	$123,076	+0.6%
Net Income	$88,186	$1,973,532	-1.0%

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

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
DANIELLE SMITH	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
ROBERT W FAIRES III	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
SCOTT MOULDER	PRESIDENT	1.0	Officer Director	$0	$0	$0
DANIEL ALEXANDER	DIRECTOR	1.0	Director	$0	$0	$0
JOSH RICHES	DIRECTOR	1.0	Director	$0	$0	$0
XAVIER BAUGUESS	DIRECTOR	1.0	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	$283,623	$195,437	$6,826,310	$88,186
2024	$2,096,608	$123,076	$8,184,786	$1,973,532
2023	$3,221,808	$166,014	$4,772,004	$3,055,794
2021	$224,624	$392,202	$2,813,539	$-167,578
2020	$573,779	$115,952	$2,982,236	$457,827
2019	$1,298,601	$12,158	$1,724,409	$1,286,443
2018	$138,505	No data	$337,965	No data

SENECA IMPROVEMENTS CORPORATION