GROVE PUBLIC IMPROVEMENT COMPANY

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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

2017

Legal Domicile

Principal Officer

MICHAEL STAENBERG

Phone

7196350330

Tax Period

2023-01-01 to 2023-12-31

GROVE PUBLIC IMPROVEMENT COMPANY, founded in 2017, is a small nonprofit that reported $260K in total revenue in fiscal year 2023. The organization ran a surplus of $111K, a strong 43% operating margin.

Mission

COLLECTING AND HOLDING PUBLIC IMPROVEMENT FEES TO SUPPORT THE PLANNING, CONSTRUCTION, OPERATION AND ON GOING MAINTENENCE OF COMMON AREAS AND INFRASTRUCTURE WITHIN THE GROVE COMMERCIAL AND RETAIL DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $134,261 Revenue: $260,100

COLLECTING AND HOLDING PUBLIC IMPROVEMENT FEES TO SUPPORT THE PLANNING, CONSTRUCTION, OPERATION AND ON GOING MAINTENENCE OF COMMON AREAS AND INFRASTRUCTURE WITHIN THE GROVE COMMERCIAL AND RETAIL...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $260,100

Investment Income $0

Other Revenue $0

TOTAL REVENUE $260,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,261

Other Expenses $148,715

TOTAL EXPENSES $148,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,100	$253,729	+0.0%
Expenses	$148,715	$666,149	-0.8%
Net Income	$111,385	$-412,420	-1.3%

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

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
MICHAEL H STAENBERG	PRESIDENT	1.00	Officer Director	$0	$0	$0
CYRUS D BECKHAM	TREASURER/SECRETARY	1.00	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	No data	No data	No data	No data
2023	$260,100	$148,715	$3,422,245	$111,385
2022	$253,729	$666,149	$3,572,379	$-412,420
2021	$241,930	$140,941	$3,697,812	$100,989