Piketon Community Improvement Corp (EIN 843866417) - 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

2019

Legal Domicile

Principal Officer

Billy Spencer

Phone

7402898137

Tax Period

2024-01-01 to 2024-12-31

Piketon Community Improvement Corp, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $101K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $98K, a strong 97% operating margin.

Mission

The Piketon CIC is a non-profit organization that serves as the economic development arm for the Village of Piketon, 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,213

Program Service Revenue $100,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $101,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,472

Other Expenses $3,472

TOTAL EXPENSES $3,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,213	$151,306	-0.3%
Expenses	$3,472	$104,904	-1.0%
Net Income	$97,741	$46,402	+1.1%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ralph Douthitt	Trustee	2.00	Director	$0	$0	$0
Jennifer Chandler	Trustee	2.00	Director	$0	$0	$0
Barb Barker	Trustee	2.00	Director	$0	$0	$0
Billy Spencer	Chairman	5.00	Officer	$0	$0	$0
Megan Williams	Treasurer	5.00	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	$101,213	$3,472	$204,251	$97,741
2023	$151,306	$104,904	$106,466	$46,402
2022	$44,517	$3,716	$114,517	$40,801
2021	$50,075	$31,994	$73,716	$18,081
2020	$116,020	$60,385	$76,144	$55,635

Piketon Community Improvement Corp