COMMUNITY IMPROVEMENT CORPORATION OF FAIRFIELD (EIN 922542744) - 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

2015

Legal Domicile

Principal Officer

SCOTT W TIMMER

Phone

5138675345

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY IMPROVEMENT CORPORATION OF FAIRFIELD, founded in 2015, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. The organization ran a surplus of $3.1M, a strong 96% operating margin.

Mission

Advance, encourage, and promote the industrial, economic, commerical, and civic developement of the City of Fairfield, Ohio. The CIC facilitates property redevelopment activities on behalf of the city, including property acquisitions, demolition, and disposal.

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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 $3,300,000

Program Service Revenue $0

Investment Income $0

Other Revenue $-27,435

TOTAL REVENUE $3,272,565

Expense Breakdown

Grants Paid $65,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,923

Other Expenses $79,923

TOTAL EXPENSES $144,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,272,565	N/A	N/A
Expenses	$144,923	N/A	N/A
Net Income	$3,127,642	N/A	N/A

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
SCOTT W TIMMER	PRESIDENT	2.00	Officer	$0	$0	$0
MITCH RHODUS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
CHRIS HACKER	SECRETARY/TREASURER	2.00	Officer	$0	$0	$0
MATT DAVIDSON	MEMBER	1.00	Director	$0	$0	$0
GWEN BRILL	MEMBER	1.00	Director	$0	$0	$0
JIM MITCHELL	MEMBER	N/A	Director	$0	$0	$0
PEGGY EMERSON	MEMBER	1.00	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	$3,272,565	$144,923	$5,185,848	$3,127,642

COMMUNITY IMPROVEMENT CORPORATION OF FAIRFIELD