INDUSTRIAL PROPERTIES CORPORATION (EIN 236390816) - 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

1941

Legal Domicile

Principal Officer

JASON C FINK

Phone

5703261971

Tax Period

2023-01-01 to 2023-12-31

INDUSTRIAL PROPERTIES CORPORATION, founded in 1941, is a micro nonprofit that reported $74K in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 81% operating margin.

Mission

PROMOTE INDUSTRIAL DEVELOPMENT OF LYCOMING COUNTY.

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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 $0

Investment Income $73,631

Other Revenue $75

TOTAL REVENUE $73,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $13,646

TOTAL EXPENSES $13,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,706	$42,968	+0.7%
Expenses	$13,646	$12,648	+0.1%
Net Income	$60,060	$30,320	+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

$270,441

Total Directors

$183,459

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY ALEXANDER	CHAIR	1.00	Officer Director	$0	$0	$0
JASON C FINK	PRESIDENT & SECRETARY	1.00	Officer Director	$0	$39,142	$183,459
GEORGE E LOGUE JR	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
GABRIEL A SINICROPI JR	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS P BECK	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN P COZZI	DIRECTOR	1.00	Director	$0	$0	$0
IRVIN C L GLEASON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J GLUNK	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
TONY R MUSSARE	DIRECTOR	1.00	Director	$0	$0	$0
BO HORNBERGER	VP/CFO/TREASURER	1.00	Officer	$0	$0	$86,982

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	$73,706	$13,646	$2,350,549	$60,060
2022	$42,968	$12,648	$2,290,519	$30,320
2021	$38,337	$15,146	$2,266,747	$23,191
2020	$43,618	$71,480	$2,237,821	$-27,862
2019	$42,336	$30,953	$2,269,345	$11,383
2018	$41,308	$222,844	$2,265,392	$-181,536

INDUSTRIAL PROPERTIES CORPORATION