HOAGLAND AREA ADV ASSOC INC (EIN 237008975) - 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

1967

Legal Domicile

Principal Officer

NATHAN SCHEUMANN

Phone

2603014640

Tax Period

2024-10-01 to 2025-09-30

HOAGLAND AREA ADV ASSOC INC, founded in 1967, is a micro nonprofit in the Recreation & Sports sector that reported $72K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $64K left a modest 12% surplus.

Mission

TO ENCOURAGE, ADVANCE AND PROMOTE CIVIC, CULTURAL, COMMERCIAL, RECREATION, INDUSTRIAL AND AGRICULTURAL INTEREST OF THE HOAGLAND AREA. THE IMPROVEMENT AND DEVELOPMENT OF THE NEIGHBORHOOD AREA ENCOMPASSED BY THIS ASSOCIATION AND THE SOLUTION OF COMMUNITY PROBLEMS. TO BUILD AND PROVIDE FACILITIES FOR MEDICAL AND DENTAL SERVICES TO SERVE THE AREA AND TO BUILD AND PROVIDE RECREATIONAL FACILITIES FOR THE AREA. TO BUY, SELL OR LEASE AND TO OWN REAL ESTATE IN ITS CORPORATE IDENTITY TO CARRY OUT THE PURPOSES SET FORTH HEREIN. TO DO ALL ACTS AND THINGS NECESSARY, CONVENIENT OR EXPEDIENT TO CARRY OUT THE PURPOSES FOR WHICH IT IS FORMED.

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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 $8,496

Program Service Revenue $0

Investment Income $1

Other Revenue $63,858

TOTAL REVENUE $72,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $64,021

TOTAL EXPENSES $64,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,355	$108,832	-0.3%
Expenses	$64,021	$59,034	+0.1%
Net Income	$8,334	$49,798	-0.8%

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

450

Employees

N/A

Volunteers

100

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
AMY GRIEBEL	VICE PRESIDE	5.00	Officer	$0	$0	$0
CHAD SCHEUMANN	TREASURER	5.00	Officer	$0	$0	$0
NATHAN SCHEUMANN	PRESIDENT	10.00	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
2025	$72,355	$64,021	$1,146,399	$8,334
2024	$108,832	$59,034	$1,138,065	$49,798
2023	$262,636	$57,408	$1,088,267	$205,228
2022	$77,796	$60,526	$883,039	$17,270
2021	$87,994	$42,980	$865,769	$45,014
2020	$94,691	$36,492	$820,755	$58,199
2019	$59,639	$38,723	$762,556	$20,916

HOAGLAND AREA ADV ASSOC INC