HAGERSTOWN COMMUNITY COLLEGE FOUNDATION INC

EIN: 237121670 501(c)(3) Education

HAGERSTOWN, MD

Total Revenue
$1,992,131
Total Expenses
$1,252,400
Total Assets
$23,794,295
Net Assets
$23,683,168
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
MD
Principal Officer
DAVID ABELES
Phone
2405002000
Tax Period
2022-07-01 to 2023-06-30

HAGERSTOWN COMMUNITY COLLEGE FOUNDATION INC, founded in 1968, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2022. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $740K, a strong 37% operating margin.

Mission

THE ASSOCIATION'S ACTIVITIES AND PROJECTS SUPPORT HAGERSTOWN COMMUNITY COLLEGE AND ITS STUDENTS

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,248,901
Program Service Revenue $0
Investment Income $651,929
Other Revenue $91,301
TOTAL REVENUE $1,992,131

Expense Breakdown

Grants Paid $1,032,999
Salaries & Benefits $0
Fundraising Expenses $13,488
Program Expenses $1,041,760
Other Expenses $219,401
TOTAL EXPENSES $1,252,400

Year-over-Year Comparison

2022 2021 Change
Revenue $1,992,131 $8,438,842 -0.8%
Expenses $1,252,400 $1,148,651 +0.1%
Net Income $739,731 $7,290,191 -0.9%
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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Governance

Voting Members
29
Independent Members
29
Employees
N/A
Volunteers
40

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
6
$105,437
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ABELES PRESIDENT 2.00
Officer Director
$0 $0 $0
MELINDA WORDEN SECRETARY, BOARD DEVELOPME 1.00
Officer Director
$0 $0 $0
MARY HEIZER TREASURER, USMF LIAISON 1.00
Officer Director
$0 $0 $0
JULIE DONAT VP, RESOURCE DVLPT CMTE CHAIR 1.00
Officer Director
$0 $0 $0
WILLIAM FRITTS II PAST-PRESIDENT 1.00
Officer Director
$0 $0 $0
BRENDA HASSINGER ALUMNI REP, SCHOLARSHIP CMTE CHAIR 0.50
Director
$0 $0 $0
MICHAEL GEHR BOOSTER REPRESENTATIVE 0.50
Director
$0 $0 $0
JAMES PIERNE FACULTY REPRESENTATIVE 0.50
Director
$0 $0 $0
BRENTON ROHRER SIODA REPRESENTATIVE 0.50
Director
$0 $0 $0
PAULA LAMPTON TRUSTEE LIAISON 0.50
Director
$0 $0 $0
JOHN WILLIAMSON TRUSTEE LIAISON 0.50
Director
$0 $0 $0
JONNY BARR DIRECTOR 0.50
Director
$0 $0 $0
JODI BLAIR DIRECTOR 0.50
Director
$0 $0 $0
LIEBA COHEN DIRECTOR 0.50
Director
$0 $0 $0
PAUL CRAMPTON III DIRECTOR 0.50
Director
$0 $0 $0
TAYLOR DAVIS DIRECTOR 0.50
Director
$0 $0 $0
LINDA EBERSOLE DIRECTOR 0.50
Director
$0 $0 $0
ELLEN GERCKE DIRECTOR 0.50
Director
$0 $0 $0
LAURA HERRERA DIRECTOR 0.50
Director
$0 $0 $0
JUDITH KOFOET DIRECTOR 0.50
Director
$0 $0 $0
JOHN LATIMER IV DIRECTOR 0.50
Director
$0 $0 $0
ALAN LEVIN DIRECTOR 0.50
Director
$0 $0 $0
VIRGINIA LINDSAY DIRECTOR 0.50
Director
$0 $0 $0
CARROL LOURIE DIRECTOR 0.50
Director
$0 $0 $0
JOHN MILLER DIRECTOR 0.50
Director
$0 $0 $0
GEORGE NEWMAN III DIRECTOR 0.50
Director
$0 $0 $0
DAVID RISSER DIRECTOR 0.50
Director
$0 $0 $0
JOAN SCHUPP DIRECTOR 0.50
Director
$0 $0 $0
DUSTIN WATSON DIRECTOR 0.50
Director
$0 $0 $0
DR ASHLEY WHALEY SR DIR, COLLEGE ADVANCEMEN 37.50
Officer
$0 $16,152 $105,437
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,992,131 $1,252,400 $23,794,295 $739,731
2022 $8,438,842 $1,148,651 $22,565,769 $7,290,191
2021 $1,593,789 $982,232 $16,770,286 $611,557
2020 $2,293,756 $982,232 $13,263,110 $1,311,524
2019 $1,810,116 $951,385 $12,639,660 $858,731
2018 $1,287,435 $1,016,551 $11,580,535 $270,884
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