HASTINGS AREA INDUSTRIAL

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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

1955

Legal Domicile

Principal Officer

JAMES YEAGER

Phone

8142476111

Tax Period

2024-01-01 to 2024-12-31

HASTINGS AREA INDUSTRIAL, founded in 1955, is a micro nonprofit in the Unknown sector that reported $65K in total revenue in fiscal year 2024. Revenue surged 419% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 79% operating margin.

Mission

PROMOTE INDUSTRIAL, ECONOMIC AND COMMUNITY DEVELOPMENT IN NORTHERN CAMBRIA COUNTY AND VICINITY, PENNSYLVANIA

Program Service Accomplishments

Program 1

THE ORGANIZATION CONTINUES TO PROVIDE FOR ECONOMIC AND JOB GROWTH IN NORTHERN CAMBRIA 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $7,682

Other Revenue $56,934

TOTAL REVENUE $64,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $13,629

TOTAL EXPENSES $13,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,616	$12,454	+4.2%
Expenses	$13,629	$3,757	+2.6%
Net Income	$50,987	$8,697	+4.9%

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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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
JAMES YEAGER	PRESIDENT	5.00	Officer	$0	$0	$0
JOSEPH OWENS	VICE PRESIDENT	5.00	Officer	$0	$0	$0
ANNA MARIE MINEMYER	TREASURER	5.00	Officer	$0	$0	$0
KATHY OROURKE	SECRETARY	5.00	Officer	$0	$0	$0
PATRICIA BERNARD	ASSISTANT TREASURER	5.00	Officer	$0	$0	$0
THADDEUS RETTGER OSB	BOARD 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	$64,616	$13,629	$2,277,354	$50,987
2023	$12,454	$3,757	$2,261,425	$8,697
2022	$30,240	$4,022	$2,282,907	$26,218
2021	$38,657	$4,917	$2,292,879	$33,740
2020	$581,050	$497,740	$2,287,547	$83,310
2019	$241,946	$7,604	$2,234,845	$234,342
2018	$67,924	$32,032	$2,033,027	$35,892