Waynesboro Industrial Development Corp (EIN 251143060) - 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

1960

Legal Domicile

Principal Officer

Jackie Mowen

Phone

7177627123

Tax Period

2024-01-01 to 2024-12-31

Waynesboro Industrial Development Corp, founded in 1960, is a micro nonprofit that reported $37K in total revenue in fiscal year 2024. Revenue surged 2244% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 76% operating margin.

Mission

To acquire, own, improve, develop, mortgage, operate, lease, dispose of and otherwise deal with real and personal property in Waynesboro and Franklin County, Pennsylvania, which can appropriately and legally be used toward advancement of commercial, industrial, civic and general interest of Waynesboro and the Waynesboro Area; with the goal of promoting, attracting, stimulating, rehabilitating and revitalizing commerce, industry and manufacturing in this area.

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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 $1,631

Investment Income $34,931

Other Revenue $0

TOTAL REVENUE $36,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $8,940

TOTAL EXPENSES $8,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,562	$1,560	+22.4%
Expenses	$8,940	$58,992	-0.8%
Net Income	$27,622	$-57,432	-1.5%

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
Vern Ashway	Director	0.25	Director	$0	$0	$0
Kenneth Myers	Director	0.25	Director	$0	$0	$0
Jason Stains	Secretary	0.25	Officer Director	$0	$0	$0
Kristyn Martin	Director	0.25	Director	$0	$0	$0
Jeremy Fogelsonger	Director	0.25	Director	$0	$0	$0
Patrick Fleagle	Director	0.25	Director	$0	$0	$0
Matthew Brown	Director	0.25	Director	$0	$0	$0
Andrew Benchoff	Vice President	0.25	Officer Director	$0	$0	$0
Don Smith	Director	0.25	Director	$0	$0	$0
Bill Kohler	Treasurer	0.25	Officer Director	$0	$0	$0
James Bakner	Director	0.25	Director	$0	$0	$0
Justin Dunlap	Director	0.25	Director	$0	$0	$0
Natasha Koons	President & CEO	0.25	Officer Director	$0	$0	$0
Denny Shockey	Director	0.25	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	$36,562	$8,940	$704,644	$27,622
2023	$1,560	$58,992	$651,723	$-57,432
2022	$30,241	$57,880	$647,688	$-27,639
2021	$44,706	$56,291	$760,193	$-11,585
2020	$16,343	$7,173	$758,579	$9,170
2020	$16,343	$12,698	$753,054	$3,645
2019	$95,314	$5,129	$721,839	$90,185
2018	$82,818	$9,141	$628,888	$73,677

Waynesboro Industrial Development Corp