HUDSON ESSEX TERRAPLANE INC (EIN 310919108) - 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

1959

Legal Domicile

Principal Officer

SUELLYN RODY

Phone

2604148230

Tax Period

2024-07-01 to 2025-06-30

HUDSON ESSEX TERRAPLANE INC, founded in 1959, is a small nonprofit that reported $183K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $202K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO PRESERVING THE PRODUCTS OF THE HUDSON MOTOR CAR COMPANY OF DETROIT, MICHIGAN WHICH PRODUCED VEHICLES FOR 45 YEARS FROM 1909 UNTIL 1954 AND AMERICAN MOTORS CORPORATION WHO PRODUCED HUDSON AUTOMOBILES FROM 1955 UNTIL 1957.

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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 $4,150

Program Service Revenue $172,817

Investment Income $919

Other Revenue $4,986

TOTAL REVENUE $182,872

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $193,872

Other Expenses $199,861

TOTAL EXPENSES $201,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$182,872	$155,906	+0.2%
Expenses	$201,861	$175,494	+0.2%
Net Income	$-18,989	$-19,588	0.0%

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

2679

Independent Members

2679

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
DOUG BOMARITO	DIRECTOR	1.50	Director	$0	$0	$0
BRIAN VAN BUSKIRK	DIRECTOR	1.50	Director	$0	$0	$0
HENRY DABROWSKI	DIRECTOR	1.50	Director	$0	$0	$0
JOE DELANEY	DIRECTOR	1.50	Director	$0	$0	$0
MATT FAUST	DIRECTOR	1.50	Director	$0	$0	$0
ED FIRESTONE	DIRECTOR	1.50	Director	$0	$0	$0
BOB HALVERSON	DIRECTOR	1.50	Director	$0	$0	$0
MARK HUFFMAN	DIRECTOR	1.50	Director	$0	$0	$0
RAY KLEIN	DIRECTOR	1.50	Director	$0	$0	$0
TERRY NAU	DIRECTOR	1.50	Director	$0	$0	$0
DICK TEETER	DIRECTOR	1.50	Director	$0	$0	$0
DIANNE WEBB	DIRECTOR	1.50	Director	$0	$0	$0
GREG DAVIS	VICE PRESIDE	1.50	Officer	$0	$0	$0
JOHN FORKNER	PRESIDENT	1.50	Officer	$0	$0	$0
CARMEN LAFLAMME	SECRETARY	1.50	Officer	$0	$0	$0
SUELLYN RODY	TREASURER	1.50	Officer	$0	$0	$0
DAVID TUTTLE	ASST. TREASU	1.50	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	$182,872	$201,861	$272,694	$-18,989
2024	$155,906	$175,494	$291,683	$-19,588
2023	$180,420	$181,467	$311,146	$-1,047
2022	$131,829	$137,503	$311,193	$-5,674
2021	$170,027	$134,411	$315,084	$35,616
2020	$140,723	$185,638	$279,468	$-44,915
2019	$222,108	$166,252	$324,383	$55,856
2018	$178,562	$162,293	$268,527	$16,269

HUDSON ESSEX TERRAPLANE INC