Hagerstown-Washington County Industrial Found Inc (EIN 520737260) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1960

Legal Domicile

Principal Officer

GREGORY SNOOK

Phone

3017392015

Tax Period

2024-06-01 to 2025-05-31

Hagerstown-Washington County Industrial Found Inc, founded in 1960, is a small nonprofit that reported $312K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $168K, a strong 54% operating margin.

Mission

ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO DEVELOP REAL ESTATE FOR THE PURPOSE OF ENHANCING ECONOMIC AND COMMUNITY DEVELOPMENT FOR BUSINESS AND INDUSTRIAL EXPANSION IN WASHINGTON COUNTY, MARYLAND

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $265,933

Other Revenue $45,641

TOTAL REVENUE $311,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,952

Fundraising Expenses $0

Other Expenses $46,761

TOTAL EXPENSES $143,713

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,574	$213,145	+0.5%
Expenses	$143,713	$139,137	+0.0%
Net Income	$167,861	$74,008	+1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$90,000

Total Directors

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY I SNOOK	PRESIDENT/CEO	020.00	Officer Director Highest	$90,000	$0	$90,000
THOMAS C NEWCOMER	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
ANDREW G HOFFMAN	TREASURER	001.00	Officer Director	$0	$0	$0
WAYNE E ALTER JR	DIRECTOR	001.00	Director	$0	$0	$0
DONALD L HOFFMAN	DIRECTOR	001.00	Director	$0	$0	$0
JOHN W LEAGUE	DIRECTOR	001.00	Director	$0	$0	$0
ALFRED E MARTIN	ASST TREASURER	001.00	Officer Director	$0	$0	$0
JAMES R STOJAK	DIRECTOR	001.00	Director	$0	$0	$0
RONALD Z SULCHEK	DIRECTOR	001.00	Director	$0	$0	$0
JAMES KERCHEVAL	ASST SECRETARY	001.00	Officer Director	$0	$0	$0
JOHN LATIMER IV	DIRECTOR	001.00	Director	$0	$0	$0
ANDREW SARGENT	DIRECTOR	001.00	Director	$0	$0	$0
DR JIM KLAUBER	DIRECTOR	001.00	Director	$0	$0	$0
JULIE ROHM	DIRECTOR	001.00	Director	$0	$0	$0
ANDREW SERAFINI	SECRETARY	001.00	Officer 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
2025	$311,574	$143,713	$10,878,079	$167,861
2024	$213,145	$139,137	$10,445,038	$74,008
2023	$161,794	$166,296	$10,047,331	$-4,502
2022	$554,975	$123,482	$15,319,918	$431,493
2021	$118,522	$88,728	$9,938,510	$29,794

Hagerstown-Washington County Industrial Found Inc