HAVRE DE GRACE RECREATION COMMITTE… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

JAMES NEMETH

Phone

4109396724

Tax Period

2024-01-01 to 2024-12-31

HAVRE DE GRACE RECREATION COMMITTEEINC, founded in 1980, is a small nonprofit in the Recreation & Sports sector that reported $430K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

PROMOTE AND MAINTAIN PUBLIC RECREATION ACTIVITIES FOR CHILDREN AND ADULTS IN THE COMMUNITY OF HDG, MD

Program Service Accomplishments

Program 1

Expenses: $370,681 Revenue: $446,677

PROVIDE AND CONDUCT RECREATIONAL ACTIVITIES FOR CHILDREN AND ADULTS SUCH AS SPORTS, PERFORMANCES AND SOCIAL EVENTS.

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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 $42,525

Program Service Revenue $350,723

Investment Income $5,004

Other Revenue $31,998

TOTAL REVENUE $430,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $370,681

Other Expenses $418,832

TOTAL EXPENSES $418,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$430,250	$465,981	-0.1%
Expenses	$418,832	$450,349	-0.1%
Net Income	$11,418	$15,632	-0.3%

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

195

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
MICHELLE HOFFMAN	PRESIDENT	6.00	Officer	$0	$0	$0
STEVEN SNYDER	VICE PRESIDENT	3.00	Officer	$0	$0	$0
JAMES NEMETH	TREASURER	7.00	Officer	$0	$0	$0
LISA BELCHER	SECRETARY	4.00	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	No data	No data	No data	No data
2024	$430,250	$418,832	$437,876	$11,418
2023	$465,981	$450,349	$431,638	$15,632
2022	$441,196	$368,772	$431,497	$72,424
2021	$273,248	$223,610	$337,810	$49,638
2020	$97,735	$122,746	$288,172	$-25,011
2019	$441,473	$438,241	$317,906	$3,232

HAVRE DE GRACE RECREATION COMMITTEEINC