POTOMAC HIGHLANDS AIRPORT AUTHORITY

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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

1976

Legal Domicile

Principal Officer

MICHAEL BOGGS

Phone

3047380002

Tax Period

2024-07-01 to 2025-06-30

POTOMAC HIGHLANDS AIRPORT AUTHORITY, founded in 1976, is a community nonprofit in the Public & Societal Benefit sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 63% operating margin.

Mission

OPERATE REGIONAL AIRPORT

Program Service Accomplishments

Program 1

Expenses: $900,053 Revenue: $558,199

PROVIDE MANAGEMENT AND OPERATION OF REGIONAL AIRPORT LOCATED NEAR CUMBERLAND, MD FOR THE BENEFIT OF THE REGIONAL AREA IN MARYLAND AND WEST VIRGINIA

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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 $2,665,318

Program Service Revenue $0

Investment Income $352,768

Other Revenue $214,967

TOTAL REVENUE $3,233,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,585

Fundraising Expenses $0

Program Expenses $900,053

Other Expenses $776,185

TOTAL EXPENSES $1,208,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,233,053	$2,988,646	+0.1%
Expenses	$1,208,770	$1,175,894	+0.0%
Net Income	$2,024,283	$1,812,752	+0.1%

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

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
DAVID A WHITE JR	CHAIRPERSON	1.00	Director	$0	$0	$0
MR LEON HINKLE	TREASURER	1.00	Officer Director	$0	$0	$0
MR KEVIN R CLARK	V-CHAIRPERSON	1.00	Director	$0	$0	$0
MR MICHAEL BOGGS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DAVE WEIMER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
REGINA HAMM	SECRETARY	1.00	Director	$0	$0	$0
WILLIAM ATKINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES STAGGS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS LOGSDON	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
2025	$3,233,053	$1,208,770	$46,405,790	$2,024,283
2024	$2,988,646	$1,175,894	$44,477,741	$1,812,752
2023	$7,521,951	$1,112,924	$42,502,000	$6,409,027
2022	$4,100,665	$1,080,410	$37,096,729	$3,020,255
2021	$6,048,842	$1,066,942	$33,019,795	$4,981,900
2020	$8,423,268	$1,069,778	$28,891,139	$7,353,490
2019	$8,408,906	$1,112,584	$21,818,895	$7,296,322
2018	$3,823,644	$1,266,558	$14,367,837	$2,557,086