HUNTINGTON INDUSTRIAL CORPORATION

EIN: 556016398

HUNTINGTON, WV

Total Revenue
$68,681
Total Expenses
$126,074
Total Assets
$10,428,990
Net Assets
$6,070,137
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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
1942
Legal Domicile
WV
Principal Officer
DAVID H LIEVING
Phone
3045251161
Tax Period
2023-01-01 to 2023-12-31

HUNTINGTON INDUSTRIAL CORPORATION, founded in 1942, is a micro nonprofit that reported $69K in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. Expenses of $126K exceeded revenue, resulting in a 84% operating deficit.

Mission

ECONOMIC DEVELOPMENT IN THE METRO REGION OF HUNTINGTON, 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $82,226
Other Revenue $-13,545
TOTAL REVENUE $68,681

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $126,074
TOTAL EXPENSES $126,074

Year-over-Year Comparison

2023 2022 Change
Revenue $68,681 $36,613 +0.9%
Expenses $126,074 $196,710 -0.4%
Net Income $-57,393 $-160,097 -0.6%
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

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Governance

Voting Members
36
Independent Members
36
Employees
N/A
Volunteers
36

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
5
$120,000
Total Directors
36
$120,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID LIEVING PRESIDENT 2.00
Officer Director
$0 $0 $120,000
D SPENCER MURPHY BOARD CHAIRMAN 2.00
Officer Director
$0 $0 $0
JOHN STUMP VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
SCOTT A RIEDEL SECRETARY 2.00
Officer Director
$0 $0 $0
MARK MORGAN TREASURER 2.00
Officer Director
$0 $0 $0
HEATHER VANATER BOARD MEMBER 2.00
Director
$0 $0 $0
STEVEN G STEWART BOARD MEMBER 2.00
Director
$0 $0 $0
LIZA CALDWELL BOARD MEMBER 2.00
Director
$0 $0 $0
RYAN SAXE BOARD MEMBER 2.00
Director
$0 $0 $0
BILL JONES BOARD MEMBER 2.00
Director
$0 $0 $0
BEN NEWHOUSE BOARD MEMBER 2.00
Director
$0 $0 $0
STEVE WILLIAMS BOARD MEMBER 2.00
Director
$0 $0 $0
JIM FITZWATER BOARD MEMBER 2.00
Director
$0 $0 $0
L ALLEN BURNER BOARD MEMBER 2.00
Director
$0 $0 $0
DANIEL A EARL BOARD MEMBER 2.00
Director
$0 $0 $0
MATTHEW M WAGNER BOARD MEMBER 2.00
Director
$0 $0 $0
CATHY BURNS BOARD MEMBER 2.00
Director
$0 $0 $0
TRICIA BALL BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHEN J GOLDER BOARD MEMBER 2.00
Director
$0 $0 $0
BRAD D SMITH BOARD MEMBER 2.00
Director
$0 $0 $0
DR JOHN M MAHER BOARD MEMBER 2.00
Director
$0 $0 $0
TONEY STROUD BOARD MEMBER 2.00
Director
$0 $0 $0
DR KEVIN YINGLING BOARD MEMBER 2.00
Director
$0 $0 $0
JOSH BAKER BOARD MEMBER 2.00
Director
$0 $0 $0
CR NEIGHBORGALL IV BOARD MEMBER 2.00
Director
$0 $0 $0
KEITH BURDETTE BOARD MEMBER 2.00
Director
$0 $0 $0
ANDY BOWEN BOARD MEMBER 2.00
Director
$0 $0 $0
CHUCK OLDAKER JR BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN SPOOR BOARD MEMBER 2.00
Director
$0 $0 $0
GEOFFREY SHIELS BOARD MEMBER 2.00
Director
$0 $0 $0
ANDREW DAWSON BOARD MEMBER 2.00
Director
$0 $0 $0
CHRIS TATUM BOARD MEMBER 2.00
Director
$0 $0 $0
JEFF MADDOX BOARD MEMBER 2.00
Director
$0 $0 $0
LARRY S CASTLE BOARD MEMBER 2.00
Director
$0 $0 $0
TOBY TAYLOR BOARD MEMBER 2.00
Director
$0 $0 $0
NICHOLAS MAYO BOARD MEMBER 2.00
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
2024 No data No data No data No data
2023 $68,681 $126,074 $10,428,990 $-57,393
2022 $36,613 $196,710 $7,476,964 $-160,097
2021 $191,793 $259,335 $9,629,069 $-67,542
2020 $151,773 $228,816 $9,277,482 $-77,043
2019 $162,834 $203,923 $9,206,063 $-41,089
2018 $82,115 $362,196 $9,302,732 $-280,081
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