CITY OF MORGANTOWN INDUSTRIAL HOLDING CORPORATION (EIN 611178808) - 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

1986

Legal Domicile

Principal Officer

SHARON JOHNSON

Phone

2705263557

Tax Period

2024-07-01 to 2025-06-30

CITY OF MORGANTOWN INDUSTRIAL HOLDING CORPORATION, founded in 1986, is a micro nonprofit that reported $13K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $21K exceeded revenue, resulting in a 60% operating deficit.

Mission

PROMOTE INDUSTRY IN THE CITY OF MORGANTOWN, KY.

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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 $0

Program Service Revenue $0

Investment Income $9,031

Other Revenue $4,273

TOTAL REVENUE $13,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,293

Other Expenses $21,293

TOTAL EXPENSES $21,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,304	$8,182	+0.6%
Expenses	$21,293	$250,000	-0.9%
Net Income	$-7,989	$-241,818	-1.0%

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

Independent Members

N/A

Employees

N/A

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

$10,000

Total Directors

$25,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIONNE MERRITT	SECRETARY	1.00	Officer Director	$0	$0	$5,000
AMY DEWEESE	DIRECTOR	1.00	Director	$0	$0	$5,000
SHARON JOHNSON	PRESIDENT	1.00	Officer Director	$0	$0	$5,000
RUSSELL GIVENS	DIRECTOR	1.00	Director	$0	$0	$5,000
TELIA KEOWN	DIRECTOR	1.00	Director	$0	$0	$2,500
MICHAEL GARY	DIRECTOR	1.00	Director	$0	$0	$2,500

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	$13,304	$21,293	$1,462,626	$-7,989
2024	$8,182	$250,000	$1,470,615	$-241,818
2023	$9,976	$5,191	$1,712,433	$4,785
2022	$276	$9,227	$1,707,648	$-8,951
2021	$51,022	$5,965	$1,739,741	$45,057

CITY OF MORGANTOWN INDUSTRIAL HOLDING CORPORATION