HAGERSTOWN MULTI-USE SPORTS AND EVENTS FACILITY INC (EIN 611999611) - 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

2021

Legal Domicile

Principal Officer

GREGORY SNOOK

Phone

3017392015

Tax Period

2024-06-01 to 2025-05-31

HAGERSTOWN MULTI-USE SPORTS AND EVENTS FACILITY INC, founded in 2021, is a mid-sized nonprofit in the Recreation & Sports sector that reported $83.0M in total revenue in fiscal year 2024. Revenue surged 49283% from the prior year, signaling strong growth momentum. The organization ran a surplus of $80.5M, a strong 97% operating margin.

Mission

TO OWN, OPERATE, MAINTAIN, PROMOTE AND LEASE A NEW STADIUM AND MULTI-USE FACILITY CONSTRUCTED IN DOWNTOWN HAGERSTOWN, MD. THE FACILITYS ONE LONG TERM TENANT IS A MINOR LEAGUE BASEBALL TEAM.

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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 $82,942,154

Program Service Revenue $50,000

Investment Income $959

Other Revenue $1,045

TOTAL REVENUE $82,994,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,475,344

Other Expenses $2,536,509

TOTAL EXPENSES $2,536,509

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,994,158	$168,062	+492.8%
Expenses	$2,536,509	$181,999	+12.9%
Net Income	$80,457,649	$-13,937	-5774.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY I SNOOK	PRESIDENT/CEO	010.00	Officer Director	$0	$0	$0
THOMAS C NEWCOMER	VICE PRESIDENT	000.25	Officer Director	$0	$0	$0
ANDREW G HOFFMAN	TREASURER	002.00	Officer Director	$0	$0	$0
JIM KERCHEVAL	SECRETARY	000.25	Officer Director	$0	$0	$0
TREY ALTER	DIRECTOR	000.25	Director	$0	$0	$0
DR JIM KLAUBER	DIRECTOR	000.25	Director	$0	$0	$0
TAYLOR DAVIS	DIRECTOR	000.25	Director	$0	$0	$0
JESSICA GREEN	DIRECTOR	000.25	Director	$0	$0	$0
ANDEW SARGENT	DIRECTOR	000.25	Director	$0	$0	$0
DAN SPEDDEN	DIRECTOR	000.25	Director	$0	$0	$0
MICHAEL WEISS	DIRECTOR	000.25	Director	$0	$0	$0
JULIE ROHM	DIRECTOR	000.25	Director	$0	$0	$0
JOHN LATIMER IV	DIRECTOR	000.25	Director	$0	$0	$0
SHAUN O'NIEL	DIRECTOR	000.25	Director	$0	$0	$0
ALFRED E MARTIN	ASST TREASURER	000.25	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	$82,994,158	$2,536,509	$80,517,629	$80,457,649
2024	$168,062	$181,999	$58,630	$-13,937
2023	$20,000	$32,916	$76,299	$-12,916
2022	$275	$18,017	$5,337,919	$-17,742

HAGERSTOWN MULTI-USE SPORTS AND EVENTS FACILITY INC