OLNEY INDUSTRIAL DEVELOPMENT CORPORATION (EIN 752358407) - 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

1981

Legal Domicile

Principal Officer

WILEY HUGHEY

Phone

9405645879

Tax Period

2021-10-01 to 2022-09-30

OLNEY INDUSTRIAL DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit that reported $182K in total revenue in fiscal year 2021. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $50K, a strong 28% operating margin.

Mission

ENHANCE THE STRENGTH AND STABILITY OF THE OLNEY ECONOMY THROUGH THE SUPPORT OF EXISTING INDUSTRY AND THE ATTRACTION OF MANUFACTURING AND SERVICE SECTOR BUSINESS WHICH BRINGS NEW CPAITAL AND EMPLOYMENT OPPORTUNITES INTO THE COMMUNITY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $179,007

Investment Income $3,147

Other Revenue $0

TOTAL REVENUE $182,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,644

Fundraising Expenses $0

Program Expenses $131,941

Other Expenses $56,297

TOTAL EXPENSES $131,941

Year-over-Year Comparison

	2021	2020	Change
Revenue	$182,154	$160,162	+0.1%
Expenses	$131,941	$119,033	+0.1%
Net Income	$50,213	$41,129	+0.2%

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

$61,958

Total Directors

$61,958

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILEY HUGHEY	EXECUTIVE DI	40.00	Officer Director	$61,958	$0	$61,958
FRANKLIN FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
MARK MCCLELLAND	DIRECTOR	1.00	Director	$0	$0	$0
RONALD ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
LONNIE RUE	DIRECTOR	1.00	Director	$0	$0	$0
RICK TURNER	DIRECTOR	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
2022	$182,154	$131,941	$943,106	$50,213
2021	$160,162	$119,033	$892,893	$41,129
2020	$199,853	$124,001	$851,764	$75,852
2019	$184,736	$144,227	$775,912	$40,509
2018	$169,880	$147,773	$735,403	$22,107

OLNEY INDUSTRIAL DEVELOPMENT CORPORATION