THE MARTINSBURG INITIATIVE INC

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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

Phone

3042673510

Tax Period

2024-01-01 to 2024-12-31

THE MARTINSBURG INITIATIVE INC, founded in 2021, is a small nonprofit in the Mental Health sector that reported $975K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $903K left a modest 7% surplus.

Mission

TO PREVENT SUBSTANCE ABUSE, BUILD STRONG FAMILIES, AND EMPOWER THE COMMUNITY IN AND AROUND MARTINSBURG, WV.

Program Service Accomplishments

Program 1

Expenses: $893,178

TO PREVENT SUBSTANCE ABUSE, BUILD STRONG FAMILIES, AND EMPOWER THE COMMUNITY IN AND AROUND MARTINSBURG, WV.

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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 $975,158

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $975,158

Expense Breakdown

Grants Paid $500

Salaries & Benefits $308,124

Fundraising Expenses $0

Program Expenses $893,178

Other Expenses $594,038

TOTAL EXPENSES $902,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$975,158	$768,722	+0.3%
Expenses	$902,662	$736,019	+0.2%
Net Income	$72,496	$32,703	+1.2%

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

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

$39,863

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MARGARET KURSEY	DIRECTOR	Officer	$39,863	$0	$39,863
STACIE ROHN	DIRECTOR	Director	$0	$0	$0
KATIE SPRIGGS	DIRECTOR	Director	$0	$0	$0
LACEY COLE	DIRECTOR	Director	$0	$0	$0
AMBER GLENNON	DIRECTOR	Director	$0	$0	$0
ROSA CLARK	DIRECTOR	Director	$0	$0	$0
BILL IHLENFELD	DIRECTOR	Director	$0	$0	$0
DR MICHAEL LOUNDNER	DIRECTOR	Director	$0	$0	$0
DR GERI CRAWLEY-WOODS	DIRECTOR	Director	$0	$0	$0
REV CURT LOWRY	DIRECTOR	Director	$0	$0	$0
PAT PATTON	DIRECTOR	Director	$0	$0	$0
JEFF BEESON	EXECUTIVE DIRECTOR	Director	$0	$0	$0
JULIE HARRIS	SECRETARY	Director	$0	$0	$0
NYCOLE KOTHE	DIRECTOR	Director	$0	$0	$0
TIM CZAJA	DIRECTOR	Director	$0	$0	$0
DR JESSICA ALFONSO	DIRECTOR	Director	$0	$0	$0
ERIN GIBBONS	CHAIR	Officer	$0	$0	$0
BILL KEARNS	TREASURER	Officer	$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	$975,158	$902,662	$223,692	$72,496
2023	$768,722	$736,019	$151,093	$32,703
2022	$295,961	$177,571	$118,390	$118,390