MID ATLANTIC CLEAN HYDROGEN HUB INC

EIN: 921666293 501(c)(3) Science & Technology

DOVER, DE

Total Revenue
$5,549,490
Total Expenses
$6,859,992
Total Assets
$3,710,111
Net Assets
$-1,867,236
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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
2023
Legal Domicile
DE
Principal Officer
MAAYAN CITRON
Phone
3022338034
Tax Period
2024-01-01 to 2024-12-31

MID ATLANTIC CLEAN HYDROGEN HUB INC, founded in 2023, is a community nonprofit in the Science & Technology sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 580% from the prior year, signaling strong growth momentum. Expenses of $6.9M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO DEVELOP A REGIONAL CLEAN HYDROGEN HUB THAT WILL ALIGN HYDROGEN PRODUCERS AND CONSUMERS VIA A CONNECTED INFRASTRUCTURE LOCATED WITHIN THE MID-ATLANTIC REGION OF THE UNITED STATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,370,541
Program Service Revenue $0
Investment Income $0
Other Revenue $178,949
TOTAL REVENUE $5,549,490

Expense Breakdown

Grants Paid $0
Salaries & Benefits $764,650
Fundraising Expenses $0
Program Expenses $6,239,077
Other Expenses $6,095,342
TOTAL EXPENSES $6,859,992

Year-over-Year Comparison

2024 2023 Change
Revenue $5,549,490 $816,600 +5.8%
Expenses $6,859,992 $1,097,263 +5.3%
Net Income $-1,310,502 $-280,663 +3.7%
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
16
Independent Members
15
Employees
N/A
Volunteers
4

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
6
$764,650
Total Directors
17
$764,650
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTIN WADE CEO (JAN - OCT) 32.00
Officer Director
$265,000 $0 $265,000
JOSEPH COLELLA COO (JAN - OCT) 22.00
Officer Director
$350,000 $0 $350,000
MAAYAN CITRON COO (OCT - DEC) 38.00
Officer Director
$149,650 $0 $149,650
COLLIN O'MARA CO-CHAIR 15.00
Officer Director
$0 $0 $0
JIM SNELL CO-CHAIR 4.00
Officer Director
$0 $0 $0
DORA CHEATHAM TREASURER AND SECRETARY 7.00
Officer Director
$0 $0 $0
SINCERE HARRIS BOARD MEMBER 0.00
Director
$0 $0 $0
SAM ROBINSON BOARD MEMBER 0.00
Director
$0 $0 $0
CHRIS RUGGIERO BOARD MEMBER 0.00
Director
$0 $0 $0
FREDDY SANCHES BOARD MEMBER 0.00
Director
$0 $0 $0
FAY SHONG BOARD MEMBER 0.00
Director
$0 $0 $0
YUSHAN YAN BOARD MEMBER 0.00
Director
$0 $0 $0
RYAN BOYER BOARD MEMBER 0.00
Director
$0 $0 $0
DAN COSNER BOARD MEMBER 0.00
Director
$0 $0 $0
ANTHONY LOWMAN BOARD MEMBER 0.00
Director
$0 $0 $0
SUE MUKHERJEE BOARD MEMBER 0.00
Director
$0 $0 $0
JOHN KANE BOARD MEMBER 0.00
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 $5,549,490 $6,859,992 $3,710,111 $-1,310,502
2023 $816,600 $1,097,263 $133,557 $-280,663
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