Hagerstown Multi-use Sports and Events Facility Inc

Nonprofit profile at a glance

EIN
611999611
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Hagerstown, MD, USA
Phone
3017392015
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Sports Associations &Training Facilities

Reported finances

Revenue
$82,994,158
Expenses
$2,536,509
Assets
$80,517,629
Liabilities
$109,575

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • GREGORY I SNOOK (PRESIDENT/CEO)
  • THOMAS C NEWCOMER (VICE PRESIDENT)

People named in this filing

  • GREGORY I SNOOK (PRESIDENT/CEO)
  • THOMAS C NEWCOMER (VICE PRESIDENT)
  • ANDREW G HOFFMAN (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

To own, operate, maintain, promote and lease a new multi-use facility constructed in downtown hagerstown, md. The facilitys one long term tenant is a minor league baseball team.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 34
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 99
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 3%; rating input score 3
  • Program expense ratio: 97.6%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 96.9%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 31.74; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings

Growth

  • Program expense growth: 115.3% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 119.8% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 104.9% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 3% of revenue deployed · 97.6% of spending went to programs
  • Governance: 15 of 15 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $2.5M in reported program spending
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 3/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.