Civic Intelligence

Huntington Industrial Corporation

EIN 55-6016398 • 501(c)6 • Huntington, WV

Profile

Economic development in the metro region of huntington, west virginia.

916 Fifth Avenue Suite 400Huntington, WV 25701

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.40x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

17.25x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

94th percentile

40%

Higher net margin than 94% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

13th percentile

$128,000

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 52.6% of source-year revenue.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Asset Growth

30th percentile

0.8%

Faster asset growth than 30% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

255%

Faster revenue growth than 98% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$10,513,776

Up $84,786 (+0.8%) from 2023

Liabilities

Down

$4,200,300

Down $158,553 (-3.6%) from 2023

Net Assets

Up

$6,313,476

Up $243,339 (+4.0%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin94th percentile

Revenue

Up

$243,517

Up $174,836 (+255%) from 2023

Expenses

Up

$145,712

Up $19,638 (+16%) from 2023

Net Income

Up

$97,805

Up $155,198 (+270%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth30th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $8,417,006Liabilities 2011: $4,388,716Net Assets 2011: $4,028,2902011Assets 2012: $7,944,542Liabilities 2012: $4,208,226Net Assets 2012: $3,736,3162012Assets 2013: $7,975,789Liabilities 2013: $4,228,387Net Assets 2013: $3,747,4022013Assets 2014: $8,084,210Liabilities 2014: $4,157,737Net Assets 2014: $3,926,4732014Assets 2015: $8,205,941Liabilities 2015: $3,889,786Net Assets 2015: $4,316,1552015Assets 2016: $8,439,501Liabilities 2016: $3,911,516Net Assets 2016: $4,527,9852016Assets 2017: $8,631,246Liabilities 2017: $3,860,172Net Assets 2017: $4,771,0742017Assets 2018: $9,302,732Liabilities 2018: $3,833,335Net Assets 2018: $5,469,3972018Assets 2019: $9,206,063Liabilities 2019: $3,708,529Net Assets 2019: $5,497,5342019Assets 2020: $9,277,482Liabilities 2020: $3,769,626Net Assets 2020: $5,507,8562020Assets 2021: $9,629,069Liabilities 2021: $3,743,454Net Assets 2021: $5,885,6152021Assets 2022: $7,476,964Liabilities 2022: $1,536,990Net Assets 2022: $5,939,9742022Assets 2023: $10,428,990Liabilities 2023: $4,358,853Net Assets 2023: $6,070,1372023Assets 2024: $10,513,776Liabilities 2024: $4,200,300Net Assets 2024: $6,313,4762024

Highlighted filing

2024

Assets$10,513,776
Liabilities$4,200,300
Net Assets$6,313,476
Open 2024 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2011: $56,877Expenses 2011: $167,655Net Income 2011: -$110,7782011Revenue 2012: $96,570Expenses 2012: $160,891Net Income 2012: -$64,3212012Revenue 2013: $72,376Expenses 2013: $215,154Net Income 2013: -$142,7782013Revenue 2014: $92,461Expenses 2014: $210,725Net Income 2014: -$118,2642014Revenue 2015: $314,243Expenses 2015: $187,169Net Income 2015: $127,0742015Revenue 2016: $109,950Expenses 2016: $179,981Net Income 2016: -$70,0312016Revenue 2017: $150,277Expenses 2017: $187,571Net Income 2017: -$37,2942017Revenue 2018: $82,115Expenses 2018: $362,196Net Income 2018: -$280,0812018Revenue 2019: $162,834Expenses 2019: $203,923Net Income 2019: -$41,0892019Revenue 2020: $151,773Expenses 2020: $228,816Net Income 2020: -$77,0432020Revenue 2021: $191,793Expenses 2021: $259,335Net Income 2021: -$67,5422021Revenue 2022: $36,613Expenses 2022: $196,710Net Income 2022: -$160,0972022Revenue 2023: $68,681Expenses 2023: $126,074Net Income 2023: -$57,3932023Revenue 2024: $243,517Expenses 2024: $145,712Net Income 2024: $97,8052024

Highlighted filing

2024

Revenue$243,517
Expenses$145,712
Net Income$97,805
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,513,776
Liabilities
$4,200,300
Net assets
$6,313,476
Revenue
$243,517
Expenses
$145,712
Net income
$97,805
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.5$4.20$6.31$0.24$0.15$0.10
2023Detailed filing. Detailed filing data is available for this year.$10.4$4.36$6.07$0.07$0.13$0.06
2022Detailed filing. Detailed filing data is available for this year.$7.48$1.54$5.94$0.04$0.20$0.16
2021Detailed filing. Detailed filing data is available for this year.$9.63$3.74$5.89$0.19$0.26$0.07
2020Detailed filing. Detailed filing data is available for this year.$9.28$3.77$5.51$0.15$0.23$0.08
2019Detailed filing. Detailed filing data is available for this year.$9.21$3.71$5.50$0.16$0.20$0.04
2018Detailed filing. Detailed filing data is available for this year.$9.30$3.83$5.47$0.08$0.36$0.28
2017Detailed filing. Detailed filing data is available for this year.$8.63$3.86$4.77$0.15$0.19$0.04
2016Summary only. Only limited summary data is available for this year.$8.44$3.91$4.53$0.11$0.18$0.07
2015Summary only. Only limited summary data is available for this year.$8.21$3.89$4.32$0.31$0.19$0.13
2014Summary only. Only limited summary data is available for this year.$8.08$4.16$3.93$0.09$0.21$0.12
2013Summary only. Only limited summary data is available for this year.$7.98$4.23$3.75$0.07$0.22$0.14
2012Summary only. Only limited summary data is available for this year.$7.94$4.21$3.74$0.10$0.16$0.06
2011Summary only. Only limited summary data is available for this year.$8.42$4.39$4.03$0.06$0.17$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$475,184
Mission and Program Overview

Mission

Economic development in the metro region of huntington, west virginia

Economic development in the metro region of huntington, west virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,378,734$2,268,488▼ $110,246
Cash and Non-Interest-Bearing Accounts$1,761,901$1,844,625▲ $82,724
Prepaid Expenses and Deferred Charges-$1,158-
Total Assets$10,428,990$10,513,776▲ $84,786
Other Assets Total$6,288,355$6,399,505▲ $111,150
Liabilities
Accounts Payable and Accrued Expenses$2,816,942$2,987,589▲ $170,647
Mortgage Notes Payable Secured by Investment Property$1,242,087$943,454▼ $298,633
Other Liabilities$299,824$269,257▼ $30,567
Total Liabilities$4,358,853$4,200,300▼ $158,553
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,070,137$6,313,476▲ $243,339
Total Net Assets Fund Balance$6,070,137$6,313,476▲ $243,339
Total Liabilities and Net Assets / Fund Balance$10,428,990$10,513,776▲ $84,786

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,268,488$1,561,809-
Other Assets Org$265,440--
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleOtherTotal
David H LievingPresident$128,000$128,000

Board Members and Trustees

NameTitle
Spencer MurphyChairman
John StumpVice Chairman
Adam PhillipsBoard Member
Allen BurnerBoard Member
Andy BowenBoard Member
Bill JonesBoard Member
C R Neighborgall IvBoard Member
Cathy BurnsBoard Member
Chris TatumBoard Member
Chuck Oldaker JrBoard Member
Daniel a EarlBoard Member
Donna VineyardBoard Member
Dr John M MaherBoard Member
Dr Kevin YinglingBoard Member
Emily BartramBoard Member
Geoffrey S SheilsBoard Member
Heather VanaterBoard Member
Jim FitzwaterBoard Member
Joe McdonieBoard Member
John SpoorBoard Member
Josh BakerBoard Member
Keith BurdetteBoard Member
Larry S CastleBoard Member
Liza CaldwellBoard Member
Matthew M WagnerBoard Member
Megan ArcherBoard Member
Patrick FarrellBoard Member
Rob SellardsBoard Member
Robert ThompsonBoard Member
Sean SimonBoard Member
Stephen J GolderBoard Member
Terrell EllisBoard Member
Tim HardestyBoard Member
Toney StroudBoard Member
Vicki TaylorBoard Member
Scott RiedelSecretary
Mark MorganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$87,839
Other Revenue
$155,678
Change in Net Assets
$97,805
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$145,712
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$128,000
Fees for Services Accounting---$9,500
Fees for Services Legal---$4,702
Fees for Services Other---$1,145
Depreciation Depletion---$924
Insurance---$722
Office Expenses---$699
Other Expenses---$20
Total Functional Expenses$0$0$0$145,712
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$265,440
Accrued Interest Expense$3,817
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The governing body has given the president the authority to review and sign the form 990.”

Form 990, Part VI, Section C, Line 19

“The organization will make its documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Huntington Industrial Corporation
EIN
55-6016398
Phone
3045251161
Address
916 FIFTH AVENUE SUITE 400, HUNTINGTON, WV 25701

Signing Officer

Name
David H Lieving
Title
President
Phone
3045251161
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David H Lieving
Formed
1942
Legal Domicile
Wv
Voting Board Members
38
Independent Board Members
38
Employees
0
Volunteers
0

Preparer

Firm
Suttle & Stalnaker Pllc
Address
501 5TH AVENUE SUITE 1, HUNTINGTON, WV 25701
Preparer
Wade Newell CPA
Phone
3045250301
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Oversight and selection process has not changed.”

Form 990 Part XI Line 9 Other Changes in Net Assets and Fund Balance

“$145,534 is the net income of other related entities reported on separate form 990's as listed on schedule r.”

Financial Statement Notes

PART X, LINE 2:

“The organization adopted the provisions of accounting standards codification (asc) topic 740, income taxes, relating to unrecognized tax benefits. This standard requires an entity to recognize a liability for tax positions when there is a 50% or greater likelihood that the position will not be sustained upon examination. The organization is liable for taxes to the extent of any unrelated business income as defined by the irs regulations. The organization believes that it has not engaged in any unrelated business income as defined by irs regulations and that it is more likely than not that this position would be sustained upon examination. As such, there were no liabilities recorded for uncertain tax positions as of december 31, 2024.”

Raw XML AppendixShowing 400 of 620 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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