ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION (EIN 161620392) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

KEN MCFADYEN

Phone

5408620936

Tax Period

2024-07-01 to 2025-06-30

ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $372K in total revenue in fiscal year 2017. Expenses of $415K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROMOTE EMPLOYMENT OPPORTUNITIES IN THE ALLEGHANY HIGHLANDS AREA OF VIRGINIA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $287,062

Program Service Revenue $0

Investment Income $4,959

Other Revenue $0

TOTAL REVENUE $292,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,971

Fundraising Expenses $0

Program Expenses $212,934

Other Expenses $212,934

TOTAL EXPENSES $282,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,021	$194,537	+0.5%
Expenses	$282,905	$134,453	+1.1%
Net Income	$9,116	$60,084	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN DRESSLER	CO-CHAIR	N/A	Director	$0	$0	$0
JAMES GRIFFITH	BOARD MEMBER	N/A	Director	$0	$0	$0
RAY LIPES	BOARD MEMBER	N/A	Director	$0	$0	$0
GREG MADSEN	BOARD MEMBER	N/A	Director	$0	$0	$0
KEN MCFADYEN	CHAIR	N/A	Officer Director	$0	$0	$0
DR JOHN RAINONE	BOARD MEMBER	N/A	Director	$0	$0	$0
LEE ROE	BOARD MEMBER	N/A	Director	$0	$0	$0
TAMMY SCRUGGS-DUNCAN	BOARD MEMBER	N/A	Director	$0	$0	$0
TYLER SIZEMORE	DEPUTY DIREC	N/A	Director	$0	$0	$0
JOSH TAYLOR	EXECUTIVE DI	N/A	Director	$0	$0	$0
GINA TINGLER	BOARD MEMBER	N/A	Director	$0	$0	$0
CHUCK UNROE	BOARD MEMBER	N/A	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
2025	$292,021	$282,905	$416,566	$9,116
2024	No data	No data	No data	No data
2023	$239,255	$199,905	$316,663	$39,350
2022	$303,268	$254,190	$276,285	$49,078
2021	$381,706	$349,973	$238,312	$31,733
2020	$579,290	$537,267	$261,268	$42,023
2019	$513,013	$479,341	$194,269	$33,672
2018	$372,488	$415,467	$152,762	$-42,979

ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION