COVINGTON, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $292K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $283K left a modest 3% surplus.
TO PROMOTE EMPLOYMENT OPPORTUNITIES IN THE ALLEGHANY HIGHLANDS AREA OF VIRGINIA.
THE ORGANIZATION PROMOTES AND MAINTAINS SUFFICIENT AND SUITABLE EMPLOYMENT PRODUCING ACTIVITIES IN THE ALLEGHANY HIGHLANDS AREA, STRIVES TO ACHIEVE AN IMPROVED RATE OF EMPLOYMENT, AND ENHANCE THE TAX...
THE ORGANIZATION PROMOTES AND MAINTAINS SUFFICIENT AND SUITABLE EMPLOYMENT PRODUCING ACTIVITIES IN THE ALLEGHANY HIGHLANDS AREA, STRIVES TO ACHIEVE AN IMPROVED RATE OF EMPLOYMENT, AND ENHANCE THE TAX BASE OF PARTICIPATING LOCALITIES. CURRENT YEAR ACTIVITY INCLUDES THE CONTINUED DEVELOPMENT OF BUSINESS SITES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in Virginia and across the country.