THE SOUTHWEST VIRGINIA ALLIANCE FOR MANUFACTURING INC

EIN: 261854543 501(c)(3) Education

ABINGDON, VA

Total Revenue
$203,860
Total Expenses
$209,971
Total Assets
$197,200
Net Assets
$192,351
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
VA
Principal Officer
JEFF DUNNACK
Phone
2764922100
Tax Period
2023-07-01 to 2024-06-30

THE SOUTHWEST VIRGINIA ALLIANCE FOR MANUFACTURING INC, founded in 2007, is a small nonprofit in the Education sector that reported $204K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE ALLIANCE WAS ESTABLISHED FOR THE PURPOSE OF PROMOTING THE REGIONAL COLLABORATIONS IN SUPPORT OF MANUFACTURING & MANUFACTURING CAREERS AS A PART OF AN ECONOMIC INITITIATIVE. TO REDEFINE THE IMAGE OF MANUFACTURING WITH YOUNG PEOPLE AND THEIR PARENTS, THEIR EDUCATORS, THE COMMUNITY AND POLICY MAKERS IN A MANNER THAT INCREASES THE NUMBER OF YOUNG ADULTS IN THE WORKFORCE WHO PURSUE MANUFACTURING CAREERS. THE CORPORATION HOPES TO CLOSE THE SKILLS GAP FOR REGIONAL MANUFACTURERS BY ALIGNING EDUCATIONAL AND WORK FORCE TRAINING RESOURCES WITH THE MOST PRESSING DEMANDS OF AREA INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $116,748

THE ALLIANCE WAS ESTABLISHED FOR THE PURPOSE OF PROMOTING THE REGIONAL COLLABORATIONS IN SUPPORT OF MANUFACTURING & MANUFACTURING CAREERS AS A PART OF AN ECONOMIC INITITIATIVE. TO REDEFINE THE IMAGE...

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THE ALLIANCE WAS ESTABLISHED FOR THE PURPOSE OF PROMOTING THE REGIONAL COLLABORATIONS IN SUPPORT OF MANUFACTURING & MANUFACTURING CAREERS AS A PART OF AN ECONOMIC INITITIATIVE. TO REDEFINE THE IMAGE OF MANUFACTURING WITH YOUNG PEOPLE AND THEIR PARENTS, THEIR EDUCATORS, THE COMMUNITY AND POLICY MAKERS IN A MANNER THAT INCREASES THE NUMBER OF YOUNG ADULTS IN THE WORKFORCE WHO PURSUE MANUFACTURING CAREERS. THE CORPORATION HOPES TO CLOSE THE SKILLS GAP FOR REGIONAL MANUFACTURERS BY ALIGNING EDUCATIONAL AND WORK FORCE TRAINING RESOURCES WITH THE MOST PRESSING DEMANDS OF AREA INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $199,795
Program Service Revenue $2,070
Investment Income $1,949
Other Revenue $46
TOTAL REVENUE $203,860

Expense Breakdown

Grants Paid $0
Salaries & Benefits $122,428
Fundraising Expenses $0
Program Expenses $116,748
Other Expenses $87,543
TOTAL EXPENSES $209,971

Year-over-Year Comparison

2023 2022 Change
Revenue $203,860 $177,017 +0.2%
Expenses $209,971 $190,362 +0.1%
Net Income $-6,111 $-13,345 -0.5%
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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Governance

Voting Members
10
Independent Members
10
Employees
4
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF DUNNACK CHAIR N/A
Officer Director
$0 $0 $0
JENNIFER SCOTT TREASURER N/A
Officer Director
$0 $0 $0
STEVE BARRETT SECRETARY N/A
Officer Director
$0 $0 $0
LARRY WYATT BOARD MEMBER N/A
Director
$0 $0 $0
STACY STREET BOARD MEMBER N/A
Director
$0 $0 $0
ALEX LUPI BOARD MEMBER N/A
Director
$0 $0 $0
FRED VERMEEER BOARD MEMBER N/A
Director
$0 $0 $0
STEVE THOROGOOD BOARD MEMBER N/A
Director
$0 $0 $0
MELINDA ROBERTS VICE-CHAIR N/A
Officer Director
$0 $0 $0
ALAN FREEMAN 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 No data No data No data No data
2024 $203,860 $209,971 $197,200 $-6,111
2023 $177,017 $190,362 $200,581 $-13,345
2022 $165,953 $170,933 $216,150 $-4,980
2021 $152,837 $141,995 $225,544 $10,842
2020 $-524,827 $979,652 $239,846 $-1,504,479
2019 $1,161,308 $1,618,547 $1,837,947 $-457,239
2018 $1,066,467 $1,447,741 $2,235,284 $-381,274
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