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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Tuckman-Chang Vulnerability Assessment

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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 community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2017. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 36% operating deficit.

Mission

ESTABLISHED TO PROMOTE REGIONAL COLLABORATIONS IN SUPPORT OF MANUFACTURING AND MANUFACTURING CAREERS AS AN ECONOMIC INITIATIVE, REFINE IMAGE OF MANUFACTURING, AND CLOSE SKILL GAPS THROUGH EDUCATIONAL TRAINING AND INCREASEE EMPLOYMENT OF YOUTH AND OTHERS IN SOUTHWEST VIRGINIA

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Trantor Score

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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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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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