COALFIELD DEVELOPMENT CORPORATION (EIN 263836207) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

JACOB I HANNAH

Phone

3045014755

Tax Period

2024-01-01 to 2024-12-31

COALFIELD DEVELOPMENT CORPORATION, founded in 2008, is a mid-sized nonprofit in the Housing & Shelter sector that reported $23.4M in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.2M, a strong 31% operating margin.

Mission

INSPIRING THE COURAGE TO GROW, ACTIVATING THE CREATIVITY TO INNOVATE, AND CULTIVATION COMMUNITITES OF OPPORTUNITY IN CENTRAL APPALACHIA THROUGH THREE CORE CAPABILITIES: EMPLOYMENT BASED SOCIAL ENTERPRISE, COMMUNITY-BASED REVITALIZATION, AND DEVELOPMENT FOR PEOPLE FACING BARRIERS TO EMPLOYMENT.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,021,084

Program Service Revenue $1,191,753

Investment Income $170,916

Other Revenue $0

TOTAL REVENUE $23,383,753

Expense Breakdown

Grants Paid $1,026,468

Salaries & Benefits $7,281,684

Fundraising Expenses $272,252

Program Expenses $12,318,602

Other Expenses $7,889,124

TOTAL EXPENSES $16,197,276

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,383,753	$11,631,513	+1.0%
Expenses	$16,197,276	$13,129,703	+0.2%
Net Income	$7,186,477	$-1,498,190	-5.8%

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

184

Volunteers

100

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

$465,036

Total Directors

$89,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENZIE NEW-WALKER	CHAIR	1.00	Officer Director	$0	$0	$0
JOETTA HATFIELD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHASE THOMAS	SECRETARY	1.00	Officer Director	$0	$0	$0
RIC MACDOWELL	TREASURER	1.00	Officer Director	$0	$0	$0
PHIL GRANCHI	MEMBER	1.00	Director	$0	$0	$0
ANDREW DAWSON	MEMBER	1.00	Director	$0	$0	$0
TOMMY ADKINS	MEMBER	1.00	Director	$0	$0	$0
MARILYN MCCLURE-DEMERS	MEMBER	1.00	Director	$0	$0	$0
CLIFTON MOORE	MEMBER	1.00	Director	$0	$0	$0
ASHLEY PACK	MEMBER	1.00	Director	$0	$0	$0
LARRY CASTLE	PRESIDENT EM	1.00	Director	$0	$0	$0
BRANDON M DENNISON	EXECUTIVE DI	40.00	Officer Director	$86,413	$2,595	$89,008
RYAN C STONER	CHIEF OPERAT	40.00	Officer	$69,351	$10,887	$80,238
SAM SARCONE	CFO	40.00	Officer	$86,037	$10,167	$96,204
MARILYN WRENN	CHIEF DEVELO	40.00	Officer	$85,123	$9,731	$94,854
JACOB I HANNAH	CEO	40.00	Officer	$100,921	$3,811	$104,732

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
2024	$23,383,753	$16,197,276	$35,301,312	$7,186,477
2023	$11,631,513	$13,129,703	$25,191,570	$-1,498,190
2022	$14,692,090	$7,254,683	$24,532,193	$7,437,407
2021	$7,130,153	$5,379,122	$14,261,514	$1,751,031
2020	$6,316,554	$4,068,527	$11,386,447	$2,248,027
2019	$5,702,926	$4,336,026	$9,315,107	$1,366,900
2018	$7,030,686	$5,068,607	$8,788,390	$1,962,079
2018	$5,728,158	$5,072,452	$7,883,463	$655,706

COALFIELD DEVELOPMENT CORPORATION