PARKERSBURG WOOD COUNTY AREA DEVELOPMENT CORPORATION

EIN: 310965347

PARKERSBURG, WV

Total Revenue
$18,218
Total Expenses
$352,577
Total Assets
$350,924
Net Assets
$346,146
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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
1981
Legal Domicile
WV
Principal Officer
HARRY SILVIS
Phone
3044225650
Tax Period
2023-07-01 to 2024-06-30

PARKERSBURG WOOD COUNTY AREA DEVELOPMENT CORPORATION, founded in 1981, is a micro nonprofit that reported $18K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $353K exceeded revenue, resulting in a 1835% operating deficit.

Mission

TO PROVIDE AREA BUSINESSES WITH THE OPPORTUNITY TO DEVELOP THROUGH A LOW INTEREST LOAN PROGRAM INVOLVING THE WV ECONOMIC DEVELOPMENT AUTHORITY, LOCAL BANKS AND PARKERSBURG WOOD COUNTY AREA DEVELOPMENT CORPORATION.

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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 $309,625
Program Service Revenue $0
Investment Income $-291,707
Other Revenue $300
TOTAL REVENUE $18,218

Expense Breakdown

Grants Paid $0
Salaries & Benefits $258,726
Fundraising Expenses $0
Program Expenses $35,258
Other Expenses $93,851
TOTAL EXPENSES $352,577

Year-over-Year Comparison

2023 2022 Change
Revenue $18,218 $310,431 -0.9%
Expenses $352,577 $314,077 +0.1%
Net Income $-334,359 $-3,646 +90.7%
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
30
Independent Members
30
Employees
2
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
29
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDSEY KERR PIERSOL EXECUTIVE DI 40.00
Highest
$139,456 $0 $139,456
SUSAN BARBER TREASURER 0.00
Officer Director
$0 $0 $0
TOM BETZ DIRECTOR 0.00
Director
$0 $0 $0
GREG BOLTON TRUSTEE / DI 0.00
Director
$0 $0 $0
PATRICK BRYAN TRUSTEE / DI 0.00
Director
$0 $0 $0
TIM COFFMAN SECRETARY 0.00
Officer Director
$0 $0 $0
VINNIE CONLEY DIRECTOR 0.00
Director
$0 $0 $0
ANDREW DANIEL TRUSTEE / DI 0.00
Director
$0 $0 $0
JIM FAWCETT DIRECTOR 0.00
Director
$0 $0 $0
BOB FEHRENBACHER DIRECTOR 0.00
Director
$0 $0 $0
MIKE FLEAK DIRECTOR 0.00
Director
$0 $0 $0
MAYOR TOM JOYCE DIRECTOR 0.00
Director
$0 $0 $0
MARJEAN KENNEDY DIRECTOR 0.00
Director
$0 $0 $0
MARYANNE KETELSEN TRUSTEE / DI 0.00
Director
$0 $0 $0
BUDDY MALONE DIRECTOR 0.00
Director
$0 $0 $0
MIKE MATHENY DIRECTOR 0.00
Director
$0 $0 $0
ED MCDONOUGH DIRECTOR 0.00
Director
$0 $0 $0
DAVID MITCHELL TRUSTEE / DI 0.00
Director
$0 $0 $0
TODD NESTOR TRUSTEE / DI 0.00
Director
$0 $0 $0
MAYOR RANDY RAPP DIRECTOR 0.00
Director
$0 $0 $0
TRES ROSS DIRECTOR 0.00
Director
$0 $0 $0
EMILY SAMS TRUSTEE / DI 0.00
Director
$0 $0 $0
HARRY SILVIS CHAIRMAN 0.00
Officer Director
$0 $0 $0
JAMES SPANNER DIRECTOR 0.00
Director
$0 $0 $0
AMANDA STEVENS DIRECTOR 0.00
Director
$0 $0 $0
ANGELA TADLOCK DIRECTOR 0.00
Director
$0 $0 $0
RYAN TAYLOR VICE CHAIRMA 0.00
Officer Director
$0 $0 $0
SHAWN TAYLOR DIRECTOR 0.00
Director
$0 $0 $0
BOB TEBAY DIRECTOR 0.00
Director
$0 $0 $0
MIKE WILLIAMS TRUSTEE / DI 0.00
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 $18,218 $352,577 $350,924 $-334,359
2023 $310,431 $314,077 $682,096 $-3,646
2022 $241,697 $267,093 $685,214 $-25,396
2021 $-1,030,564 $274,716 $715,416 $-1,305,280
2020 $641,578 $248,442 $2,017,389 $393,136
2019 $676,013 $258,146 $2,015,061 $417,867
2018 $288,237 $240,126 $2,037,623 $48,111
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