PARKERSBURG WOOD COUNTY AREA DEVEL… - Form 990 Financial Data

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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

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 WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY, LOCAL BANKS AND THE PARKERSBURG WOOD COUNTY AREA DEVELOPMENT CORPORATION.

Program Service Accomplishments

Program 1

Expenses: $35,258

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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 (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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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

PARKERSBURG WOOD COUNTY AREA DEVELOPMENT CORPORATION