COALFIELD WATER DEVELOPMENT FUND

EIN: 311459992 501(c)(3) Public & Societal Benefit

COEBURN, VA

Total Revenue
$562,421
Total Expenses
$721,759
Total Assets
$23,710,320
Net Assets
$12,720,472
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
VA
Principal Officer
SCOTTY WAMPLER
Phone
2763950747
Tax Period
2024-07-01 to 2025-06-30

COALFIELD WATER DEVELOPMENT FUND, founded in 1996, is a small nonprofit in the Public & Societal Benefit sector that reported $896K in total revenue in fiscal year 2017. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $174K, a strong 19% operating margin.

Mission

TO EXPEDITE WATER DEVELOPMENT BY PROVIDING GAP FINANCING, ENCOURAGE REGIONAL WATER SYSTEM DEVELOPMENT

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $562,421
Other Revenue $0
TOTAL REVENUE $562,421

Expense Breakdown

Grants Paid $572,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $603,575
Other Expenses $149,759
TOTAL EXPENSES $721,759

Year-over-Year Comparison

2024 2023 Change
Revenue $562,421 $682,798 -0.2%
Expenses $721,759 $770,421 -0.1%
Net Income $-159,338 $-87,623 +0.8%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
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
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DUANE MILLER VICE PRESIDE N/A
Officer Director
$0 $0 $0
SCOTTY WAMPLER PRESIDENT N/A
Officer Director
$0 $0 $0
DAVID DAWSON SECRETARY N/A
Officer Director
$0 $0 $0
SIM EWING TREASURER N/A
Officer Director
$0 $0 $0
BARBARA ALTIZER DIRECTOR N/A
Director
$0 $0 $0
HARRY CHILDRESS DIRECTOR N/A
Director
$0 $0 $0
DAVID DEAL DIRECTOR N/A
Director
$0 $0 $0
RANDY ALBERT DIRECTOR N/A
Director
$0 $0 $0
KEVIN ELKINS DIRECTOR N/A
Director
$0 $0 $0
ROBERT HILT DIRECTOR N/A
Director
$0 $0 $0
ROBERT PERKINSON DIRECTOR N/A
Director
$0 $0 $0
DONNIE RATLIFF DIRECTOR N/A
Director
$0 $0 $0
MIKE THOMAS DIRECTOR N/A
Director
$0 $0 $0
MIKE HYMES DIRECTOR N/A
Director
$0 $0 $0
DENNIS SUTHERLAND DIRECTOR 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 $562,421 $721,759 $23,710,320 $-159,338
2024 $682,798 $770,421 $22,107,455 $-87,623
2023 $613,135 $700,505 $20,868,111 $-87,370
2022 $814,226 $577,700 $20,428,381 $236,526
2021 $1,199,893 $589,472 $23,723,772 $610,421
2020 $783,186 $651,789 $20,647,043 $131,397
2019 $703,003 $698,661 $20,470,103 $4,342
2018 $895,699 $721,731 $19,483,989 $173,968
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