COALFIELD WATER DEVELOPMENT FUND

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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

1996

Legal Domicile

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 $562K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $722K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO EXPEDITE WATER DEVELOPMENT BY PROVIDING GAP FINANCING, ENCOURAGE REGIONAL WATER SYSTEM DEVELOPMENT AND LOCAL INVESTMENTS IN WATER PROVISION, AND ADDRESS PUBLIC HEALTH PROBLEMS RELATED TO THE QUANTITY AND QUALITY OF WATER

Program Service Accomplishments

Program 1

Expenses: $603,575

TO FUND WATER PROJECTS IN SOUTHWEST VIRGINIA, FOCUSING ON AREAS WITHOUT ADEQUATE WATER SYSTEMS

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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 $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

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

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

Total Directors

Key Employees

Highest Compensated

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