LOGAN COUNTY CHARITABLE & EDUCATION FOUNDATIONINC

EIN: 311498923 501(c)(3) Community Improvement

LOGAN, WV

Total Revenue
$504,430
Total Expenses
$375,826
Total Assets
$7,346,301
Net Assets
$7,346,066
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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
WV
Principal Officer
MICHAEL HATFIELD
Phone
3048554574
Tax Period
2023-01-01 to 2023-12-31

LOGAN COUNTY CHARITABLE & EDUCATION FOUNDATIONINC, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $504K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $129K, a strong 25% operating margin.

Mission

TO SUPPORT THE LOCAL EDUCATION COMMUNITY BY PROVIDING GRANTS AND SCHOLARSHIPS TO STUDENTS WHO WILL BE CONTINUING THEIR EDUCATION AND COMMUNITY GRANTS WHICH SUPPORT VARIOUS YOUTH GROUPS AND ORGANIZATIONS.

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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 $76,888
Program Service Revenue $0
Investment Income $427,542
Other Revenue $0
TOTAL REVENUE $504,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $352,994
Other Expenses $375,826
TOTAL EXPENSES $375,826

Year-over-Year Comparison

2023 2022 Change
Revenue $504,430 $672,074 -0.2%
Expenses $375,826 $275,609 +0.4%
Net Income $128,604 $396,465 -0.7%
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

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Governance

Voting Members
15
Independent Members
15
Employees
1
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
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA E AKERS DIRECTOR N/A
Director
$0 $0 $0
EDDIE CANTERBURY DIRECTOR N/A
Director
$0 $0 $0
EDDIE JO CANTERBURY DIRECTOR N/A
Director
$0 $0 $0
VERNON FERRELL DIRECTOR N/A
Director
$0 $0 $0
MICHAEL HATFIELD TREASURER N/A
Officer Director
$0 $0 $0
BETTY L ROSE DIRECTOR N/A
Director
$0 $0 $0
WYATT SCAGGS DIRECTOR N/A
Director
$0 $0 $0
MARLA WEINER DIRECTOR N/A
Director
$0 $0 $0
GARY WHITE DIRECTOR N/A
Director
$0 $0 $0
CLINTON WINTER VICE PRESIDE N/A
Officer Director
$0 $0 $0
STEVEN WOLFE DIRECTOR N/A
Director
$0 $0 $0
CAROL WOOD SECRETARY N/A
Officer Director
$0 $0 $0
WILMA ZIGMOND PRESIDENT N/A
Officer 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
2024 No data No data No data No data
2023 $504,430 $375,826 $7,346,301 $128,604
2022 $672,074 $275,609 $7,190,800 $396,465
2021 $1,322,882 $193,821 $6,794,440 $1,129,061
2020 $203,038 $187,259 $5,665,379 $15,779
2019 $1,848,316 $182,928 $5,746,173 $1,665,388
2018 $212,809 $54,260 $3,511,511 $158,549
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