CAPITOL MARKET INC

EIN: 311512991 501(c)(3) Community Improvement

CHARLESTON, WV

Total Revenue
$1,053,677
Total Expenses
$910,376
Total Assets
$2,906,559
Net Assets
$2,679,956
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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
1997
Legal Domicile
WV
Principal Officer
EVAN OSBORN
Phone
3043441905
Tax Period
2023-01-01 to 2023-12-31

CAPITOL MARKET INC, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $910K left a modest 14% surplus.

Mission

CAPITOL MARKET IS A 501(C)(3) NONPROFIT THAT SERVES AS A RETAIL, COMMUNITY, AND ECONOMIC HUB FOR THE KANAWHA VALLEY AND BEYOND. HOUSED IN A TURN-OF-THE-CENTURY RAIL DEPOT, CAPITOL MARKET IS TASKED WITH SUPPORTING SMALL BUSINESSES AND WEST VIRGINIA FARMERS THROUGH PROVIDING A UNIQUE RETAIL AND TOURIST DESTINATION IN THE HEART OF DOWNTOWN CHARLESTON.

Program Service Accomplishments

Program 1
Expenses: $786,045 Revenue: $469,795

OPERATION OF OUTDOOR FARMERS' MARKET AND INDOOR SPECIALTY SHOPS FOR THE BENEFIT OF WEST VIRGINIA FARMERS, GROWERS, AND MERCHANTS, AS WELL AS THE COMMUNITY.

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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 $585,350
Program Service Revenue $440,987
Investment Income $4,252
Other Revenue $23,088
TOTAL REVENUE $1,053,677

Expense Breakdown

Grants Paid $0
Salaries & Benefits $198,174
Fundraising Expenses $10,185
Program Expenses $786,045
Other Expenses $712,202
TOTAL EXPENSES $910,376

Year-over-Year Comparison

2023 2022 Change
Revenue $1,053,677 $738,327 +0.4%
Expenses $910,376 $718,858 +0.3%
Net Income $143,301 $19,469 +6.4%
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
20
Independent Members
20
Employees
5
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
6
$80,044
Total Directors
21
$80,044
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CANDACE NELSON DIRECTOR 0.00
Director
$0 $0 $0
JASON CHIPPS DIRECTOR 0.00
Director
$0 $0 $0
LAURA ELLIS DIRECTOR 0.00
Director
$0 $0 $0
TIM CUNNINGHAM DIRECTOR 0.00
Director
$0 $0 $0
KRISTEN HARRISON DIRECTOR 0.00
Director
$0 $0 $0
STEVEN KEITH PRESIDENT 1.00
Officer Director
$0 $0 $0
GEORGE MANAHAN DIRECTOR 0.00
Director
$0 $0 $0
GAYLENE MILLER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RAY HARRELL JR DIRECTOR 0.00
Director
$0 $0 $0
PAUL SMITH DIRECTOR 0.00
Director
$0 $0 $0
CHELSEA KINZINGER SECRETARY 1.00
Officer Director
$0 $0 $0
EMILIE LOVE ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
BRANDY ROBERTSON DIRECTOR 0.00
Director
$0 $0 $0
KELLY HARMON DIRECTOR 0.00
Director
$0 $0 $0
ELIZABETH CARMICHAEL DIRECTOR 0.00
Director
$0 $0 $0
GABRIEL KING DIRECTOR 0.00
Director
$0 $0 $0
ERIN DEEGAN-CONNER DIRECTOR 0.00
Director
$0 $0 $0
FRANKI PARSONS DIRECTOR 0.00
Director
$0 $0 $0
EVAN OSBORN EXECUTIVE DIRECTOR 40.00
Officer Director
$80,044 $0 $80,044
SUSIE SALISBURY TREASURER 1.00
Officer Director
$0 $0 $0
JANE BOSTIC DIRECTOR 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
2024 No data No data No data No data
2023 $1,053,677 $910,376 $2,906,559 $143,301
2022 $738,327 $718,858 $2,752,144 $19,469
2021 $693,310 $640,109 $2,759,114 $53,201
2020 $655,628 $567,757 $2,741,292 $87,871
2019 $618,083 $567,509 $2,687,597 $50,574
2018 $634,722 $677,766 $2,669,649 $-43,044
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