WEST VIRGINIA HEAD START ASSOCIATI… - 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

1997

Legal Domicile

Principal Officer

LORI MILAM

Phone

3046517137

Tax Period

2024-11-01 to 2025-10-31

WEST VIRGINIA HEAD START ASSOCIATION INC, founded in 1997, is a small nonprofit in the Education sector that reported $245K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $275K exceeded revenue, resulting in a 12% operating deficit.

Program Service Accomplishments

Program 1

Expenses: $275,014 Revenue: $244,698

TO PROVIDE A PROFESSIONAL ORGANIZATION THAT SPEAKS WITH ONE VOICE FOR WEST VIRGINIAS YOUNG CHILDREN AND FAMILIES BY INVOLVING PARENTS AS DECISION MAKERS, ADVOCATING FOR HIGH QUALITY SERVICES...

TO PROVIDE A PROFESSIONAL ORGANIZATION THAT SPEAKS WITH ONE VOICE FOR WEST VIRGINIAS YOUNG CHILDREN AND FAMILIES BY INVOLVING PARENTS AS DECISION MAKERS, ADVOCATING FOR HIGH QUALITY SERVICES, STRENGTHENING PARTNERSHIPS ON THE LOCAL AND STATE LEVEL, PROVIDING STATEWIDE TRAINING FOR EARLY CHILDHOOD PROGRAMS, AND CIRCULATING KEY INFORMATION TO LOCAL HEAD START PROGRAMS.

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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 $130,569

Program Service Revenue $114,129

Investment Income $0

Other Revenue $0

TOTAL REVENUE $244,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $275,014

Other Expenses $275,014

TOTAL EXPENSES $275,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,698	$216,743	+0.1%
Expenses	$275,014	$280,201	0.0%
Net Income	$-30,316	$-63,458	-0.5%

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

N/A

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
LORI MILAM	DIRECTOR	N/A	Director	$0	$0	$0
KAREN BROWNING	PRESIDENT	N/A	Director	$0	$0	$0
TIFFANY MONTGOMERY	VICE PRESIDENT	N/A	Director	$0	$0	$0
TRACY COX	TREASURER	N/A	Director	$0	$0	$0
GLENNA MCCOY	SECRETARY	N/A	Director	$0	$0	$0
CHRISTY SKAGGS	PARLIAMENTARIAN	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	$244,698	$275,014	$235,799	$-30,316
2024	$216,743	$280,201	$269,750	$-63,458
2023	$221,743	$207,773	$328,138	$13,970
2022	$255,747	$205,941	$318,914	$49,806
2021	$224,783	$148,556	$268,808	$76,227

WEST VIRGINIA HEAD START ASSOCIATION INC