FRIENDS OF SOUTHWEST VIRGINIA

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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

2010

Legal Domicile

Principal Officer

KIMBERLY DAVIS

Phone

2764922400

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF SOUTHWEST VIRGINIA, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.9M left a modest 6% surplus.

Mission

THE MISSION OF FRIENDS OF SWVA IS: 1. TO PRESERVE, PROMOTE, AND PRESENT THE CULTUAL AND NATURAL ASSETS OF SWVA 2. TO WORK IN PARTNERSHIP IN THE REGION TO GENERATE ECONOMIC DEVELOPMENT THROUGH THESE EFFORTS 3. TO PROVIDE EDUCATIONAL AND CULTURAL OPPORTUNITITES FOR THE GENERAL PUBLIC AND STUDENTS IN THE REGION 4. TO SHOWCASE THE CULTURAL ASSETS OF SWVA AT THE HEARTWOOD ARTISAN GATEWAY

Program Service Accomplishments

Program 1

Expenses: $1,448,408

PRESERVE, PROMOTE, AND SHOWCASE THE CULTURAL AND NATURAL ASSETS OF SWVA, AND GENERATE ECONOMIC DEVELOPMENT THROUGH THESE EFFORTS, AS WELL AS PROVIDING EDUCATIONAL AND CULTURAL OPPORTUNITIES FOR...

PRESERVE, PROMOTE, AND SHOWCASE THE CULTURAL AND NATURAL ASSETS OF SWVA, AND GENERATE ECONOMIC DEVELOPMENT THROUGH THESE EFFORTS, AS WELL AS PROVIDING EDUCATIONAL AND CULTURAL OPPORTUNITIES FOR STUDENTS AND THE AREA'S GENERAL PUBLIC.

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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 $1,463,044

Program Service Revenue $268,699

Investment Income $1,055

Other Revenue $268,715

TOTAL REVENUE $2,001,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,047

Fundraising Expenses $0

Program Expenses $1,448,408

Other Expenses $1,618,691

TOTAL EXPENSES $1,890,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,001,513	$2,223,530	-0.1%
Expenses	$1,890,738	$2,284,320	-0.2%
Net Income	$110,775	$-60,790	-2.8%

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

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
JIMMY ADKINS	SECRETARY	N/A	Officer Director	$0	$0	$0
MICHAEL ARMBRISTER	DIRECTOR	N/A	Director	$0	$0	$0
LARRY BARTON	DIRECTOR	N/A	Director	$0	$0	$0
MAGGIE BEAL	DIRECTOR	N/A	Director	$0	$0	$0
SHANNON BLEVINS	DIRECTOR	N/A	Director	$0	$0	$0
JOHN KILGORE	DIRECTOR	N/A	Director	$0	$0	$0
STEPHEN LAWSON	VICE CHAIR	N/A	Officer Director	$0	$0	$0
AMANDA LIVINGSTON	TREASURER	N/A	Officer Director	$0	$0	$0
LYDENNA MARTIN	DIRECTOR	N/A	Director	$0	$0	$0
ALLISON MAYS	DIRECTOR	N/A	Director	$0	$0	$0
RITA MCCLENNY	DIRECTOR	N/A	Director	$0	$0	$0
WILL MOREFIELD	DIRECTOR	N/A	Director	$0	$0	$0
BRYCE SIMMONS	DIRECTOR	N/A	Director	$0	$0	$0
AARON SIZEMORE	CHAIR	N/A	Officer Director	$0	$0	$0
TODD WOLFORD	DIRECTOR	N/A	Director	$0	$0	$0
KIMBERLY DAVIS	EXECUTIVE DI	N/A	Officer	$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	$2,001,513	$1,890,738	$1,188,402	$110,775
2023	$2,102,486	$2,138,107	$1,211,982	$-35,621
2023	$2,223,530	$2,284,320	$1,230,128	$-60,790
2022	$1,695,532	$1,483,686	$1,122,100	$211,846
2021	$1,652,284	$1,586,342	$1,181,725	$65,942
2020	$1,751,052	$1,743,278	$817,690	$7,774
2019	$2,028,287	$2,013,951	$759,447	$14,336
2018	$1,778,462	$1,856,964	$831,476	$-78,502