Wayne, WV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WESTERN GATE LAND DEVELOPMENT CORPORATION, founded in 2012, is a micro nonprofit in the Community Improvement sector that reported $267 in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $2K exceeded revenue, resulting in a 553% operating deficit.
The mission of the Western Gate Land Development Corporation (WGLDC) is to create jobs in Wayne County, West Virginia and the Tri-State Area of West Virginia, Ohio and Kentucky. The accomplishment of this mission will enhance the area business climate, facilitate continued growth of the area, diversify the local economy, expand the tax base an enhance the employment opportunities for area residents, thereby improving the overall standard of living for all citizens. WGLDC identifies these specific development initiatives as crucial components to support their mission: Market the regions to attract higher wage jobs that will support our families; Cultivate the growth of jobs through economic development initiatives; Build alliances to foster economic development and workforce strategy.
To obtain and develop property in order to help create and maintain a suitable environment in which to promote economic growth. The WGLDC will also obtain property that it will hold for resale in...
To obtain and develop property in order to help create and maintain a suitable environment in which to promote economic growth. The WGLDC will also obtain property that it will hold for resale in order to provide funding for economic growth in the area.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $267 | $161 | +0.7% |
| Expenses | $1,743 | $2,289 | -0.2% |
| Net Income | $-1,476 | $-2,128 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ryan Turner | President | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Kenneth Adkins | Vice-President | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Mitzie Russell | Secretary/Treasurer | 1 |
Officer
Director
|
$0 | $0 | $0 |
| David Lieving | Executive Director | 1 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $267 | $1,743 | $40,469 | $-1,476 |
| 2024 | $161 | $2,289 | $41,945 | $-2,128 |
| 2023 | $201 | $1,121 | $44,073 | $-920 |
| 2022 | $-534,977 | $5,996 | $44,993 | $-540,973 |
| 2021 | $900 | $21,092 | $585,966 | $-20,192 |
| 2020 | $30,024 | $19,015 | $606,158 | $11,009 |
Compare WESTERN GATE LAND DEVELOPMENT CORPORATION with other nonprofits in West Virginia and across the country.