WESTERN GATE LAND DEVELOPMENT CORPORATION (EIN 454250390) - Form 990 Financial Analysis & Trantor Score

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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

2012

Legal Domicile

Principal Officer

DAVID LIEVING

Phone

3042729050

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

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.

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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 $0

Program Service Revenue $0

Investment Income $267

Other Revenue $0

TOTAL REVENUE $267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,743

Other Expenses $1,743

TOTAL EXPENSES $1,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$267	$161	+0.7%
Expenses	$1,743	$2,289	-0.2%
Net Income	$-1,476	$-2,128	-0.3%

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

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
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

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	$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

WESTERN GATE LAND DEVELOPMENT CORPORATION