WESTERN VIRGINIA FOUNDATION FOR THE ARTS AND SCIENCES (EIN 510238900) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

TARA MARCINIAK

Phone

5403425700

Tax Period

2024-07-01 to 2025-06-30

WESTERN VIRGINIA FOUNDATION FOR THE ARTS AND SCIENCES, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2017. Expenses of $2.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO BE AN ACTIVE PARTICIPANT IN ECONOMIC DEVELOPMENT AND EDUCATION, BOTH LOCALLY AND REGIONALLY, BY HELPING ASSURE THE FINANCIAL HEALTH OF VITAL ELEMENTS OF WESTERN AND CENTRAL VIRGINIA'S CULTURAL QUALITY OF LIFE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,237,054

Program Service Revenue $2,040,863

Investment Income $147,189

Other Revenue $279,560

TOTAL REVENUE $3,704,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,342,725

Fundraising Expenses $207,438

Program Expenses $4,086,953

Other Expenses $3,475,330

TOTAL EXPENSES $4,818,055

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,704,666	$3,295,957	+0.1%
Expenses	$4,818,055	$5,039,131	0.0%
Net Income	$-1,113,389	$-1,743,174	-0.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$132,210

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARA MARCINIAK	PRES/GEN MGR	40.00	Officer	$132,210	$0	$132,210
JOHN G ROCOVICH JR	Chairman	2.00	Officer Director	$0	$0	$0
ROBERT BENNETT	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
STEVE BOWERY	Treasurer	2.00	Officer Director	$0	$0	$0
ROY E BUCHER JR	Secretary	2.00	Officer Director	$0	$0	$0
ARNIE W ADKINS	Director	2.00	Director	$0	$0	$0
JERRY ADAMS	Director	2.00	Director	$0	$0	$0
ANDY AGEE	Director	2.00	Director	$0	$0	$0
AMANDA COX	Director	2.00	Director	$0	$0	$0
TAMI FROST	Director	2.00	Director	$0	$0	$0
JOSEPH M HOFF	Director	2.00	Director	$0	$0	$0
JEFF LEWIS	Director	2.00	Director	$0	$0	$0
JIM LULL	Director	2.00	Director	$0	$0	$0
KEITH MCKENNA	Director	2.00	Director	$0	$0	$0
MCLEAN T MICHALS	Director	2.00	Director	$0	$0	$0
JOSH NELSON	Director	2.00	Director	$0	$0	$0
W TODD ROSS	Director	2.00	Director	$0	$0	$0
JAMES C SEARS	Director	2.00	Director	$0	$0	$0
DIANE SPEAKS	Director	2.00	Director	$0	$0	$0
DANIEL C SUMMERLIN III	Director	2.00	Director	$0	$0	$0
DAVID THORNHILL	Director	2.00	Director	$0	$0	$0
DARRYL THOMPSON	Director	2.00	Director	$0	$0	$0
STACIE R VEST	Director	2.00	Director	$0	$0	$0
FLOYD P WELTON JR	Director	2.00	Director	$0	$0	$0
BARRY E WIRT JR	Director	2.00	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
2025	$3,704,666	$4,818,055	$31,727,554	$-1,113,389
2024	$3,295,957	$5,039,131	$32,755,349	$-1,743,174
2023	$4,200,055	$5,464,443	$34,108,886	$-1,264,388
2022	$3,923,023	$5,073,061	$35,342,009	$-1,150,038
2021	$2,202,426	$3,081,035	$23,731,412	$-878,609
2020	$2,083,244	$3,117,380	$24,380,831	$-1,034,136
2019	$2,333,568	$3,171,579	$25,198,439	$-838,011
2018	$2,634,911	$2,944,902	$26,004,093	$-309,991

WESTERN VIRGINIA FOUNDATION FOR THE ARTS AND SCIENCES