VIRGINIA'S NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE INC (EIN 541545804) - 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

1990

Legal Domicile

Principal Officer

KATHLEEN BOSWELL

Phone

5402670007

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA'S NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE INC, founded in 1990, is a small nonprofit that reported $574K in total revenue in fiscal year 2018. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $122K, a strong 21% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO ATTRACT AND RETAIN WORLD CLASS JOBS, INVESTMENT AND TALENT IN VIRGINIAS NEW RIVER VALLEY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $512,904

Program Service Revenue $44,003

Investment Income $7,291

Other Revenue $0

TOTAL REVENUE $564,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $324,435

Fundraising Expenses $9,601

Program Expenses $413,100

Other Expenses $236,241

TOTAL EXPENSES $560,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$564,198	$549,735	+0.0%
Expenses	$560,676	$650,615	-0.1%
Net Income	$3,522	$-100,880	-1.0%

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

$96,075

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN BOSWELL	EXECUTIVE DI	40.00	Officer	$96,075	$0	$96,075
BRIAN ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
KEITH BOYD	DIRECTOR	1.00	Director	$0	$0	$0
MINDY BOYD	DIRECTOR	1.00	Director	$0	$0	$0
APRIL DEMOTTS	TREASURER	2.00	Officer Director	$0	$0	$0
LAUREN DUDLEY	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
SARA EATON-MCDANIEL	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY FULTZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
CORA GNEGY	SECRETARY	2.00	Officer Director	$0	$0	$0
BRIAN HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
MATT HANRATTY	DIRECTOR	1.00	Director	$0	$0	$0
VINCE HATCHER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HICKS	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN HOCKERSMITH	DIRECTOR	1.00	Director	$0	$0	$0
MARTY HOLLIDAY	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA JOYNER	DIRECTOR	1.00	Director	$0	$0	$0
CARIE KINGERY	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MILLSAPS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW OWENS	DIRECTOR	1.00	Director	$0	$0	$0
GRAYSON PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PROVO	DIRECTOR	1.00	Director	$0	$0	$0
KIM REPASS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ROSS	DIRECTOR	1.00	Director	$0	$0	$0
MARK ROWH	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
LEE WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE WHITLOCK	DIRECTOR	1.00	Director	$0	$0	$0
ABRAM WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
RANDY WINGFIELD	DIRECTOR	1.00	Director	$0	$0	$0
MARK WOOLWINE	CHAIR	2.00	Officer 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	No data	No data	No data	No data
2024	$564,198	$560,676	$433,270	$3,522
2023	$549,735	$650,615	$442,228	$-100,880
2022	$566,156	$452,933	$544,979	$113,223
2021	$509,443	$438,786	$438,079	$70,657
2020	$517,466	$484,204	$365,214	$33,262
2019	$573,588	$451,381	$332,170	$122,207

VIRGINIA'S NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE INC