WEST VIRGINIA COAL ASSOCIATION

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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

2000

Legal Domicile

Principal Officer

CHRIS HAMILTON

Phone

3043424153

Tax Period

2024-01-01 to 2024-12-31

WEST VIRGINIA COAL ASSOCIATION, founded in 2000, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO HAVE A UNIFIED VOICE REPRESENTING THE COAL INDUSTRY IN WEST VIRGINIA AND THE NATION AND TO INCREASE EMPHASIS ON COAL AS A RELIABLE ENERGY SOURCE IN ORDER TO HELP THE NATION ACHIEVE ENERGY INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $1,191,049 Revenue: $1,284,712

THE ORGANIZATION KEPT ITS MEMBERS INFORMED OF GOVERNMENTAL MATTERS AFFECTING THE COAL INDUSTRY.

Program 2

Expenses: $93,107

OVERALL POSITIVE PROMOTION OF THE INDUSTRY TO THE GENERAL PUBLIC.

Program 3

THE ORGANIZATION ENGAGED IN LAWFUL AND LEGITIMATE ACTIVITIES TO PROPERLY SAFEGUARD, PROTECT AND ADVANCE THE COAL INDUSTRY AND INFORM ITS MEMBERS AND THE PUBLIC OF THE POSITIVE ATTRIBUTES OF THE...

THE ORGANIZATION ENGAGED IN LAWFUL AND LEGITIMATE ACTIVITIES TO PROPERLY SAFEGUARD, PROTECT AND ADVANCE THE COAL INDUSTRY AND INFORM ITS MEMBERS AND THE PUBLIC OF THE POSITIVE ATTRIBUTES OF THE INDUSTRY.

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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 $1,298,358

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,298,358

Expense Breakdown

Grants Paid $19,850

Salaries & Benefits $628,686

Fundraising Expenses $0

Program Expenses $1,284,156

Other Expenses $745,450

TOTAL EXPENSES $1,393,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,298,358	$1,401,660	-0.1%
Expenses	$1,393,986	$1,336,600	+0.0%
Net Income	$-95,628	$65,060	-2.5%

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

$483,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDAL ATKINS	BOARD MEMBER	0.50	Director	$0	$0	$0
RUSSELL BOLYARD	TREASURER	0.50	Officer Director	$0	$0	$0
RANDY CHEETHAM	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL DAY	BOARD MEMBER	0.50	Director	$0	$0	$0
JAY JUSTICE	BOARD MEMBER	0.50	Director	$0	$0	$0
JESS PARRISH	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN SCHRODER	BOARD MEMBER	0.50	Director	$0	$0	$0
GREG WOOTEN	SECRETARY	0.50	Officer Director	$0	$0	$0
EVAN MIDLER	BOARD MEMBER	0.50	Director	$0	$0	$0
DENNIS WATSON	BOARD MEMBER	0.50	Director	$0	$0	$0
CHUCK CHILDERS	BOARD MEMBER	0.50	Director	$0	$0	$0
MITCH POTTER	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS R HAMILTON	PRESIDENT	50.00	Officer	$224,276	$37,125	$261,401
JASON BOSTIC	VICE-PRESIDENT	50.00	Officer	$203,963	$17,676	$221,639

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
2024	$1,298,358	$1,393,986	$439,202	$-95,628
2023	$1,401,660	$1,336,600	$650,578	$65,060
2022	$1,298,517	$1,331,829	$326,667	$-33,312
2021	$1,220,464	$1,305,015	$368,709	$-84,551
2020	$1,474,127	$1,587,843	$469,007	$-113,716
2019	$1,822,509	$1,970,571	$635,871	$-148,062
2018	$1,891,821	$1,791,383	$767,617	$100,438