W VA BLACK WALNUT FESTIVAL INC (EIN 550453845) - 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

1996

Legal Domicile

Principal Officer

TERRY A WILLIAMS

Phone

3049271640

Tax Period

2024-01-01 to 2024-12-31

W VA BLACK WALNUT FESTIVAL INC, founded in 1996, is a micro nonprofit that reported $80K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $112K exceeded revenue, resulting in a 40% operating deficit.

Mission

ENHANCE, PROMOTE, ASSIST THE HOLDING OF THE WEST VIRGINIA BLACK WALNUT FESTIVAL, AN ANNUAL EVENT HELD IN SPENCER, WEST VIRGINIA

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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 $73,353

Program Service Revenue $0

Investment Income $454

Other Revenue $6,173

TOTAL REVENUE $79,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $111,973

TOTAL EXPENSES $111,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,980	$52,502	+0.5%
Expenses	$111,973	$46,303	+1.4%
Net Income	$-31,993	$6,199	-6.2%

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
TERRY WILLIAMS	EXECUTIVE DIRECTOR	005.00	Officer Director	$0	$0	$0
MARY BETH TITUS	VICE-PRESIDENT	005.00	Officer Director	$0	$0	$0
COURTNEY DAWSON	SECRETARY/TREASURER	005.00	Officer Director	$0	$0	$0
KATE GAINER	PRESIDENT	005.00	Officer Director	$0	$0	$0
ROB MILLER	DIRECTOR	005.00	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
2024	$79,980	$111,973	$177,979	$-31,993
2023	$52,502	$46,303	$209,972	$6,199
2022	$55,930	$44,863	$203,773	$11,067
2021	$33,487	$23,769	$192,706	$9,718
2020	$9,500	$7,136	$182,988	$2,364
2019	$40,749	$103,467	$180,624	$-62,718
2018	$36,305	$39,477	$243,342	$-3,172

W VA BLACK WALNUT FESTIVAL INC