OHIO VALLEY INDUSTRIAL AND BUSINES… - Form 990 Financial Data

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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

1961

Legal Domicile

Principal Officer

JOSHUA JEFFERSON

Phone

3042327722

Tax Period

2022-07-01 to 2023-06-30

OHIO VALLEY INDUSTRIAL AND BUSINESS DEVELOPMENT CORPORATION, founded in 1961, is a mid-sized nonprofit that reported $11.4M in total revenue in fiscal year 2022. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 32% operating margin.

Mission

TO CREATE BUSINESS OPPORTUNITIES IN WEST VIRGINIA BY GENERATING NEW JOBS AND STIMULATING THE ECONOMY.

Program Service Accomplishments

Program 1

TO ATTRACT AND RETAIN NEW AND EXISTING BUSINESSES WITHIN THE THREE COUNTY SERVICE AREA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,591,812

Program Service Revenue $4,482,600

Investment Income $1,534,649

Other Revenue $2,814,049

TOTAL REVENUE $11,423,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,518,227

Fundraising Expenses $0

Other Expenses $5,285,107

TOTAL EXPENSES $7,803,334

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,423,110	$6,632,706	+0.7%
Expenses	$7,803,334	$5,162,681	+0.5%
Net Income	$3,619,776	$1,470,025	+1.5%

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

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

$130,292

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACH ABRAHAM	DIRECTOR	0.00	Director	$0	$0	$0
GREGORY AGRESTA	DIRECTOR	0.00	Director	$0	$0	$0
ZACK BLAIR	TREASURER	0.00	Director	$0	$0	$0
SHARON CAMPBELL	DIRECTOR	0.00	Director	$0	$0	$0
MIKE CARL	DIRECTOR	0.00	Director	$0	$0	$0
KELLY CULLEN	DIRECTOR	0.00	Director	$0	$0	$0
JOHN CULLER	DIRECTOR	0.00	Director	$0	$0	$0
MATT DRAHOS	DIRECTOR	0.00	Director	$0	$0	$0
JOE EDDY	2ND VICE CHAIR	0.00	Director	$0	$0	$0
GLENN ELLIOTT	DIRECTOR	0.00	Director	$0	$0	$0
GENE FAHEY	DIRECTOR	0.00	Director	$0	$0	$0
ROCKY FITZSIMMONS	DIRECTOR	0.00	Director	$0	$0	$0
ERIC GADD	DIRECTOR	0.00	Director	$0	$0	$0
TONY GENTILE	CHAIR	0.00	Director	$0	$0	$0
JAY GOODMAN	DIRECTOR	0.00	Director	$0	$0	$0
CONNIE GRISELL	DIRECTOR	0.00	Director	$0	$0	$0
ANNE HARMAN	DIRECTOR	0.00	Director	$0	$0	$0
DOUGLASS HARRISON	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT HARTONG II	DIRECTOR	0.00	Director	$0	$0	$0
LISA HEASLEY	DIRECTOR	0.00	Director	$0	$0	$0
CJ KAISER	DIRECTOR	0.00	Director	$0	$0	$0
PAUL LAUTTAMUS	DIRECTOR	0.00	Director	$0	$0	$0
MIKE LEO	DIRECTOR	0.00	Director	$0	$0	$0
RICH LUCAS	DIRECTOR	0.00	Director	$0	$0	$0
ANDY MCKENZIE	DIRECTOR	0.00	Director	$0	$0	$0
DAVID B MCKINLEY	DIRECTOR	0.00	Director	$0	$0	$0
DAVID H MCKINLEY	DIRECTOR	0.00	Director	$0	$0	$0
JOELLE MORAY	DIRECTOR	0.00	Director	$0	$0	$0
DANIEL MOSSER	DIRECTOR	0.00	Director	$0	$0	$0
PERRY NARDO	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT REAGER	DIRECTOR	0.00	Director	$0	$0	$0
ARCH RILEY JR	DIRECTOR	0.00	Director	$0	$0	$0
JESSICA RINE	DIRECTOR	0.00	Director	$0	$0	$0
TINA RUSH	DIRECTOR	0.00	Director	$0	$0	$0
ERIC STARKOWICZ	DIRECTOR	0.00	Director	$0	$0	$0
ERIKKA STORCH	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT VARNER	DIRECTOR	0.00	Director	$0	$0	$0
ALEX WELD	DIRECTOR	0.00	Director	$0	$0	$0
NICOLE WHORTON	DIRECTOR	0.00	Director	$0	$0	$0
AC WIETHE	DIRECTOR	0.00	Director	$0	$0	$0
BILL WILMOTH	1ST VICE CHAIR	0.00	Director	$0	$0	$0
MATT WOOD	DIRECTOR	0.00	Director	$0	$0	$0
DAN YOUNG	DIRECTOR	0.00	Director	$0	$0	$0
ERIN BALL	DIRECTOR	0.00	Director	$0	$0	$0
KIM FLORENCE	DIRECTOR	0.00	Director	$0	$0	$0
JEFF KNIGHT	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT SCHENERLEIN	DIRECTOR	0.00	Director	$0	$0	$0
KURT ZENDE	DIRECTOR	0.00	Director	$0	$0	$0
BRIAN KOMOROWSKI	ASST SECRETARY, FINANCE	40.00	Officer	$130,292	$0	$130,292
CRAIG O'LEARY	PROGRAM DIRECTOR	40.00	Officer	$0	$0	$0
JOSHUA F JEFFERSON	SECRETARY	40.00	Highest	$143,892	$0	$143,892

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	No data	No data	No data	No data
2023	$11,423,110	$7,803,334	$56,345,657	$3,619,776
2022	$6,632,706	$5,162,681	$54,495,288	$1,470,025
2021	$7,887,097	$4,632,193	$52,241,804	$3,254,904
2020	$5,966,221	$4,716,170	$49,984,062	$1,250,051
2019	$5,428,316	$4,998,350	$45,599,545	$429,966
2018	$6,478,035	$4,774,548	$47,352,122	$1,703,487

OHIO VALLEY INDUSTRIAL AND BUSINESS DEVELOPMENT CORPORATION