LINCOLN COUNTY OPPORTUNITY COMPANY

EIN: 550484660 501(c)(3) Philanthropy & Grantmaking

HAMLIN, WV

Total Revenue
$6,789,203
Total Expenses
$7,066,154
Total Assets
$14,944,433
Net Assets
$14,258,587
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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
1964
Legal Domicile
WV
Principal Officer
William F Carpenter Jr
Phone
3048243448
Tax Period
2023-10-01 to 2024-09-30

LINCOLN COUNTY OPPORTUNITY COMPANY, founded in 1964, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $14.3M represent 25 months of operating reserves.

Mission

TO PROMOTE AND PROVIDE SOCIAL SERVICE PROGRAMS TO IMPROVE THE LIVES OF SENIOR CITIZENS AND LOW-INCOME INDIVIDUALS IN 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $939,688
Program Service Revenue $4,803,641
Investment Income $1,045,874
Other Revenue $0
TOTAL REVENUE $6,789,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,855,464
Fundraising Expenses $0
Program Expenses $6,744,431
Other Expenses $2,210,690
TOTAL EXPENSES $7,066,154

Year-over-Year Comparison

2023 2022 Change
Revenue $6,789,203 $7,349,321 -0.1%
Expenses $7,066,154 $6,127,591 +0.2%
Net Income $-276,951 $1,221,730 -1.2%
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

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Governance

Voting Members
7
Independent Members
7
Employees
261
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
3
$0
Total Directors
7
$0
Key Employees
4
$326,669
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAM BARRETT PRESIDENT 1.00
Officer Director
$0 $0 $0
CLIFFORD VANCE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
GAYLE RRALEY SECRETARY TREASURER 1.00
Officer Director
$0 $0 $0
TRACY DEMPSEY MEMBER 1.00
Director
$0 $0 $0
DELLA NOLL MEMBER 1.00
Director
$0 $0 $0
KEITH WORKMAN MEMBER 1.00
Director
$0 $0 $0
JEWELL WORKMAN MEMBER 1.00
Director
$0 $0 $0
WILLIAM CARPENTER EXECUTIVE DIRECTOR 50.00
Key Emp Highest
$120,512 $21,090 $141,602
JULIE SMITH BOOKKEEPER 40.00
Key Emp
$38,970 $6,819 $45,789
JOHANNA EPLIN EXECUTIVE ASSISTANT 40.00
Key Emp
$59,441 $10,600 $70,041
FRANCES MCCOMAS HUMAN RESOURCES MANAGER 40.00
Key Emp
$58,925 $10,312 $69,237
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 $6,789,203 $7,066,154 $14,944,433 $-276,951
2023 $7,349,321 $6,127,591 $14,248,350 $1,221,730
2022 $5,050,231 $5,786,155 $12,950,889 $-735,924
2021 $6,690,781 $4,901,272 $12,939,061 $1,789,509
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