UNITED WAY OF SOUTHERN WV INC (EIN 550562858) - 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

1965

Legal Domicile

Principal Officer

TRENA DACAL

Phone

3042532111

Tax Period

2023-01-01 to 2023-12-31

UNITED WAY OF SOUTHERN WV INC, founded in 1965, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $753K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $849K exceeded revenue, resulting in a 13% operating deficit.

Mission

UNITED WAY IS WORKING TO ADVANCE THE COMMON GOOD BY FOCUSING ON EDUCATION, INCOME AND HEALTH. THESE ARE THE BUILDING BLOCKS FOR A GOOD LIFE - A QUALITY EDUCATION THAT LEADS TO A STABLE JOB, ENOUGH INCOME TO SUPPORT A FAMILY THROUGH RETIREMENT AND GOOD HEALTH. OUR GOAL IS TO CREATE REAL LONG LASTING CHANGE THAT PREVENTS PROBLEMS FROM HAPPENING IN THE FIRST PLACE. TOGETHER,UNITED, WE CAN ASPIRE HOPE AND CREATE OPPORTUNITIES FOR A BETTER TOMORROW. TO SOLICIT FUNDS AND PROPERTY FOR SUCH AGENCIES TO ACQUIRE BY GIFT,LEGACY, DEVISE, PURCHASE OR OTHERWISE PROPERTY OF EVERY KIND AND NATURE, BOTH REAL AND PERSONAL FOR SUCH AGENCIES TO LEASE, MORTGAGE, PLEDGE SELL CONVEY OR OTHERWISE DISPOSE OF SUCH PROPERTY. TO INVEST AND EXPEND FUNDS, AND TO DISTRIBUTE FUNDS TO SUCH AGENCIES. TO CREATE A MORE GENERAL INTEREST IN THE SERVICE OF SUCH AGENCIES AND IN THE UNIFIED APPEAL PLAN. TO DO ALL ACTS AND THINGS NECESSARY, CONVENIENT, OR EXPEDIENT TO CARRY OUT THE ABOVE MENTIONED PURPOSE

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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 (2023)

Revenue Breakdown

Contributions & Grants $350,961

Program Service Revenue $0

Investment Income $745

Other Revenue $401,197

TOTAL REVENUE $752,903

Expense Breakdown

Grants Paid $594,896

Salaries & Benefits $175,698

Fundraising Expenses $35,163

Program Expenses $760,219

Other Expenses $78,794

TOTAL EXPENSES $849,388

Year-over-Year Comparison

	2023	2022	Change
Revenue	$752,903	$821,366	-0.1%
Expenses	$849,388	$818,217	+0.0%
Net Income	$-96,485	$3,149	-31.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE COPENHAVER	BOARD MEMBER	0.50	Director	$0	$0	$0
RACHEL CORNETT	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
TODD CORNET	BOARD MEMBER	0.50	Director	$0	$0	$0
DEB EVANS	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREN EWING	VICE CHAIR FINANCE	0.50	Officer Director	$0	$0	$0
JONATHON GROSE	CHAIRMAN	0.50	Officer Director	$0	$0	$0
SHERRI HUNTER	BOARD MEMBER	0.50	Director	$0	$0	$0
TERRI HARLAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JEREMIAH JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
JO LYNN KEATON	BOARD MEMBER	0.50	Director	$0	$0	$0
TRINA EPPERLY	BOARD MEMBER	0.50	Director	$0	$0	$0
MEGAN LEGURSKY	BOARD MEMBER	0.50	Director	$0	$0	$0
JOAN NEFF	BOARD MEMBER	0.50	Director	$0	$0	$0
ANGELA RAMSY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROB RAPPOLD	BOARD MEMBER	0.50	Director	$0	$0	$0
ROY SHREWSBURY	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHEN WORD	BOARD MEMBER	0.50	Director	$0	$0	$0
PAULA WYKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYLE MITCHEM	VP ADMIN	0.50	Director	$0	$0	$0
JESSICA RUBIN	BOARD MEMBER	0.50	Director	$0	$0	$0
BETH REGER	BOARD MEMBER	0.50	Director	$0	$0	$0
ROB RIDGEWAY	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFF DISBIBO	BOARD MEMBER	0.50	Director	$0	$0	$0
BOB CANTER	BOARD MEMBER	0.50	Director	$0	$0	$0
ADAM HODGES	BOARD MEMBER	0.50	Director	$0	$0	$0
NOAH KAPP	BOARD MEMBER	0.50	Director	$0	$0	$0
LIZ NELSON	BOARD MEMBER	0.50	Director	$0	$0	$0
ZACK STATLER	BOARD MEMBER	0.50	Director	$0	$0	$0
ASHLEY WILLIAMS	BOARD MEMBER	0.50	Director	$0	$0	$0
JORDAN WOOLDRIDGE	PARLIAMENTRIAM	0.50	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
2024	No data	No data	No data	No data
2023	$752,903	$849,388	$866,847	$-96,485
2022	$821,366	$818,217	$860,313	$3,149
2021	$623,524	$621,281	$784,185	$2,243
2020	$890,194	$259,131	$618,460	$631,063
2019	$721,510	$681,156	$322,264	$40,354
2018	$817,011	$849,707	$434,009	$-32,696

UNITED WAY OF SOUTHERN WV INC