WEST VIRGINIA HEALTH CARE ASSOCIATION INC (EIN 550569085) - 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

1976

Legal Domicile

Principal Officer

MARTIN J WRIGHT JR

Phone

3043464575

Tax Period

2023-01-01 to 2023-12-31

WEST VIRGINIA HEALTH CARE ASSOCIATION INC, founded in 1976, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.0M left a modest 14% surplus.

Mission

TO PROMOTE THE GENERAL WELFARE THROUGH DEVELOPMENT AND MAINTENANCE OF HIGH STANDARDS OF PROFESSIONAL CARE AND ADMINISTRATION IN ALL LONG-TERM CARE FACILITIES TO ESTABLISH AND PROMOTE PROGRAMS OF EDUCATION FOR MAINTAINING HIGH STANDARDS OF PROFESSIONAL CARE AND ADMINISTRATION IN ALL LONG-TERM CARE FACILITIES

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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 $0

Program Service Revenue $1,163,317

Investment Income $37,524

Other Revenue $0

TOTAL REVENUE $1,200,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $570,953

Fundraising Expenses $0

Program Expenses $815,757

Other Expenses $461,456

TOTAL EXPENSES $1,032,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,200,841	$1,169,072	+0.0%
Expenses	$1,032,409	$1,093,819	-0.1%
Net Income	$168,432	$75,253	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$234,993

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN EDDY	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MARCY FARINACCI	MEMBER	1.00	Director	$0	$0	$0
TANATHA AMOS	MEMBER	1.00	Director	$0	$0	$0
SCOTT FOX	MEMBER	1.00	Director	$0	$0	$0
MICHAEL GORE	MEMBER	1.00	Director	$0	$0	$0
BRIAN CHAPMAN	MEMBER	1.00	Director	$0	$0	$0
RODNEY HANNAH	PRESIDENT	1.00	Officer Director	$0	$0	$0
NATHAN HANSHEW	MEMBER	1.00	Director	$0	$0	$0
STEFANIE COMPTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TODD JONES	MEMBER	1.00	Director	$0	$0	$0
CHRIS MARSHALL	TREASURER	1.00	Officer Director	$0	$0	$0
MATTHEW POORMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEW CAMPBELL	MEMBER	1.00	Director	$0	$0	$0
SARA HOLLER	MEMBER	1.00	Director	$0	$0	$0
HALEY MOOORE	MEMBER	1.00	Director	$0	$0	$0
MARTIN J WRIGHT JR	CHIEF EXECUTIVE OFFICER	44.00	Key Emp	$221,692	$13,301	$234,993
PAMELA MEADOR	DIRECTOR OF REGULATORY SERVICES	44.00	Highest	$107,500	$8,600	$116,100

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	$1,200,841	$1,032,409	$2,978,191	$168,432
2022	$1,169,072	$1,093,819	$2,992,808	$75,253
2021	$1,411,481	$1,099,303	$2,780,625	$312,178
2020	$1,380,763	$1,577,262	$2,579,196	$-196,499
2019	$1,216,987	$957,095	$2,519,463	$259,892
2018	$1,271,415	$1,421,554	$2,196,449	$-150,139

WEST VIRGINIA HEALTH CARE ASSOCIATION INC