WEST VIRGINIA BUSINESS AND INDUSTRY COUNCIL

EIN: 550611110

CHARLESTON, WV

Total Revenue
$35,234
Total Expenses
$54,780
Total Assets
$54,019
Net Assets
$54,019
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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
1982
Legal Domicile
WV
Principal Officer
BRIAN BROWN
Phone
3043435500
Tax Period
2024-01-01 to 2024-12-31

WEST VIRGINIA BUSINESS AND INDUSTRY COUNCIL, founded in 1982, is a micro nonprofit that reported $35K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $55K exceeded revenue, resulting in a 55% operating deficit.

Mission

THE WV BUSINESS & INDUSTRY COUNCIL WORKS TO IMPROVE THE STATE'S BUSINESS CLIMATE. THE MEMBERS ARE FOOT SOLDERS FOR CHANGE - THE EYES, EARS, MINDS AND VOICES FIGHTING AS ONE FOR A BRIGHT WV FUTURE. THE SUCCESS OF BUSINESS AND INDUSTRY IN WEST VIRGINIA IS CRITICAL TO THE WELL BEING OF OUR STATE. BIC FOCUSES ON IMPROVING THE STATE'S ECONOMIC AND POLITICAL CONDITIONS WITH THE GOAL OF MAXIMIZING OPPORTUNITY IN THE MOUNTAIN STATE BY CONCENTRATING THEIR EFFORTS ON JOB DEVELOPMENT, LEGAL FAIRNESS, INFRASTRUCTURE IMPROVEMENT AND FISCAL RESPONSIBILITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $26,000
Program Service Revenue $7,050
Investment Income $2
Other Revenue $2,182
TOTAL REVENUE $35,234

Expense Breakdown

Grants Paid $7,250
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $47,530
TOTAL EXPENSES $54,780

Year-over-Year Comparison

2024 2023 Change
Revenue $35,234 $51,051 -0.3%
Expenses $54,780 $39,690 +0.4%
Net Income $-19,546 $11,361 -2.7%
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
17
Independent Members
17
Employees
N/A
Volunteers
17

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
5
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE CLOWSER PAST CHAIR 1.00
Officer Director
$0 $0 $0
BRIDGET LAMBERT CHAIRMAN 5.00
Officer Director
$0 $0 $0
AUSTIN WALLACE BOARD MEMBER 1.00
Director
$0 $0 $0
SAM MINARDI TREASURER 1.00
Officer Director
$0 $0 $0
CHRIS HAMILTON BOARD MEMBER 1.00
Director
$0 $0 $0
RAY JOSEPH BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLIE BURD VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
LOUIS SOUTHWORTH BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL HAID BOARD MEMBER 1.00
Director
$0 $0 $0
TRACI NELSON BOARD MEMBER 1.00
Director
$0 $0 $0
JARED WYRICK BOARD MEMBER 1.00
Director
$0 $0 $0
JILL RICE BOARD MEMBER 1.00
Director
$0 $0 $0
DWAYNE O'DELL BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA MCPHAIL BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC CARLSON BOARD MEMBER 1.00
Director
$0 $0 $0
JIM KAUFMAN BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN PRICE BOARD MEMBER 1.00
Director
$0 $0 $0
BRYAN BROWN EXECUTIVE DIRECTOR 5.00
Officer
$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 $35,234 $54,780 $54,019 $-19,546
2023 $51,051 $39,690 $73,565 $11,361
2022 $57,501 $41,786 $62,204 $15,715
2021 $53,001 $36,233 $46,489 $16,768
2020 $64,125 $68,849 $29,721 $-4,724
2019 $70,370 $62,743 $51,804 $7,627
2018 $76,606 $81,200 $44,177 $-4,594
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