MID-OHIO VALLEY REGIONAL AREA DEVELOPMENT CORPORATION

EIN: 550612212

PARKERSBURG, WV

Total Revenue
$254,627
Total Expenses
$173,775
Total Assets
$6,692,140
Net Assets
$3,958,649
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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
1981
Legal Domicile
WV
Principal Officer
JILL PARSONS
Phone
3044224993
Tax Period
2024-07-01 to 2025-06-30

MID-OHIO VALLEY REGIONAL AREA DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit that reported $255K in total revenue in fiscal year 2024. The organization ran a surplus of $81K, a strong 32% operating margin.

Mission

TO PROMOTE BUSINESS DEVELOPMENT, EXPANSION, AND JOB CREATION.

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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 $0
Program Service Revenue $140,784
Investment Income $113,843
Other Revenue $0
TOTAL REVENUE $254,627

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,408
Fundraising Expenses $0
Program Expenses $173,775
Other Expenses $171,367
TOTAL EXPENSES $173,775

Year-over-Year Comparison

2024 2023 Change
Revenue $254,627 $254,774 0.0%
Expenses $173,775 $216,923 -0.2%
Net Income $80,852 $37,851 +1.1%
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
50
Independent Members
50
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
0
$0
Total Directors
50
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK ANDERSON DIRECTOR 0.25
Director
$0 $0 $0
RYAN BARBER DIRECTOR 0.25
Director
$0 $0 $0
TIM BARNES DIRECTOR 0.25
Director
$0 $0 $0
DALE BAUMGARTNER DIRECTOR 0.25
Director
$0 $0 $0
JOHN BELINES DIRECTOR 0.25
Director
$0 $0 $0
PAT BOYLES DIRECTOR 0.25
Director
$0 $0 $0
SHEILA BURCH DIRECTOR 0.25
Director
$0 $0 $0
NIKKI COLLINS DIRECTOR 0.25
Director
$0 $0 $0
ANDREW CORKREAN DIRECTOR 0.25
Director
$0 $0 $0
SHARLENE DODD DIRECTOR 0.25
Director
$0 $0 $0
CHAD EMERICK DIRECTOR 0.25
Director
$0 $0 $0
MATT FREELAND DIRECTOR 0.25
Director
$0 $0 $0
JOHN GRIFFEN DIRECTOR 0.25
Director
$0 $0 $0
GARY HAUGH DIRECTOR 0.25
Director
$0 $0 $0
ALAN HAUGHT DIRECTOR 0.25
Director
$0 $0 $0
JOE HENTHORN DIRECTOR 0.25
Director
$0 $0 $0
LANCE HICKMAN DIRECTOR 0.25
Director
$0 $0 $0
CLYDE HOCHSTRASSER DIRECTOR 0.25
Director
$0 $0 $0
L PAUL INGRAM DIRECTOR 0.25
Director
$0 $0 $0
TORIE JACKSON DIRECTOR 0.25
Director
$0 $0 $0
PAUL JORDAN DIRECTOR 0.25
Director
$0 $0 $0
TOM JOYCE DIRECTOR 0.25
Director
$0 $0 $0
STEVE KASTIGAR DIRECTOR 0.25
Director
$0 $0 $0
MEGAN LAKE DIRECTOR 0.25
Director
$0 $0 $0
ROBERT E LAWTHER DIRECTOR 0.25
Director
$0 $0 $0
STEVE LEWIS DIRECTOR 0.25
Director
$0 $0 $0
RICHARD MARTIN DIRECTOR 0.25
Director
$0 $0 $0
JACOB MCCUMBERS DIRECTOR 0.25
Director
$0 $0 $0
JOSH MILLER DIRECTOR 0.25
Director
$0 $0 $0
BOBBI MOORE DIRECTOR 0.25
Director
$0 $0 $0
MITCH MORRISON DIRECTOR 0.25
Director
$0 $0 $0
DAVID MYERS DIRECTOR 0.25
Director
$0 $0 $0
STEVE PARKS DIRECTOR 0.25
Director
$0 $0 $0
JILL PARSONS DIRECTOR 0.25
Director
$0 $0 $0
ROBERT PERTOSKEY DIRECTOR 0.25
Director
$0 $0 $0
J ERIC PETERS DIRECTOR 0.25
Director
$0 $0 $0
CHRIS PHILLIPS DIRECTOR 0.25
Director
$0 $0 $0
LINDSEY PIERSOL DIRECTOR 0.25
Director
$0 $0 $0
CAROLYN RADER DIRECTOR 0.25
Director
$0 $0 $0
RANDY RAPP DIRECTOR 0.25
Director
$0 $0 $0
DOUG RENNER DIRECTOR 0.25
Director
$0 $0 $0
BILL RICE DIRECTOR 0.25
Director
$0 $0 $0
RANDALL RIGGS DIRECTOR 0.25
Director
$0 $0 $0
ROBERT RIGGS DIRECTOR 0.25
Director
$0 $0 $0
STEPHEN SEAGO DIRECTOR 0.25
Director
$0 $0 $0
BOB TEBAY DIRECTOR 0.25
Director
$0 $0 $0
STEVE THOMAS DIRECTOR 0.25
Director
$0 $0 $0
STEPHEN WHITED DIRECTOR 0.25
Director
$0 $0 $0
MARK WHITLEY DIRECTOR 0.25
Director
$0 $0 $0
TERRY WILLIAMS DIRECTOR 0.25
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
2025 $254,627 $173,775 $6,692,140 $80,852
2024 $254,774 $216,923 $6,786,000 $37,851
2023 $220,528 $304,117 $6,735,982 $-83,589
2022 $369,526 $142,616 $6,943,061 $226,910
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