WEST VIRGINIA ASSOCITION OF REHABILITATION FACILITIES INC (EIN 550633886) - 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

Principal Officer

NITA HOBBS

Phone

6816610143

Tax Period

2024-01-01 to 2024-12-31

WEST VIRGINIA ASSOCITION OF REHABILITATION FACILITIES INC is a mid-sized nonprofit that reported $18.6M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE WEST VIRGINIA ASSOCIATION OF REHABILITATION FACILITIES, INC. IS FOR THE PUBLIC TO HAVE A STRONG, POSITIVE IMAGE ABOUT THE PRODUCTS AND SERVICES PROVIDED BY THE MANY EFFICIENT AND FINANCIALLY VIABLE COMMUNITY REHABILITATION PROGRAMS LOCATED THROUGHOUT WEST VIRGINIA, GIVING EVERY INDIVIDUAL WITH DIFFERING ABILITIES THE OPPORTUNITY TO HAVE GAINFUL EMPLOYMENT, WHILE OFFERING ADDED VALUE, FAIR MARKET PRICED PRODUCTS AND SERVICES TO STATE CUSTOMERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $32,500

Program Service Revenue $18,349,052

Investment Income $196,831

Other Revenue $1,361

TOTAL REVENUE $18,579,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $560,012

Fundraising Expenses $0

Program Expenses $18,075,430

Other Expenses $17,833,670

TOTAL EXPENSES $18,393,682

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,579,744	$18,647,555	0.0%
Expenses	$18,393,682	$18,834,984	0.0%
Net Income	$186,062	$-187,429	-2.0%

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

$76,664

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NITA HOBBS	CFO / ASSOCI	40.00	Officer	$76,664	$0	$76,664
JOHN DAVIDSON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN EMERSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
JIM HASH	DIRECTOR	2.00	Director	$0	$0	$0
FRANKI PARSONS	DIRECTOR	2.00	Director	$0	$0	$0
DIANE SLAUGHTER	DIRECTOR	2.00	Director	$0	$0	$0
AIMEE WHITE	DIRECTOR	2.00	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	$18,579,744	$18,393,682	$4,313,578	$186,062
2022	$19,670,716	$19,772,342	$5,317,824	$-101,626
2021	$18,678,940	$18,788,556	$5,842,851	$-109,616
2020	$16,675,251	$16,443,072	$6,290,344	$232,179
2019	$18,613,490	$18,672,244	$5,319,610	$-58,754
2018	$18,055,139	$17,984,587	$4,969,456	$70,552

WEST VIRGINIA ASSOCITION OF REHABILITATION FACILITIES INC