UPPER KANAWHA VALLEY ECONOMIC DEVELOPMENT CORPORATION (EIN 550652373) - 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

Legal Domicile

Phone

3049816400

Tax Period

2024-01-01 to 2024-12-31

UPPER KANAWHA VALLEY ECONOMIC DEVELOPMENT CORPORATION is a small nonprofit that reported $530K in total revenue in fiscal year 2024. Expenses of $1.5M exceeded revenue, resulting in a 189% operating deficit.

Mission

LOCAL ECONOMIC DEVELOPMENT ACTIVITIES.

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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 $5,751

Program Service Revenue $0

Investment Income $0

Other Revenue $524,199

TOTAL REVENUE $529,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,529,393

TOTAL EXPENSES $1,529,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$529,950	$-124,114	-5.3%
Expenses	$1,529,393	N/A	N/A
Net Income	$-999,443	$-124,114	+7.1%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG INGRAM	Vice President	1.00	Officer Director	$0	$0	$0
KAYE FORD	Secretary	1.00	Officer Director	$0	$0	$0
CARL KENNEDY	President	1.00	Officer Director	$0	$0	$0
SANDY HUDDLESTON	Director	1.00	Director	$0	$0	$0
JEANNE SMITH	Director	1.00	Director	$0	$0	$0
SHARON PARKS	Director	1.00	Director	$0	$0	$0
LES THOMAS	Director	1.00	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	$529,950	$1,529,393	$8,936	$-999,443
2023	$-124,114	No data	$1,872,142	No data
2022	$-137,307	No data	$1,996,256	No data
2021	$-123,313	No data	$2,133,563	No data
2020	$-139,200	No data	$2,256,876	No data
2019	$-133,782	No data	$2,396,076	No data
2018	$-119,385	No data	$2,532,997	No data

UPPER KANAWHA VALLEY ECONOMIC DEVELOPMENT CORPORATION