GREATER NEW MARTINSVILLE DEVELOPMENT CORP (EIN 550678917) - 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

1998

Legal Domicile

Principal Officer

April Pierce

Tax Period

2022-01-01 to 2022-12-31

GREATER NEW MARTINSVILLE DEVELOPMENT CORP, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $129K in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $119K left a modest 8% surplus.

Mission

TO CREATE A BROAD UNDERSTANDING AND APPRECIATION OF THE GREAT OPPORTUNITIES IN THE WETZEL COUNTY AREA AND TO PROMOTE THE ADVANTAGES AND ASSETS OF OUR COMMUNITIES THROUGH OUR FOUR STRATEGIC PILLARS VIA COMMITTEES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $43,788

Program Service Revenue $30,228

Investment Income $1,274

Other Revenue $53,598

TOTAL REVENUE $128,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,827

Fundraising Expenses $0

Program Expenses $118,534

Other Expenses $54,707

TOTAL EXPENSES $118,534

Year-over-Year Comparison

	2022	2021	Change
Revenue	$128,888	$166,629	-0.2%
Expenses	$118,534	$109,091	+0.1%
Net Income	$10,354	$57,538	-0.8%

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

160

Independent Members

160

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debra Thomas	SECRETARY	1.00	Officer	$0	$0	$0
Andrea Melott	TREASURER	1.00	Officer	$0	$0	$0
April Pierce	PRESIDENT	1.00	Officer	$0	$0	$0
ASHLEY BLAKE	VICE PRESIDENT	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$128,888	$118,534	$397,800	$10,354
2021	$166,629	$109,091	$393,686	$57,538
2020	$95,883	$120,383	$336,148	$-24,500

GREATER NEW MARTINSVILLE DEVELOPMENT CORP