CADCO FOUNDATION INC

EIN: 550680725 501(c)(3) Community Improvement

Charleston, WV

Total Revenue
$16,117
Total Expenses
$43,375
Total Assets
$2,033,993
Net Assets
$1,716,704
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
WV
Principal Officer
Mara C Boggs
Phone
3043404253
Tax Period
2023-01-01 to 2023-12-31

CADCO FOUNDATION INC, founded in 1988, is a micro nonprofit in the Community Improvement sector that reported $16K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $43K exceeded revenue, resulting in a 169% operating deficit.

Mission

CADCO Foundation, Inc. provides support to programs that stimulate economic and community development with an emphasis on job creation and business retention in Charleston, WV and the surrounding area.

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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 (2023)

Revenue Breakdown

Contributions & Grants $91,617
Program Service Revenue $0
Investment Income $-75,500
Other Revenue $0
TOTAL REVENUE $16,117

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,000
Other Expenses $23,375
TOTAL EXPENSES $43,375

Year-over-Year Comparison

2023 2022 Change
Revenue $16,117 $186,187 -0.9%
Expenses $43,375 $179,554 -0.8%
Net Income $-27,258 $6,633 -5.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
37
Independent Members
37
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
6
$293,565
Total Directors
37
$0
Key Employees
2
$293,565
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nicole Christian President and CEO 5
Officer Key Emp Highest
$0 $25,443 $175,581
Debra S James CFO 5
Officer Key Emp
$0 $20,187 $117,984
Adam R Krason Chairman 3
Officer Director
$0 $0 $0
Ellen S Cappellanti Vice Chair 1
Officer Director
$0 $0 $0
Matthew Bond Treasurer 1
Officer Director
$0 $0 $0
Tessa M White Secretary 1
Officer Director
$0 $0 $0
Nancy Bruns Director 1
Director
$0 $0 $0
Robert Burton Director 1
Director
$0 $0 $0
Ericke Cage Director 1
Director
$0 $0 $0
Sandy Call Director 1
Director
$0 $0 $0
Steve Collins Director 1
Director
$0 $0 $0
Fonda Elliot Director 1
Director
$0 $0 $0
Kensie Hamilton Fauber Director 1
Director
$0 $0 $0
David P Ferretti Director 1
Director
$0 $0 $0
Scott Goetz Director 1
Director
$0 $0 $0
Dickinson Gould III Director 1
Director
$0 $0 $0
Mike Holtsclaw Director 1
Director
$0 $0 $0
Mike McCown Director 1
Director
$0 $0 $0
Chris Morris Director 1
Director
$0 $0 $0
Evan Osborn Director 1
Director
$0 $0 $0
C Anthony Parker Director 1
Director
$0 $0 $0
Marcus Phillips Director 1
Director
$0 $0 $0
Greg Rosencrance MD Director 1
Director
$0 $0 $0
Jack Rossi Director 1
Director
$0 $0 $0
Martin Roth Director 1
Director
$0 $0 $0
Jeff Sandene Director 1
Director
$0 $0 $0
John Scalzo Director 1
Director
$0 $0 $0
Lyle Smith Director 1
Director
$0 $0 $0
Patrick Smith Director 1
Director
$0 $0 $0
Diana Sole Director 1
Director
$0 $0 $0
Diane Strong-Treister Director 1
Director
$0 $0 $0
Ben Thomas Director 1
Director
$0 $0 $0
Bob Welch Director 1
Director
$0 $0 $0
Ron Butlin Ex-Officio Director 1
Director
$0 $0 $0
Mayor Amy Goodwin Ex-Officio Director 1
Director
$0 $0 $0
Mayor Frank A Mullens Ex-Officio Director 1
Director
$0 $0 $0
Jack W Nuckols Ex-Officio Director 1
Director
$0 $0 $0
Dominique Ranieri Ex-Officio Director 1
Director
$0 $0 $0
Commissioner Lance Wheeler Ex-Officio Director 1
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 No data No data No data No data
2023 $16,117 $43,375 $2,033,993 $-27,258
2022 $186,187 $179,554 $2,160,439 $6,633
2021 $220,254 $236,396 $2,247,646 $-16,142
2020 $249,086 $258,230 $2,263,903 $-9,144
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