WEST VIRGINIA GAMING & RACING ASSOC

EIN: 550693035

CROSS LANES, WV

Total Revenue
$407,500
Total Expenses
$356,082
Total Assets
$111,908
Net Assets
$-13,092
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
WV
Principal Officer
JOHN CAVACINI JR
Phone
3045468137
Tax Period
2022-07-01 to 2023-06-30

WEST VIRGINIA GAMING & RACING ASSOC, founded in 1989, is a small nonprofit that reported $408K in total revenue in fiscal year 2022. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $356K left a modest 13% surplus.

Mission

DEVELOP AND FURTHER RACING AND GAMING ACTIVITIES IN WEST VIRGINIA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $407,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $407,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $160,000
Fundraising Expenses $0
Program Expenses $356,082
Other Expenses $196,082
TOTAL EXPENSES $356,082

Year-over-Year Comparison

2022 2021 Change
Revenue $407,500 $310,000 +0.3%
Expenses $356,082 $407,107 -0.1%
Net Income $51,418 $-97,107 -1.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
2
Independent Members
2
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
1
$160,000
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA HARPER SECRETARY 2.00
Director
$0 $0 $0
JOHN CAVACINI JR PRESIDENT 40.00
Officer
$160,000 $0 $160,000
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
2023 $407,500 $356,082 $111,908 $51,418
Explore More Nonprofits
→Top 100 Nonprofits in West Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare WEST VIRGINIA GAMING & RACING ASSOC with other nonprofits in West Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.