FAIRMONT, WV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WEST VIRGINIA HIGH TECHNOLOGY CONSORTIUM FOUNDATION, founded in 1993, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $2.8M exceeded revenue, resulting in a 53% operating deficit.
TO FACILITATE ECONOMIC VIABILITY BY BUILDING STRONG INDUSTRIES OF ADVANCED TECHNOLOGY AND PROVIDING CONTRACTUAL SUPPORT TO GOVERNMENT AGENCIES; TO DEVELOP BETTER EMPLOYMENT OPPORTUNITIES AND IMPROVE THE STANDARD OF LIVING IN WEST VIRGINIA.
ECONOMIC DEVELOPMENT ACTIVITIES WHICH ARE FOCUSED ON PLANNING, CONSTRUCTION, LEASING AND OPERATION OF RESEARCH AND DEVELOPMENT ORGANIZATIONS AND TECHNOLOGY-BASED BUSINESSES WITHIN OR ANCILLARY TO THE...
ECONOMIC DEVELOPMENT ACTIVITIES WHICH ARE FOCUSED ON PLANNING, CONSTRUCTION, LEASING AND OPERATION OF RESEARCH AND DEVELOPMENT ORGANIZATIONS AND TECHNOLOGY-BASED BUSINESSES WITHIN OR ANCILLARY TO THE I-79 TECHNOLOGY PARK LOCATED IN FAIRMONT, WV.
TECHNOLOGY-BASED RESEARCH AND RELATED PROGRAMS. THESE ACTIVITIES FOCUS ON UTILIZATION OF TECHNOLOGY-BASED RESEARCH AS A VEHICLE FOR ECONOMIC DEVELOPMENT AND DIVERSIFICATION. MUCH OF THE FOUNDATION'S...
TECHNOLOGY-BASED RESEARCH AND RELATED PROGRAMS. THESE ACTIVITIES FOCUS ON UTILIZATION OF TECHNOLOGY-BASED RESEARCH AS A VEHICLE FOR ECONOMIC DEVELOPMENT AND DIVERSIFICATION. MUCH OF THE FOUNDATION'S WORK WAS PROVIDED TO THE FEDERAL GOVERNMENT, AS CUSTOMER, PARTICULARLY THE UNITED STATES DEPARTMENT OF DEFENSE. THE FOUNDATION HAS STRATEGICALLY DESIGNED "TECHOLOGY CLUSTERS" AROUND HIGH POTENTIAL, SUSTAINABLE, TECHNOLOGY TARGET AREAS THAT ARE VIABLE FROM BOTH A BUSINESS AND TECHNICAL PERSPECTIVE. THESE AREAS INCLUDE PRODUCT LINE ENGINEERING, BIOMETRICS TECHNOLOGIES, COMPUTING TECHNOLOGIES, SOFTWARE SUITABILITY TESTING, IDENTIFICATION TECHNOLOGIES, INFORMATION WARFARE/SECURITY TECHNOLOGIES, COMPUTATIONAL GRID APPLICATIONS, ROBOTICS AND INTERNET-BASED WEB-SITE SUPPORT SERVICES, CROSS DECK PENDANT HEALTH MONITORING SENSOR FOR THE STEEL WIRE-ROPE USED TO ARREST THE MOTION OF LANDING AIRCRAFT ON A CARRIER DECK, STANDOFF LASER INTERROGATION OF MUNITIONS, AND SOLAR TESTBED TO ACCELERATE THE DEVELOPMENT OF LARGE-SCALE SOLAR TECHNOLOGY IN NORTH-CENTRAL WEST VIRGINIA.
INNOVA SMALL BUSINESS SUPPORT SERVICES PROVIDE BUSINESS SUPPORT SERVICES TO ENTREPRENEURS AND BUSINESSES INTERESTED IN THE DEVELOPMENT AND COMMERCIALIZATION OF A PRODUCT. INNOVA SPURS ECONOMIC...
INNOVA SMALL BUSINESS SUPPORT SERVICES PROVIDE BUSINESS SUPPORT SERVICES TO ENTREPRENEURS AND BUSINESSES INTERESTED IN THE DEVELOPMENT AND COMMERCIALIZATION OF A PRODUCT. INNOVA SPURS ECONOMIC DEVELOPMENT BY ASSISTING ENTREPRENEURS WITH BUSINESS OPPORTUNITIES AND OBTAINING CAPITAL NECESSARY TO SUCCESSFULLY LAUNCH PRODUCTS IN THE MARKETPLACE. THIS PROGRAM SEEKS TO PROVIDE SERVICES TO ANY WEST VIRGINIA ENTREPRENEUR WHOSE PRODUCT DEMONSTRATES COMMERCIAL VIABILITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,848,074 | $1,334,272 | +0.4% |
| Expenses | $2,833,381 | $2,308,468 | +0.2% |
| Net Income | $-985,307 | $-974,196 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MR JAMES L ESTEP | PRESIDENT/CEO | 40.00 |
Officer
Director
|
$286,931 | $26,943 | $313,874 |
| WILLIAM P PAT GETTY | CHAIRMAN | 1.10 |
Officer
Director
|
$0 | $0 | $0 |
| DR FRANK W BLAKE | DIRECTOR/PAST CHAIRMAN | 1.10 |
Director
|
$0 | $0 | $0 |
| HOLLY C KAUFFMAN | DIRECTOR | 1.10 |
Director
|
$0 | $0 | $0 |
| JASON C PIZATELLA | DIRECTOR | 1.10 |
Director
|
$0 | $0 | $0 |
| DR VALERIE J KARPLUS | DIRECTOR | 1.10 |
Director
|
$0 | $0 | $0 |
| MATT HARBAUGH | DIRECTOR | 1.10 |
Director
|
$0 | $0 | $0 |
| THOMAS J BONAZZA | DIRECTOR | 1.10 |
Director
|
$0 | $0 | $0 |
| STACEY LAYMAN | TREASURER | 40.00 |
Officer
|
$114,287 | $27,382 | $141,669 |
| LORI RHOADES | SECRETARY | 40.00 |
Officer
|
$70,271 | $28,606 | $98,877 |
| GEOFFREY KIDDER | SENIOR FINANCE AND ACCOUNTING MANAGER/ASST. TREAS. | 40.00 |
Officer
|
$88,017 | $28,915 | $116,932 |
| KENNETH WITT | PROGRAM MANAGER | 40.00 |
Highest
|
$133,480 | $22,743 | $156,223 |
| AMY O'CONNOR | DIRECTOR, INNOVA COMMERCIALIZATION | 40.00 |
Highest
|
$108,808 | $12,424 | $121,232 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,848,074 | $2,833,381 | $1,317,322 | $-985,307 |
| 2024 | $1,334,272 | $2,308,468 | $843,796 | $-974,196 |
| 2023 | $694,424 | $1,820,500 | $795,412 | $-1,126,076 |
| 2022 | $1,032,927 | $1,960,613 | $1,403,944 | $-927,686 |
| 2021 | $1,148,686 | $2,439,606 | $2,137,154 | $-1,290,920 |
| 2020 | $1,051,774 | $2,583,635 | $3,506,405 | $-1,531,861 |
| 2019 | $1,276,016 | $2,461,549 | $4,039,177 | $-1,185,533 |
Compare WEST VIRGINIA HIGH TECHNOLOGY CONSORTIUM FOUNDATION with other nonprofits in West Virginia and across the country.