WEST VIRGINIA HIGH TECHNOLOGY CONSORTIUM FOUNDATION (EIN 550727658) - 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

1993

Legal Domicile

Principal Officer

MR JAMES L ESTEP

Phone

3043336813

Tax Period

2024-04-01 to 2025-03-31

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.

Mission

RESEARCH AND DEVELOPMENT IN AREAS OF ADVANCED TECHNOLOGY AND SCIENCE AND ECONOMIC DEVELOPMENT.

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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 $1,094,795

Program Service Revenue $740,938

Investment Income $0

Other Revenue $12,341

TOTAL REVENUE $1,848,074

Expense Breakdown

Grants Paid $4,550

Salaries & Benefits $1,849,882

Fundraising Expenses $0

Program Expenses $1,704,443

Other Expenses $978,949

TOTAL EXPENSES $2,833,381

Year-over-Year Comparison

	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%

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

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

$671,352

Total Directors

$313,874

Key Employees

Highest Compensated

reported

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

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	$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

WEST VIRGINIA HIGH TECHNOLOGY CONSORTIUM FOUNDATION