WEST VIRGINIA ASSOCIATION OF COMMUNITY BANKERS INC

EIN: 550729362 Community Improvement

BECKLEY, WV

Total Revenue
$476,677
Total Expenses
$392,873
Total Assets
$859,473
Net Assets
$859,473
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
WV
Principal Officer
RYAN GILKERSON
Phone
3042549822
Tax Period
2024-01-01 to 2024-12-31

WEST VIRGINIA ASSOCIATION OF COMMUNITY BANKERS INC, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $477K in total revenue in fiscal year 2024. The organization ran a surplus of $84K, a strong 18% operating margin.

Mission

THE ORGANIZATION ENCOURAGES THE AMERICAN SYSTEM OF INDEPENDENT BANKING AND STRIVES FOR THE ADVANCEMENT, SAFEGUARDING, AND THE PRESERVATION THEREOF BY ENCOURAGING THE CONTINUATION OF THE DUAL SYSTEM OF STATE AND NATIONAL BANKING WHICH RECOGNIZE THE AUTONOMY OF THE STATES IN BANKING MATTERS; OPPOSING MONOPOLISTIC, MULTIPLE BANKING PRACTICE AS BEING DETRIMENTAL TO THE PUBLIC INTEREST; SEEKING TO EXTEND THE USEFULNESS AND INFLUENCE OF OUR BANKING SYSTEM AND THE STRENGTHENING OF OUR ECONOMY THROUGH CLOSER COOPERATION AND GREATER UNIFORMITY OF ACTION AMONG THE INDEPENDENT COMMUNITY BANKERS IN WEST VIRGINIA; PROMOTING NEW, MORE VERSATILE AND SERVICE CONSCIOUS IDEAS, BETTER BUSINESS METHODS, AND HIGH ETHICAL STANDARDS; ADVOCATING AND ASSISTING IN THE ENACTMENT OF BETTER STATE AND FEDERAL LEGISLATION FOR THE PROTECTION OF THE PUBLIC AND INDEPENDENT COMMUNITY BANKS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $277,306
Investment Income $34,819
Other Revenue $164,552
TOTAL REVENUE $476,677

Expense Breakdown

Grants Paid $0
Salaries & Benefits $145,714
Fundraising Expenses $0
Other Expenses $247,159
TOTAL EXPENSES $392,873

Year-over-Year Comparison

2024 2023 Change
Revenue $476,677 $457,591 +0.0%
Expenses $392,873 $381,141 +0.0%
Net Income $83,804 $76,450 +0.1%
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

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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
2
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
5
$102,078
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD RITCHIE CHAIRMAN 15.00
Officer Director
$0 $0 $0
SUSAN BARBER CHAIR ELECT 5.00
Director
$0 $0 $0
HOY FERGUSON VICE CHAIR 5.00
Officer Director
$0 $0 $0
MATT STICKEL TREASURER 10.00
Officer Director
$0 $0 $0
VALERIE HURST SECRETARY 10.00
Officer Director
$0 $0 $0
DAVID THOMAS IMMEDIATE PAST CHAIR 5.00
Director
$0 $0 $0
LEE MILAM DIRECTOR 5.00
Director
$0 $0 $0
MARK HARRELL DIRECTOR 5.00
Director
$0 $0 $0
LINDA ASHLEY DIRECTOR 5.00
Director
$0 $0 $0
SHARON ANDERSON DIRECTOR 5.00
Director
$0 $0 $0
MARTHA HAYMAKER DIRECTOR 5.00
Director
$0 $0 $0
TIM AIKEN DIRECTOR 5.00
Director
$0 $0 $0
WILLIAM LOVING DIRECTOR 5.00
Director
$0 $0 $0
RYAN GILKERSON EXECUTIVE DIRECTOR 40.00
Officer
$91,050 $11,028 $102,078
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 $476,677 $392,873 $859,473 $83,804
2023 $457,591 $381,141 $775,669 $76,450
2022 $464,174 $493,092 $699,219 $-28,918
2021 $400,868 $354,437 $728,137 $46,431
2020 $301,801 $291,434 $681,706 $10,367
2019 $438,059 $367,954 $671,339 $70,105
2018 $411,839 $416,603 $601,234 $-4,764
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