Lincoln Economic Development Authority

EIN: 550733263

West Hamlin, WV

Total Revenue
$146,720
Total Expenses
$92,155
Total Assets
$672,117
Net Assets
$595,876
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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
1987
Legal Domicile
WV
Principal Officer
Tommy Adkins
Phone
3048242244
Tax Period
2023-07-01 to 2024-06-30

Lincoln Economic Development Authority, founded in 1987, is a small nonprofit that reported $147K in total revenue in fiscal year 2023. Revenue surged 240% from the prior year, signaling strong growth momentum. The organization ran a surplus of $55K, a strong 37% operating margin.

Mission

Provide economic development services and loans to residents of Lincoln County West Virginia.

Program Service Accomplishments

Program 1

The organizations purpose is to aid the citizens of Lincoln County West Virginia in developing economic opportunities. The county poverty rate and lack of opportunity creates a generational...

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The organizations purpose is to aid the citizens of Lincoln County West Virginia in developing economic opportunities. The county poverty rate and lack of opportunity creates a generational dependence on assistance. Breaking the cycle of poverty and dependence on government sources will take a concerted effort within the county. The development of small business opportunities and employment within the county will increase wealth and independence.

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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 $132,010
Program Service Revenue $7,417
Investment Income $2,892
Other Revenue $4,401
TOTAL REVENUE $146,720

Expense Breakdown

Grants Paid $0
Salaries & Benefits $69,150
Fundraising Expenses $4,263
Other Expenses $23,005
TOTAL EXPENSES $92,155

Year-over-Year Comparison

2023 2022 Change
Revenue $146,720 $43,115 +2.4%
Expenses $92,155 $95,890 0.0%
Net Income $54,565 $-52,775 -2.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
2
Volunteers
2

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
3
$0
Total Directors
13
$37,637
Key Employees
1
$37,637
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Josh Stowers President 0.00
Officer Director
$0 $0 $0
W Aaron Stowers Vice President 0.00
Officer Director
$0 $0 $0
David Roberts Secretary/Treasurer 0.00
Officer Director
$0 $0 $0
Austin Lucas Director 0.00
Director
$0 $0 $0
Karl Melcus Director 0.00
Director
$0 $0 $0
Brian Vance Director 0.00
Director
$0 $0 $0
Ralph Tripletr Director 0.00
Director
$0 $0 $0
Dwight Coburn Director 0.00
Director
$0 $0 $0
Heather Vanater Director 0.00
Director
$0 $0 $0
William Carpenter Director 0.00
Director
$0 $0 $0
Sean O'Dibighue Director 0.00
Director
$0 $0 $0
Conrad Lucas Director 0.00
Director
$0 $0 $0
Tommy Adkins Executive Director 40.00
Director Key Emp Highest
$34,529 $3,108 $37,637
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 $146,720 $92,155 $672,117 $54,565
2023 $43,115 $95,890 $623,292 $-52,775
2022 $43,941 $83,675 $709,949 $-39,734
2021 $34,826 $80,146 $735,373 $-45,320
2020 $40,535 $86,944 $766,286 $-46,409
2019 $43,687 $99,847 $736,050 $-56,160
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