MOUNDSVILLE ECONOMIC DEVELOPMENT COUNCIL INC

EIN: 550737283 501(c)(3) Community Improvement

MOUNDSVILLE, WV

Total Revenue
$661,187
Total Expenses
$616,258
Total Assets
$802,935
Net Assets
$778,732
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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
1996
Legal Domicile
WV
Principal Officer
THOMAS STILES
Phone
3048456200
Tax Period
2023-01-01 to 2023-12-31

MOUNDSVILLE ECONOMIC DEVELOPMENT COUNCIL INC, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $661K in total revenue in fiscal year 2023. Expenses of $616K left a modest 7% surplus.

Mission

THE MOUNDSVILLE ECONOMIC DEVELOPMENT COUNCIL, INC. WAS FORMED TO PROMOTE BUSINESS DEVELOPMENT AND ECONOMIC DEVELOPMENT. ACTIVITIES INCLUDE PROMOTION OF TOURISM, FACILITY RENTAL AND ORGANIZING SPECIAL EVENTS.

Program Service Accomplishments

Program 1
Expenses: $555,153

OPERATING THE CLOSED FORMER WEST VIRGINIA STATE PENITENTIARY FOR TOURS. THE BUILDING IS LISTED AS A NATIONAL LANDMARK. TOURS PROMOTE TOURISM AND ENHANCE THE LOCAL ECONOMY AS VISITORS COME FROM AROUND...

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OPERATING THE CLOSED FORMER WEST VIRGINIA STATE PENITENTIARY FOR TOURS. THE BUILDING IS LISTED AS A NATIONAL LANDMARK. TOURS PROMOTE TOURISM AND ENHANCE THE LOCAL ECONOMY AS VISITORS COME FROM AROUND THE WORLD TO SEE THE HISTORIC BUILDING.

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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 $0
Program Service Revenue $551,515
Investment Income $185
Other Revenue $109,487
TOTAL REVENUE $661,187

Expense Breakdown

Grants Paid $0
Salaries & Benefits $357,369
Fundraising Expenses $0
Program Expenses $555,153
Other Expenses $258,889
TOTAL EXPENSES $616,258

Year-over-Year Comparison

2023 2022 Change
Revenue $661,187 $668,828 0.0%
Expenses $616,258 $615,931 +0.0%
Net Income $44,929 $52,897 -0.2%
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
11
Independent Members
11
Employees
61
Volunteers
18

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
0
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY CRIPPEN VICE PRESIDENT 003.00
Director
$0 $0 $0
KAREN BAKER SECRETARY 003.00
Director
$0 $0 $0
CONNIE GRISELL DIRECTOR 001.00
Director
$0 $0 $0
JOE CANESTRARO DIRECTOR 001.00
Director
$0 $0 $0
GEORGE BAMBERGER DIRECTOR 001.00
Director
$0 $0 $0
MIKE LOGSDON DIRECTOR 001.00
Director
$0 $0 $0
ROSALYN RHODES TREASURER 003.00
Director
$0 $0 $0
HOWARD COFFIELD PRESIDENT 003.00
Director
$0 $0 $0
BETH PHILLIPS DIRECTOR 001.00
Director
$0 $0 $0
EUGENE SAUNDERS DIRECTOR 001.00
Director
$0 $0 $0
CAROLE WOOD DIRECTOR 001.00
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $661,187 $616,258 $802,935 $44,929
2022 $668,828 $615,931 $759,974 $52,897
2021 $646,411 $563,464 $710,043 $82,947
2020 $450,127 $536,273 $561,534 $-86,146
2019 $583,055 $591,507 $588,692 $-8,452
2018 $624,962 $623,175 $587,932 $1,787
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