WAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY

EIN: 550741227 Community Improvement

Wayne, WV

Total Revenue
$36,587
Total Expenses
$45,286
Total Assets
$389,203
Net Assets
$389,203
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
WV
Principal Officer
David Lieving
Phone
3042729050
Tax Period
2024-07-01 to 2025-06-30

WAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY, founded in 1994, is a micro nonprofit in the Community Improvement sector that reported $37K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $45K exceeded revenue, resulting in a 24% operating deficit.

Mission

The Wayne County Economic Development Authority (WCEDA) was established to promote, develop and expand all types of business and industrial activity. This activity will advance and maintain the economic basis of Wayne County. The pursuit of these activities will provide opportunities for employment and improvement in the standard of living for the citizens of Wayne County.

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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 $27,452
Program Service Revenue $0
Investment Income $9,135
Other Revenue $0
TOTAL REVENUE $36,587

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $45,286
TOTAL EXPENSES $45,286

Year-over-Year Comparison

2024 2023 Change
Revenue $36,587 $105,725 -0.7%
Expenses $45,286 $115,898 -0.6%
Net Income $-8,699 $-10,173 -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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
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
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY CASTLE PRESIDENT 1
Officer Director
$0 $0 $0
XAN MOONEY VICE PRESIDENT 1
Officer Director
$0 $0 $0
SHANE DILLON SECRETARY 1
Officer Director
$0 $0 $0
MARK MORGAN TREASURER 1
Officer Director
$0 $0 $0
SARA CHAPMAN BOARD MEMBER 1
Director
$0 $0 $0
TIM BURGESS BOARD MEMBER 1
Director
$0 $0 $0
PARK FERGUSON BOARD MEMBER 1
Director
$0 $0 $0
JOETTA HATFIELD BOARD MEMBER 1
Director
$0 $0 $0
TODD ALEXANDER BOARD MEMBER 1
Director
$0 $0 $0
BOB PLYMALE BOARD MEMBER 1
Director
$0 $0 $0
PATRICIA TOOLEY BOARD MEMBER 1
Director
$0 $0 $0
RYAN BOOTH BOARD MEMBER 1
Director
$0 $0 $0
JESSE MCCHRISTIAN BOARD MEMBER 1
Director
$0 $0 $0
ENOCH MARCUM BOARD MEMBER 1
Director
$0 $0 $0
BILL LIKENS BOARD MEMBER 1
Director
$0 $0 $0
DAVID LIEVING EXECUTIVE DIRECTOR 5
Officer
$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
2025 $36,587 $45,286 $389,203 $-8,699
2024 $105,725 $115,898 $398,497 $-10,173
2023 $25,551 $35,138 $408,502 $-9,587
2022 $285,938 $58,478 $429,263 $227,460
2021 $105,265 $100,636 $202,398 $4,629
2020 $41,134 $92,418 $197,174 $-51,284
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