SOUTH CENTRAL EDUCATION DEVELOPMENT INC

EIN: 550756137 501(c)(3) Youth Development

BLUEFIELD, WV

Total Revenue
$158,951
Total Expenses
$193,597
Total Assets
$289,506
Net Assets
$289,506
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
WV
Principal Officer
DARRYL CANNADY
Phone
3043256105
Tax Period
2024-01-01 to 2024-12-31

SOUTH CENTRAL EDUCATION DEVELOPMENT INC, founded in 2016, is a small nonprofit in the Youth Development sector that reported $159K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $194K exceeded revenue, resulting in a 22% operating deficit.

Mission

SOUTH CENTRAL EDUCATION DEVELOPMENTS MISSION IS TO WORK AS A DIVERSE ORGANIZATION SERVING SOUTHERN WEST VIRGINIA AND SOUTHWEST VIRGINIA BY PROVIDING SERVICE, ADVOCATING FOR THE PREVENTION OF HIV/STD POVERTY.

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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 $158,951
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $158,951

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,109
Fundraising Expenses $0
Other Expenses $96,488
TOTAL EXPENSES $193,597

Year-over-Year Comparison

2024 2023 Change
Revenue $158,951 $302,452 -0.5%
Expenses $193,597 $201,134 0.0%
Net Income $-34,646 $101,318 -1.3%
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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Governance

Voting Members
9
Independent Members
N/A
Employees
1
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
4
$90,208
Total Directors
7
$90,208
Key Employees
1
$90,208
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARRYL CANNADY PRESIDENT/EXECUTIVE DIRECTOR 040.00
Officer Director Key Emp Highest
$90,208 $0 $90,208
DAVID POWELL VICE PRESIDENT 005.00
Officer Director
$0 $0 $0
STEVEN WEBB TREASURER 005.00
Officer Director
$0 $0 $0
ALETO JO RILEY SECRETARY 005.00
Officer Director
$0 $0 $0
MARK HALE DIRECTOR 005.00
Director
$0 $0 $0
SHERRY RAY JONES DIRECTOR 005.00
Director
$0 $0 $0
LINDA BANE DIRECTOR 005.00
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 $158,951 $193,597 $289,506 $-34,646
2023 $302,452 $201,134 $324,152 $101,318
2022 $291,082 $199,469 $222,834 $91,613
2021 $209,486 $170,879 $131,221 $38,607
2020 $67,854 $39,235 $92,614 $28,619
2019 $61,224 $43,424 $81,795 $17,800
2018 $61,443 $43,950 $88,868 $17,493
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