CENTRAL WEST VIRGINIA REGIONAL CVB (EIN 550772535) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

STEVE NEDDO

Phone

3043404570

Tax Period

2023-07-01 to 2024-06-30

CENTRAL WEST VIRGINIA REGIONAL CVB, founded in 1999, is a micro nonprofit in the Community Improvement sector that reported $34K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $82K exceeded revenue, resulting in a 141% operating deficit.

Mission

PROMOTING TOURISM AND ECONOMIC BENEFIT FOR THE COMMUNITY IN AND AROUND CHARLESTON, WV

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $33,879

Program Service Revenue $0

Investment Income $137

Other Revenue $0

TOTAL REVENUE $34,016

Expense Breakdown

Grants Paid $21,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $61,002

TOTAL EXPENSES $82,002

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,016	$344,344	-0.9%
Expenses	$82,002	$480,179	-0.8%
Net Income	$-47,986	$-135,835	-0.6%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE NEDDO	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
JILL OLIVER-THORNTON	BOARD	0.50	Director	$0	$0	$0
ANGELA HARDING	BOARD	0.50	Director	$0	$0	$0
DR CHARLES BYERS	BOARD	0.50	Director	$0	$0	$0
GENERAL ALLEN TACKETT	BOARD	0.50	Director	$0	$0	$0
ANDREW GUNNOE	BOARD	0.50	Director	$0	$0	$0
PAIGE WITHROW	EXECUTIVE DIRECTOR	10.00	Officer	$0	$0	$0
BRENDA THOMAS	EXECUTIVE SECRETARY	1.00	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	No data	No data	No data	No data
2024	$34,016	$82,002	$233,891	$-47,986
2023	$344,344	$480,179	$471,279	$-135,835
2022	$854,628	$153,263	$567,314	$701,365
2021	$451,420	$125,595	$419,582	$325,825
2020	$442,421	$889,091	$337,560	$-446,670
2019	$605,636	$252,176	$483,534	$353,460
2018	$538,398	$401,591	$319,228	$136,807

CENTRAL WEST VIRGINIA REGIONAL CVB