WEST VIRGINIA CHIROPRACTIC SOCIETY INC (EIN 556024161) - 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

1951

Legal Domicile

Principal Officer

SCOTT HARRIS

Phone

3043423769

Tax Period

2023-01-01 to 2023-12-31

WEST VIRGINIA CHIROPRACTIC SOCIETY INC, founded in 1951, is a small nonprofit that reported $115K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $142K exceeded revenue, resulting in a 24% operating deficit.

Mission

PROFESSIONAL CHIROPRACTIC SOCIETY

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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 $46,936

Program Service Revenue $68,044

Investment Income $-94

Other Revenue $0

TOTAL REVENUE $114,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $142,261

TOTAL EXPENSES $142,261

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,886	$88,521	+0.3%
Expenses	$142,261	$137,927	+0.0%
Net Income	$-27,375	$-49,406	-0.4%

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

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
DR SCOTT HARRIS	PRESIDENT	5.00	Officer Director	$0	$0	$0
DR GANIM HOWARD	VICE PREIDENT	5.00	Officer Director	$0	$0	$0
DR NEAL BAKER	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
DR JEFF SUMMERS	DIRECTOR AT LARGE	1.00	Officer Director	$0	$0	$0
DR DUANE MILLER	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
DR JENNIFER BULGER	PAST PRESIDENT	1.00	Director	$0	$0	$0
LARRY PERRY	AREA 1 DIRECTOR	1.00	Director	$0	$0	$0
RANDY MAXWELL	AREA 2 DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BENNETT	AREA 3 DIRECTOR	1.00	Director	$0	$0	$0
VACANT	AREA 4 DIRECTOR	1.00	Director	$0	$0	$0
CALLIE RADER	AREA 5 DIRECTOR	N/A	Director	$0	$0	$0
MARK HUGHES	AREA 6 DIRECTOR	1.00	Director	$0	$0	$0
DOUG MACPHERSON	AREA 7 DIRECTOR	1.00	Director	$0	$0	$0
MR CHAD ROBINSON	EXECUTIVE DIRECTOR	10.00	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	$114,886	$142,261	No data	$-27,375
2022	$88,521	$137,927	$56,704	$-49,406
2021	$160,318	$111,305	$73,357	$49,013
2020	$92,111	$112,756	$31,122	$-20,645
2019	$101,498	$143,914	$36,032	$-42,416
2018	$140,475	$154,006	$73,874	$-13,531

WEST VIRGINIA CHIROPRACTIC SOCIETY INC