NEW RIVER VALLEY WORKS INC (EIN 820888211) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

Kevin Lindamood

Phone

5404405775

Tax Period

2023-01-01 to 2023-12-31

New River Valley Works Inc, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $73K in total revenue in fiscal year 2018. The organization ran a surplus of $60K, a strong 83% operating margin.

Mission

Create an industrial park that leases commercial space to local enterprises on favorable terms. Reduce area underemployment by offering contract-based work for professionals and internship opportunities for recent graduates.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,278

Investment Income $0

Other Revenue $648

TOTAL REVENUE $26,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,807

Other Expenses $64,983

TOTAL EXPENSES $64,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,926	$62,918	-0.6%
Expenses	$64,983	$71,999	-0.1%
Net Income	$-38,057	$-9,081	+3.2%

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

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
Kevin H Lindamood	President	3.00	Officer Director	$0	$0	$0
Hannah C Spongberg	Vice President Secretary	3.00	Officer Director	$0	$0	$0
Jennifer M Grogan	Vice President Treasurer	0.00	Officer Director	$0	$0	$0
Dirk S Gold	Director	0.00	Director	$0	$0	$0
William M McMillan	Director	0.00	Director	$0	$0	$0
Dylan W Taylor	Director	0.00	Director	$0	$0	$0
Levi I Woodward	Director	0.00	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	$26,926	$64,983	$1,202,842	$-38,057
2022	$62,918	$71,999	$1,208,451	$-9,081
2021	$32,914	$51,403	$1,239,959	$-18,489
2020	$9,251	$69,600	$1,215,794	$-60,349
2019	$45,584	$41,113	$1,271,853	$4,471
2018	$72,504	$12,082	$1,292,697	$60,422

NEW RIVER VALLEY WORKS INC