WEST VIRGINIA FOREST PRODUCTS COOP… - Form 990 Financial Data

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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

2018

Principal Officer

JOSEPH HOWARD

Phone

8592421894

Tax Period

2020-01-01 to 2020-12-31

WEST VIRGINIA FOREST PRODUCTS COOPERATIVE INC, founded in 2018, is a small nonprofit that reported $515K in total revenue in fiscal year 2020. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $874K exceeded revenue, resulting in a 70% operating deficit.

Mission

WE SUPPORT NEW AND EXISTING WOODWORKING BUSINESSES BY PROVIDING SHARED WORKSPACE AND EQUIPMENT, MARKETING, AND TECHNICAL AND ENTREPRENEURSHIP TRAINING.

Program Service Accomplishments

Program 1

Expenses: $811,308 Revenue: $234,777

TRAINING MEMBERS TO BE MASTER CRAFTSPEOPLE AND BUSINESS LEADERS BY PROVIDING SHARED EQUIPMENT AND WORKSPACE; TECHNICAL, BUSINESS, AND ENTREPRENEURSHIP TRAINING; AND MARKETING OF MEMBERS' PRODUCTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $280,622

Program Service Revenue $234,777

Investment Income $2

Other Revenue $0

TOTAL REVENUE $515,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $457,089

Fundraising Expenses $11,678

Program Expenses $811,308

Other Expenses $416,737

TOTAL EXPENSES $873,826

Year-over-Year Comparison

	2020	2019	Change
Revenue	$515,401	$651,921	-0.2%
Expenses	$873,826	$834,953	+0.0%
Net Income	$-358,425	$-183,032	+1.0%

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

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
CHRISTIE BAILEY	DIRECTOR	N/A	Director	$0	$0	$0
JOHN TUGGLE	DIRECTOR	N/A	Director	$0	$0	$0
CHARLOTTE WEBER	DIRECTOR	N/A	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
2020	$515,401	$873,826	$605,367	$-358,425
2019	$651,921	$834,953	$664,992	$-183,032
2018	$943,075	$96,416	$846,659	$846,659

WEST VIRGINIA FOREST PRODUCTS COOPERATIVE INC