KENOVA MUNICIPAL ECONOMIC DEVELOPMENT AUTHORITY INC (EIN 825319467) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Legal Domicile

Principal Officer

DON BIAS

Phone

3044531571

Tax Period

2024-01-01 to 2024-12-31

KENOVA MUNICIPAL ECONOMIC DEVELOPMENT AUTHORITY INC is a micro nonprofit in the Community Improvement sector that reported $18K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $55K exceeded revenue, resulting in a 210% operating deficit.

Mission

THE CORPORATION WILL ACTIVELY SEEK TO ENCOURAGE BUSINESS AND INDUSTRY TO LOCATE AND/OR EXPAND TO THE CITY OF KENOVA, WV.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,500

Investment Income $7,231

Other Revenue $0

TOTAL REVENUE $17,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $54,928

TOTAL EXPENSES $54,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,731	$27,243	-0.3%
Expenses	$54,928	$2,380	+22.1%
Net Income	$-37,197	$24,863	-2.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
JOE ACORD	DIRECTOR	N/A	Director	$0	$0	$0
DON BIAS	PRESIDENT/DI	N/A	Officer Director	$0	$0	$0
TIM BIAS	DIRECTOR	N/A	Director	$0	$0	$0
LACE HANDWICK	DIRECTOR	N/A	Director	$0	$0	$0
LEE JORDAN	DIRECTOR	N/A	Director	$0	$0	$0
TOM KNOPP	DIRECTOR	N/A	Director	$0	$0	$0
TED RAKES	DIRECTOR	N/A	Director	$0	$0	$0
DAVID SCITES	DIRECTOR	N/A	Director	$0	$0	$0
RYAN TURNER	DIRECTOR	N/A	Director	$0	$0	$0
KEN WWORKMAN	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
2025	No data	No data	No data	No data
2024	$17,731	$54,928	$599,750	$-37,197
2023	$27,243	$2,380	$636,947	$24,863
2022	$508,920	$4,205	$612,084	$504,715

KENOVA MUNICIPAL ECONOMIC DEVELOPMENT AUTHORITY INC