APPLIED RESEARCH FOUNDATION OF WEST VIRGINIA INC (EIN 842384597) - 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

2019

Legal Domicile

Principal Officer

DARRIN MARTIN

Phone

3043274360

Tax Period

2023-07-01 to 2024-06-30

APPLIED RESEARCH FOUNDATION OF WEST VIRGINIA INC, founded in 2019, is a small nonprofit in the Education sector that reported $948K in total revenue in fiscal year 2023. Revenue surged 138% from the prior year, signaling strong growth momentum.

Mission

TO FOSTER, SUPPORT, PARTICIPATE IN AND ASSIST IN ANY RESEARCH AND ECONOMIC DEVELOPMENT ACTIVITIES IN FURTHERANCE OF THE EDUCATIONAL OBJECTIVES AND MISSION OF BLUEFIELD STATE COLLEGE.

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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 $928,027

Program Service Revenue $0

Investment Income $0

Other Revenue $20,408

TOTAL REVENUE $948,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,149

Fundraising Expenses $0

Program Expenses $928,026

Other Expenses $674,193

TOTAL EXPENSES $972,342

Year-over-Year Comparison

	2023	2022	Change
Revenue	$948,435	$397,727	+1.4%
Expenses	$972,342	$404,383	+1.4%
Net Income	$-23,907	$-6,656	+2.6%

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

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

$211,774

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR TED LEWIS	DIRECTOR	1.00	Director	$0	$27,388	$207,255
DR TERRY WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SHAFFER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN PLUMLEY	DIRECTOR	1.00	Director	$0	$0	$4,519

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	$948,435	$972,342	$444,430	$-23,907
2023	$397,727	$404,383	$273,010	$-6,656
2022	$458,109	$490,223	$229,926	$-32,114
2021	$381,845	$393,459	$256,381	$-11,614

APPLIED RESEARCH FOUNDATION OF WEST VIRGINIA INC