Weirton United Way INC EIN 55-0583651

Weirton United Way INC

EIN  55-0583651 Public foundation / grantmaker Weirton, WV
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Provides financial aid to local nonprofit groups.
Leadership
John Frankovitch · President
Money in and out
$12K revenue, $7K expenses
Bottom line
0% program efficiency

Provides financial aid to local nonprofit groups. For fiscal year 2024 it reported $12K in revenue, $7K in expenses, and $50K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$12K
Pt VIII · Ln 12
Total expenses
$7K
Pt IX · Ln 25
Net assets
$50K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $5K
Where spending went · Part IX cols B–D
Management & general $0.99
Program efficiency
0%
of spending reaches programs▼ -100% vs prior filing year
Operating runway
84.9mo
months of highly liquid reserves at operating expense rate▲ ×24 vs prior filing year
Surplus margin
+43%
revenue over expenses, this year▲ +115% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$12K
FY2024▼ -69%
Expenses
$7K
FY2024▼ -95%
Total assets
$50K
FY2024▲ +12%
Total liabilities
$0
FY2024
Total revenue
$12K
Pt VIII · Ln 12
Total expenses
$7K
Pt IX · Ln 25
Net assets
$50K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$5K
Total assetsPt X · Ln 16$50K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

To provide assistance to 15 area non-profit organizations that address the health and human service needs of the local community.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWeirton United Way INC
EINHdr · item D55-0583651
Principal addressHdr · item CWeirton, WV
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T700)
Ruling yearIRS BMFNov 1980

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Vice President
$0Pt VII · Sec A
See Weirton United Way INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$12K
Program service revenue$28
Investment income$14
Total revenueLn 12$12K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $0.99
Management & general99%$7K
Total functional expensesLn 25$7K

Balance Sheet

Part X · end of year
CashLn 1$50K
Total assetsLn 16$50K
Total liabilitiesLn 26$0
Total net assetsLn 32$50K
Months of cash on handcomputed84.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $50K · Operating expenses/yr $7K
84.9 months
Where the money goes
Program services
Program services $0 · Total expenses $7K
0%
Management & General
Management & general $7K · Total expenses $7K
99%
Fundraising
Fundraising $0 · Total expenses $7K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $6K · Solicited contributions (3-yr avg) $43K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $12K · Total revenue $12K
100%
Government reliance
Government grants — · Total revenue $12K
Earned-income share
Program service revenue $28 · Total revenue $12K
0%
Investment reliance
Investment income $14 · Total revenue $12K
0%
Program self-sufficiency
Program service revenue $28 · Total expenses $7K
0%
Growth & trend
Revenue growth (YoY)
This year $12K · Prior year $39K
-69%
Revenue CAGR
FY2020 $205K · FY2024 $12K
-51%
Net-asset trend (YoY)
End of year $50K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $12K · Expenses $7K
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $50K
Net-asset ratio
Net assets $50K · Total assets $50K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $50K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Frankovitch · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $7K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $47 · Total expenses $7K
1%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Overhead ratio 99%
Fundraising cost ratio 0%
Revenue growth -69%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$51
Grants paid · 37 grants · $606K · 2020–2023
Salvation ArmyFY2023$38,925
Weirton Christian Center INCWV · FY2023$32,275
Community Bread Basket INCWV · FY2023$18,675
Mary H Weir LibraryFY2023$7,650
Weirton Medical Center INCWV · FY2023$6,000
Catholic CharitiesFY2023$5,850
Hancock County 4h FoundationFY2023$4,880
American Red CrossFY2023$3,500
Salvation ArmyFY2022$51,900
Weirton Christian Center INCWV · FY2022$42,900
Community Bread Basket INCWV · FY2022$24,900
Mary H Weir Public LibraryFY2022$10,200
Catholic CharitiesFY2022$7,800
Hancock Shelter WorkshopFY2022$6,780
Hancock County 4h FoundationFY2022$6,480
Weirton Medical CentrFY2022$6,000
American Red CrossFY2022$3,500
See all 37 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$12K revenue · viewing · ⤓ 990 PDF
FY2023$39K revenue · ⤓ 990 PDF
FY2022$149K revenue · ⤓ 990 PDF
FY2021$159K revenue · ⤓ 990 PDF
FY2020$205K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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