Civic Intelligence

Wood County Teachers Retirement

EIN 55-0369330 • 501(c)11 • Parkersburg, WV

Profile

To provide retirement benefits for qualifying wood county professional personnel.

1210 13th StreetParkersburg, WV 26101

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

<$500k nonprofits • Source year 2021

Net Margin

1st percentile

-253208%

Higher net margin than 1% of similar nonprofits.

<$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

<$500k nonprofits • Source year 2021

Asset Growth

12th percentile

-100%

Faster asset growth than 12% of similar nonprofits.

<$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-100%

Faster revenue growth than 4% of similar nonprofits.

<$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $579,846 (-100%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$0

Down $579,846 (-100%) from 2020

Operations
Liabilities / Revenue66th percentileNet Margin1st percentile

Revenue

Down

$229

Down $275,142 (-100%) from 2020

Expenses

Down

$580,075

Down $1,676,263 (-74%) from 2020

Net Income

Up

-$579,846

Up $1,401,121 (+71%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,070,505Liabilities 2011: $0Net Assets 2011: $3,070,5052011Assets 2012: $3,049,303Liabilities 2012: $0Net Assets 2012: $3,049,3032012Assets 2013: $2,982,215Liabilities 2013: $0Net Assets 2013: $2,982,2152013Assets 2014: $2,950,833Liabilities 2014: $0Net Assets 2014: $2,950,8332014Assets 2015: $2,933,856Liabilities 2015: $0Net Assets 2015: $2,933,8562015Assets 2016: $2,849,526Liabilities 2016: $0Net Assets 2016: $2,849,5262016Assets 2017: $2,663,541Liabilities 2017: $0Net Assets 2017: $2,663,5412017Assets 2018: $2,470,786Liabilities 2018: $0Net Assets 2018: $2,470,7862018Assets 2019: $2,560,813Liabilities 2019: $0Net Assets 2019: $2,560,8132019Assets 2020: $579,846Liabilities 2020: $0Net Assets 2020: $579,8462020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $204,547Expenses 2011: $192,714Net Income 2011: $11,8332011Revenue 2012: $187,100Expenses 2012: $517Net Income 2012: $186,5832012Revenue 2013: $154,811Expenses 2013: $221,899Net Income 2013: -$67,0882013Revenue 2014: $266,377Expenses 2014: $286,743Net Income 2014: -$20,3662014Revenue 2015: $268,982Expenses 2015: $355,642Net Income 2015: -$86,6602015Revenue 2016: $253,963Expenses 2016: $309,257Net Income 2016: -$55,2942016Revenue 2017: $329,810Expenses 2017: $416,860Net Income 2017: -$87,0502017Revenue 2018: $291,585Expenses 2018: $416,267Net Income 2018: -$124,6822018Revenue 2019: $274,811Expenses 2019: $364,554Net Income 2019: -$89,7432019Revenue 2020: $275,371Expenses 2020: $2,256,338Net Income 2020: -$1,980,9672020Revenue 2021: $229Expenses 2021: $580,075Net Income 2021: -$579,8462021

Highlighted filing

2021

Revenue$229
Expenses$580,075
Net Income-$579,846
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$229
Expenses
$580,075
Net income
-$579,846
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.58$0.58
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.28$2.26$1.98
2019Detailed filing. Detailed filing data is available for this year.$2.56$0.00$2.56$0.27$0.36$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$0.29$0.42$0.12
2017Detailed filing. Detailed filing data is available for this year.$2.66$0.00$2.66$0.33$0.42$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.85$0.00$2.85$0.25$0.31$0.06
2015Summary only. Only limited summary data is available for this year.$2.93$0.00$2.93$0.27$0.36$0.09
2014Summary only. Only limited summary data is available for this year.$2.95$0.00$2.95$0.27$0.29$0.02
2013Summary only. Only limited summary data is available for this year.$2.98$0.00$2.98$0.15$0.22$0.07
2012Summary only. Only limited summary data is available for this year.$3.05$0.00$3.05$0.19$0.00$0.19
2011Summary only. Only limited summary data is available for this year.$3.07$0.00$3.07$0.20$0.19$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 9, 2021
Return Version
2020v4.0
Gross Receipts
$229
Mission and Program Overview

Mission

To provide retirement benefits for qualifying wood county professional personnel.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$579,009--
Cash and Non-Interest-Bearing Accounts$837--
Total Assets$579,846$0▼ $579,846
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$579,846--
Total Net Assets Fund Balance$579,846$0▼ $579,846
Total Liabilities and Net Assets / Fund Balance$579,846$0▼ $579,846
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Rick OlcottBoard Rep
Will HosaflookSuperintende
Revenue and Support

Revenue Composition

Contributions and Grants
$194
Program Service Revenue
$0
Investment Income
$35
Other Revenue
$0
All Other Contributions
$194
Change in Net Assets
$-579,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$577,090
Other Expenses$2,985
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$576,590--$576,590
Fees for Services Accounting-$2,100-$2,100
Office Expenses-$885-$885
Other Salaries and Wages-$500-$500
Total Functional Expenses$576,590$3,485$0$580,075
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Wood County Teachers Retirement
EIN
55-0369330
Phone
3044644208
Address
1210 13TH STREET, PARKERSBURG, WV 26101

Signing Officer

Name
Rick Olcott
Title
Board Rep
Phone
3044644208
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Olcott
Formed
1938
Legal Domicile
Wv
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Matheny & Company Ac
Address
167 SENECA DR, RIPLEY, WV 25271-9368
Preparer
Roderick C Matheny Jr
Phone
3043722600
Raw XML Appendix214 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/DescribedInSection501c3Ind0false
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IRS990/EmployeeCnt00
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IRS990/FinalReturnInd0X
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0SUPERINTENDE
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD REP
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0229
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt035
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt035
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WV
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0TO PROVIDE RETIREMENT BENEFITS FOR QUALIFYING WOOD COUNTY PROFESSIONAL PERSONNEL.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0579846
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0579846
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0885
IRS990/OfficeExpensesGrp/TotalAmt0885
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0500
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IRS990/PartialLiquidationInd0false
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0576590
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RICK OLCOTT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/ReconcilationRevenueExpnssAmt0-579846
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0579009
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0CORPORATION CEASES TO EXIST AS OF 06/30/2021. ALL ASSETS WERE PAID OUT IN ACCORDANCE TO ARTICLES OF INCOPORATION AND BYLAWS.
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IRS990/ScheduleORequiredInd0false
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IRS990/SchoolOperatingInd0false
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD REP
ReturnHeader/BusinessOfficerGrp/PhoneNum03044644208
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WOOD COUNTY TEACHERS RETIREMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0WOOD
ReturnHeader/Filer/EIN0550369330
ReturnHeader/Filer/PhoneNum03044644208
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ReturnHeader/PreparerPersonGrp/PhoneNum03043722600
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RODERICK C MATHENY JR
ReturnHeader/ReturnTs02021-11-15T13:24:52-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OLCOTT
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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