MOUNTAIN ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC

EIN: 310900246 501(c)(3) Community Improvement

BEREA, KY

Total Revenue
$6,960,560
Total Expenses
$6,933,941
Total Assets
$35,347,429
Net Assets
$29,255,452
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
KY
Principal Officer
ROBIN GABBARD
Phone
8599862373
Tax Period
2024-05-01 to 2025-04-30

MOUNTAIN ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC, founded in 1976, is a community nonprofit in the Community Improvement sector that reported $7.0M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $29.3M represent 50 months of operating reserves.

Mission

WE SERVE OUR MISSION TO BUILD A NEW ECONOMY BY OFFERING FLEXIBLE LOANS AND TECHNICAL SUPPORT TO EXISTING AND STARTUP BUSINESSES AND ORGANIZATIONS; HELPING BUSINESSES, NONPROFITS, PUBLIC AGENCIES AND HOMEOWNERS FIND MUCH- NEEDED ENERGY SAVINGS; AND BY ENGAGING IN RESEARCH, COMMUNICATIONS AND ADVOCACY FOR POLICY AND NARRATIVE CHANGE. WE ALSO WORK WITH PARTNERS ON A VARIETY OF PROJECTS TO DEMONSTRATE WHAT'S POSSIBLE IN EASTERN KENTUCKY.

Program Service Accomplishments

Program 1
Expenses: $2,503,929 Revenue: $1,438,529

4A. LENDING & BUSINESS SUPPORT EXPENSES/GRANTS TO OTHER ORGANIZATIONS/REVENUES 2,503,929/ 257,864/ 1,438,529 THE LENDING TEAM OFFERS LOANS TO EXISTING AND STARTUP BUSINESSES AND ORGANIZATIONS. AS A...

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4A. LENDING & BUSINESS SUPPORT EXPENSES/GRANTS TO OTHER ORGANIZATIONS/REVENUES 2,503,929/ 257,864/ 1,438,529 THE LENDING TEAM OFFERS LOANS TO EXISTING AND STARTUP BUSINESSES AND ORGANIZATIONS. AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION AND A NONPROFIT, THE ORGANIZATION CAN OFFER GREATER FLEXIBILITY AND LEND TO INDIVIDUALS WHO MAY NOT OTHERWISE QUALIFY. THE BUSINESS SUPPORT PROGRAM CONNECTS BUSINESS OWNERS AND NONPROFIT LEADERS TO CONSULTANTS WHO CAN HELP THEM SUCCEED - FROM WEBSITE DEVELOPMENT TO PROFESSIONAL PHOTOGRAPHY, AND MORE. AT FISCAL YEAR END, THE COMBINED PORTFOLIO OF MOUNTAIN ASSOCIATION AND ITS AFFILIATED NONPROFIT APPALACHIAN INVESTMENT CORPORATION INCLUDED 209 LOANS TOTALING APPROXIMATELY 22,153,378. THERE WERE APPROXIMATELY 50 LOANS CLOSED DURING FISCAL YEAR 2025, DISBURSING A TOTAL OF10,218,291.

Program 2
Expenses: $716,460 Revenue: $2,930

4C. APPALACHIAN TRANSITION COMMUNICATIONS & POLICY EXPENSES/GRANTS TO OTHER ORGANIZATIONS/REVENUES 716,460/400,000/2,930 APPALACHIAN TRANSITION IS BOTH THE OVERARCHING FRAMEWORK OF OUR VISION FOR...

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4C. APPALACHIAN TRANSITION COMMUNICATIONS & POLICY EXPENSES/GRANTS TO OTHER ORGANIZATIONS/REVENUES 716,460/400,000/2,930 APPALACHIAN TRANSITION IS BOTH THE OVERARCHING FRAMEWORK OF OUR VISION FOR APPALACHIA'S BRIGHTER FUTURE AND A BODY OF WORK AIMED AT MOVING US TOWARD THAT FUTURE. THIS TEAM IS FOCUSED ON CONDUCTING COMMUNICATIONS CAMPAIGNS, TELLING IMPORTANT STORIES THROUGH A BROAD RANGE OF AVENUES, AND CONNECTING WITH LEADERS AND ORGANIZATIONS ACROSS THE COUNTRY AS PART OF SHIFTING THE CONVERSATIONS ABOUT THE REGION, OUR ECONOMIC TRANSITION AND OUR BRIGHT FUTURE.

Program 3
Expenses: $970,416 Revenue: $152,412

4B. ENERGY PROGRAMS EXPENSES/GRANTS TO OTHER ORGANIZATIONS/REVENUES 970,416/274,096/152,412 THE ORGANIZATION'S ENERGY EXPERTS HELP BUSINESSES, NONPROFITS, AND PUBLIC AGENCIES FIND MUCH-NEEDED SAVINGS...

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4B. ENERGY PROGRAMS EXPENSES/GRANTS TO OTHER ORGANIZATIONS/REVENUES 970,416/274,096/152,412 THE ORGANIZATION'S ENERGY EXPERTS HELP BUSINESSES, NONPROFITS, AND PUBLIC AGENCIES FIND MUCH-NEEDED SAVINGS THROUGH UTILITY BILL ANALYSIS, ON-SITE ENERGY EFFICIENCY AND SOLAR ASSESSMENTS, FINANCING, AND GRANT APPLICATION SUPPORT.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,966,440
Program Service Revenue $1,948,394
Investment Income $45,726
Other Revenue $0
TOTAL REVENUE $6,960,560

Expense Breakdown

Grants Paid $1,009,655
Salaries & Benefits $3,628,431
Fundraising Expenses $224,985
Program Expenses $5,230,355
Other Expenses $2,295,855
TOTAL EXPENSES $6,933,941

Year-over-Year Comparison

2024 2023 Change
Revenue $6,960,560 $8,094,633 -0.1%
Expenses $6,933,941 $5,452,825 +0.3%
Net Income $26,619 $2,641,808 -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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Governance

Voting Members
6
Independent Members
4
Employees
59
Volunteers
9

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
9
$705,354
Total Directors
6
$291,553
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER HILLE PRESIDENT 40.00
Officer Director
$166,709 $19,753 $186,462
WILLIAM COOMES CORPORATE VP 40.00
Officer
$93,194 $22,143 $115,337
KACIE ZECHMAN CORPORATE TR 40.00
Officer
$94,146 $18,156 $112,302
ROBIN GABBARD PRESIDENT 40.00
Officer Director
$93,346 $11,745 $105,091
TONI WELLS CORPORATE SE 40.00
Officer
$80,056 $15,991 $96,047
RHONDA STAPLETON CORPORATE SE 40.00
Officer
$74,421 $15,694 $90,115
HASAN DAVIS CHAIR 1.00
Officer Director
$0 $0 $0
WAYNE RILEY MEMBER 0.50
Director
$0 $0 $0
MANDI SHEFFEL VICE CHAIR 1.00
Officer Director
$0 $0 $0
ADA SMITH TREASURER 1.00
Officer 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 $6,960,560 $6,933,941 $35,347,429 $26,619
2024 $8,094,633 $5,452,825 $38,008,155 $2,641,808
2023 $6,043,653 $4,549,571 $35,661,726 $1,494,082
2022 $8,576,709 $4,193,321 $33,227,736 $4,383,388
2021 $4,372,361 $5,689,729 $28,716,288 $-1,317,368
2020 $4,177,710 $5,578,299 $29,767,514 $-1,400,589
2019 $7,620,303 $4,891,234 $30,963,740 $2,729,069
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