ATHENS COUNTY FOUNDATION

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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

1980

Legal Domicile

Principal Officer

KERRY S PIGMAN

Phone

7405946061

Tax Period

2024-10-01 to 2025-09-30

ATHENS COUNTY FOUNDATION, founded in 1980, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $689K, a strong 30% operating margin.

Mission

THE ATHENS COUNTY FOUNDATION BUILDS ON THE STRENGTHS OF OUR COMMUNITY, ADVANCING PARTICIPATION AND COLLABORATION TO ADDRESS LONG STANDING CHALLENGES AND PURSUE EXTRAORDINARY OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $900,436

THE FOUNDATION AWARDS COMPETITIVE GRANTS AND DISTRIBUTIONS THROUGH AN APPLICATION AND REVIEW PROCESS. THE FOCUS OF THESE AWARDS IS TOWARD EDUCATION, WELFARE ENHANCEMENT, CIVIC PROJECTS, AND COMMUNITY BETTERMENT THROUGH GRANTS TO ORGANIZATIONS IN ATHENS, OHIO AND THE SURROUNDING AREA. DURING THE YEAR THERE WERE 127 GRANTS AWARDED.

Program 2

Expenses: $2,300

LEADERSHIP ATHENS COUNTY PROGRAM IS A NINE-MONTH COURSE AIMED AT DEVELOPING A GROUP OF INFORMED CITIZENS TO PROVIDE DYNAMIC COMMUNITY LEADERSHIP. IT ALSO ENCOMPASSES A YOUTH LEADERSHIP GROUP...

LEADERSHIP ATHENS COUNTY PROGRAM IS A NINE-MONTH COURSE AIMED AT DEVELOPING A GROUP OF INFORMED CITIZENS TO PROVIDE DYNAMIC COMMUNITY LEADERSHIP. IT ALSO ENCOMPASSES A YOUTH LEADERSHIP GROUP COMPONENT AIMED AT DEVELOPING FUTURE LEADERS

Program 3

CAPACITY BUILDING PROGRAM FOR ATHENS COUNTY NON-PROFITS

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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 (2024)

Revenue Breakdown

Contributions & Grants $991,000

Program Service Revenue $181,298

Investment Income $1,059,290

Other Revenue $57,235

TOTAL REVENUE $2,288,823

Expense Breakdown

Grants Paid $741,662

Salaries & Benefits $391,334

Fundraising Expenses $83,933

Program Expenses $902,736

Other Expenses $466,482

TOTAL EXPENSES $1,599,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,288,823	$1,013,868	+1.3%
Expenses	$1,599,478	$1,372,107	+0.2%
Net Income	$689,345	$-358,239	-2.9%

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

$117,367

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY S PIGMAN	EXECUTIVE DI	40.00	Officer	$101,281	$16,086	$117,367
JANE CAVAROZZI	BOARD MEMBER	N/A	Director	$0	$0	$0
LAURIE DEAL	BOARD MEMBER	N/A	Director	$0	$0	$0
TEE FORD-AHMED	BOARD MEMBER	N/A	Director	$0	$0	$0
RANDY GONZALEZ	BOARD MEMBER	N/A	Director	$0	$0	$0
JEN L'HEUREUX	BOARD MEMBER	N/A	Director	$0	$0	$0
THERESE LACKEY	BOARD MEMBER	N/A	Director	$0	$0	$0
KAROLINE LANE	VICE CHAIRPE	N/A	Officer Director	$0	$0	$0
GEOFFREY MORGAN	TREASURER	N/A	Officer Director	$0	$0	$0
STEVE PATTERSON	BOARD MEMBER	N/A	Director	$0	$0	$0
JULIE PAXTON PAGAN	PRESIDENT &	N/A	Officer Director	$0	$0	$0
SCOTT ROBE	BOARD MEMBER	N/A	Director	$0	$0	$0
REBECCA ROBISON-MILLER	BOARD MEMBER	N/A	Director	$0	$0	$0
DAN STROH	BOARD MEMBER	N/A	Director	$0	$0	$0
JESSICA THOMAS	SECRETARY	N/A	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	$2,288,823	$1,599,478	$14,172,878	$689,345
2024	$1,013,868	$1,372,107	$12,919,618	$-358,239
2023	$2,417,036	$1,125,648	$11,176,045	$1,291,388
2022	$1,844,625	$1,152,417	$9,078,445	$692,208
2021	$1,522,569	$1,135,219	$10,943,685	$387,350
2020	$2,215,231	$1,328,976	$9,005,755	$886,255
2018	$1,118,835	$774,115	$7,568,168	$344,720