APPALACHIAN CENTER FOR ECONOMIC NETWORKS INC

EIN: 311129632 501(c)(3) Community Improvement

ATHENS, OH

Total Revenue
$1,303,286
Total Expenses
$1,369,025
Total Assets
$3,026,491
Net Assets
$2,433,907
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
OH
Principal Officer
LARRY FISHER
Tax Period
2023-01-01 to 2023-12-31

APPALACHIAN CENTER FOR ECONOMIC NETWORKS INC, founded in 1985, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION IS A COMMUNITY BASED ECONOMIC DEVELOPMENT ENTITY SERVING THE 32 COUNTIES OF APPALACHIA OHIO. ITS MISSION IS TO BUILD THE CAPACITY OF APPALACHIAN COMMUNITIES TO NETWORK, WORK TOGETHER AND INNOVATE TO CREATE A DYNAMIC SUSTAINABLE REGIONAL ECONOMY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $597,083
Program Service Revenue $706,203
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,303,286

Expense Breakdown

Grants Paid $0
Salaries & Benefits $694,758
Fundraising Expenses $0
Program Expenses $1,234,168
Other Expenses $674,267
TOTAL EXPENSES $1,369,025

Year-over-Year Comparison

2023 2022 Change
Revenue $1,303,286 $1,209,382 +0.1%
Expenses $1,369,025 $1,455,272 -0.1%
Net Income $-65,739 $-245,890 -0.7%
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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Governance

Voting Members
10
Independent Members
10
Employees
16
Volunteers
N/A

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
1
$81,576
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY FISHER EXECUTIVE DIRECTOR 40.00
Officer
$79,200 $2,376 $81,576
SKY PETTEY BD TRUSTEE 0.00
Director
$0 $0 $0
AARON THOMAS BD TRUSTEE 0.00
Director
$0 $0 $0
LARRY HESS BD TRUSTEE 0.00
Director
$0 $0 $0
ERIN RENNICH BD TRUSTEE 0.00
Director
$0 $0 $0
CARRIE ARNOLD BD TRUSTEE 0.00
Director
$0 $0 $0
SEAN TERRELL BD TRUSTEE 0.00
Director
$0 $0 $0
MOLLIE FITZGERALD BD TRUSTEE 0.00
Director
$0 $0 $0
CALE BURKE BD TRUSTEE 0.00
Director
$0 $0 $0
LAURIE MCKNIGHT BD TRUSTEE 0.00
Director
$0 $0 $0
PAUL MASS BD TRUSTEE 0.00
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
2024 No data No data No data No data
2023 $1,303,286 $1,369,025 $3,026,491 $-65,739
2022 $1,209,382 $1,455,272 $2,992,613 $-245,890
2021 $1,167,468 $1,165,607 $3,317,109 $1,861
2020 $1,061,994 $1,122,209 $3,251,608 $-60,215
2019 $847,299 $1,099,207 $3,244,120 $-251,908
2018 $1,116,778 $1,119,475 $3,388,833 $-2,697
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