APPALACHIAN DEVELOPMENT CORPORATION

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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

1987

Legal Domicile

Principal Officer

CHASITY SCHMELZENBACH

Phone

7403749436

Tax Period

2023-10-01 to 2024-09-30

APPALACHIAN DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit that reported $257K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $45K, a strong 17% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO NEW AND DEVELOPING BUSINESSES AND INDUSTRIES.

Program Service Accomplishments

Program 1

Expenses: $212,083 Revenue: $256,892

THE CORPORATION LEASES OFFICE BUILDINGS TO BUCKEYE HILLS HOCKING VALLEY REGIONAL DEVELOPMENT DISTRICT (BHHVRDD), WHICH INDIRECTLY BENEFITS ALL RESIDENTS OF THE EIGHT COUNTY REGION. BHHVRDD IS AN...

THE CORPORATION LEASES OFFICE BUILDINGS TO BUCKEYE HILLS HOCKING VALLEY REGIONAL DEVELOPMENT DISTRICT (BHHVRDD), WHICH INDIRECTLY BENEFITS ALL RESIDENTS OF THE EIGHT COUNTY REGION. BHHVRDD IS AN ORGANIZATION COMPRISED OF LOCAL GOVERNMENT SUBDIVISIONS AND SERVES THE ECONOMIC NEEDS OF RESIDENTS IN AN EIGHT COUNTY AREA OF APPALACHIAN OHIO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,552

Other Revenue $255,340

TOTAL REVENUE $256,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $212,083

Other Expenses $212,083

TOTAL EXPENSES $212,083

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,892	$276,901	-0.1%
Expenses	$212,083	$271,368	-0.2%
Net Income	$44,809	$5,533	+7.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LENNY ELIASON	PRESIDENT	2.00	Officer Director	$0	$0	$0
RON MOORE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIAN HOWARD	TRUSTEE	1.00	Director	$0	$0	$0
TY MOORE	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN RITTER	TRUSTEE	1.00	Director	$0	$0	$0
BEN CARPENTER	TRUSTEE	1.00	Director	$0	$0	$0
ADAM SHRIVER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN CURTIS	TRUSTEE	1.00	Director	$0	$0	$0
JASON D'ONOFRIO	TRUSTEE	1.00	Director	$0	$0	$0
CARL DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
RICK HINDMAN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE PATTERSON	TRUSTEE	1.00	Director	$0	$0	$0
FLITE FREIMANN	TREASURER	2.00	Officer Director	$0	$0	$0
JEFF MINOSKY	TRUSTEE	1.00	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	$256,892	$212,083	$342,104	$44,809
2023	$276,901	$271,368	$297,295	$5,533
2022	$255,549	$272,085	$291,762	$-16,536
2021	$306,288	$274,321	$308,298	$31,967
2020	$232,630	$211,739	$276,331	$20,891
2019	$257,205	$219,622	$255,440	$37,583
2018	$244,318	$230,987	$217,857	$13,331