FOUNDATION FOR APPALACHIAN OHIO

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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

1998

Legal Domicile

Principal Officer

CARA DINGUS BROOK

Phone

7407531111

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR APPALACHIAN OHIO, founded in 1998, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $29.0M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.3M, a strong 53% operating margin.

Mission

THE FOUNDATION FOR APPALACHIAN OHIO (FAO) IS A REGIONAL COMMUNITY FOUNDATION SERVING THE 32 COUNTIES OF APPALACHIAN OHIO. THE FOUNDATION CREATES OPPORTUNITIES FOR APPALACHIAN OHIO'S CITIZENS AND COMMUNITIES BY INSPIRING AND SUPPORTING PHILANTHROPY. AT THE FOUNDATION FOR APPALACHIAN OHIO, WE ENVISION A REGION ABUNDANT IN POSSIBILITIES. WE WORK TOWARDS THIS IN PARTNERSHIP WITH OUR DONORS, GRANTEES, AND COMMUNITY MEMBERS BY SHRINKING THE PHILANTHROPY GAP BETWEEN APPALACHIAN OHIO AND THE REST OF THE STATE; AWARDING GRANTS TO NONPROFIT ORGANIZATIONS, SCHOOLS, AND COMMUNITIES; AND CONVENING PARTNERS TOGETHER MORE REGULARLY AROUND MATTERS OF IMPORTANCE TO OUR REGION.

Program Service Accomplishments

Program 1

Expenses: $1,759,370 Revenue: $1,188,778

IN A REGION WHERE THERE ARE FAR FEWER PHILANTHROPIC RESOURCES AVAILABLE THAN IN THE REST OF THE STATE, FAO HAS PARTNERED WITH COMMUNITIES TO HELP THEM BUILD LOCALLY-FOCUSED ENDOWMENT AND RESOURCES TO REINVEST IN THEIR COMMUNITIES. LED BY LOCAL ON THE GROUND VOLUNTEERS, THESE COMMUNITY FUNDS ARE CREATING GRANTMAKING DOLLARS WHERE THEY HAVEN'T EXISTED BEFORE AND ARE CREATING NEW PATHS FOR CURRENT AND FORMER RESIDENTS TO GIVE BACK. WITH FAO'S SUPPORT AND PARTNERSHIP, THESE FUNDS HAVE DEVELOPED AND IMPLEMENTED OUTREACH STRATEGIES, HAVE BEEN FUNDRAISING, AND MANY HAVE EMBARKED ON THEIR FIRST GRANTMAKING INITIATIVES ACROSS THEIR COMMUNITIES.

Program 2

Expenses: $8,839,176

THROUGHOUT THE YEAR, FAO'S FUNDS AWARD GRANTS THROUGH COMPETITIVE GRANT PROGRAMS AS WELL AS THROUGH STRATEGIC RECOMMENDATIONS IN PARTNERSHIP WITH COMMITTEES AND DONOR SERVICES. GRANT DOLLARS MAKE...

THROUGHOUT THE YEAR, FAO'S FUNDS AWARD GRANTS THROUGH COMPETITIVE GRANT PROGRAMS AS WELL AS THROUGH STRATEGIC RECOMMENDATIONS IN PARTNERSHIP WITH COMMITTEES AND DONOR SERVICES. GRANT DOLLARS MAKE INVESTMENTS ACROSS MANY FIELDS OF INTEREST, INCLUDING ARTS AND CULTURE, COMMUNITY AND ECONOMIC DEVELOPMENT, EDUCATION, ENVIRONMENTAL STEWARDSHIP, AND HEALTH AND HUMAN SERVICES. FAO'S GRANT FUNDS SUPPORT INITIATIVES BASED IN NONPROFITS, SCHOOLS, AND COMMUNITY ORGANIZATIONS.

Program 3

Expenses: $440,782

IN PARTNERSHIP WITH DONORS WHO HAVE CREATED FUNDS TO CELEBRATE AND MEMORIALIZE LOVED ONES WITH THE GIFT OF EDUCATION, FAO AWARDED 381 SCHOLARSHIPS IN 2023. THESE SCHOLARSHIPS SERVE TO INSPIRE...

IN PARTNERSHIP WITH DONORS WHO HAVE CREATED FUNDS TO CELEBRATE AND MEMORIALIZE LOVED ONES WITH THE GIFT OF EDUCATION, FAO AWARDED 381 SCHOLARSHIPS IN 2023. THESE SCHOLARSHIPS SERVE TO INSPIRE APPALACHIAN OHIO'S STUDENTS TO PURSUE POST-SECONDARY EDUCATION AND TO CONTRIBUTE TO REDUCING FINANCIAL BARRIERS THAT MIGHT STAND IN STUDENTS' WAY AS THEY CONTINUE THEIR EDUCATION.

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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 $26,843,877

Program Service Revenue $1,188,778

Investment Income $1,013,686

Other Revenue $-15,286

TOTAL REVENUE $29,031,055

Expense Breakdown

Grants Paid $9,279,958

Salaries & Benefits $1,813,416

Fundraising Expenses $652,673

Program Expenses $11,039,328

Other Expenses $2,674,377

TOTAL EXPENSES $13,767,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,031,055	$22,438,784	+0.3%
Expenses	$13,767,751	$5,525,145	+1.5%
Net Income	$15,263,304	$16,913,639	-0.1%

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

Volunteers

235

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

$396,393

Total Directors