SHAPING OUR APPALACHIAN REGION INC (EIN 371760428) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

DONOVAN BLACKBURN

Phone

6067661160

Tax Period

2024-07-01 to 2025-06-30

SHAPING OUR APPALACHIAN REGION INC, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. Expenses of $6.3M left a modest 7% surplus.

Mission

SHAPING OUR APPALACHIAN REGION, INC. ("SOAR"), A NONPROFIT ORGANIZATION, WAS CREATED WITH THE PRIMARY PURPOSE TO ADVANCE AND PROMOTE A RESILIENT AND DIVERSE EASTERN KENTUCKY ECONOMY BY PROVIDING LEADERSHIP, VISION, AND COLLABORATIVE PARTNERSHIPS TO SUPPORT INNOVATIVE REGIONAL PRACTICES AND ENHANCE PUBLIC AND PRIVATE INVESTMENTS IN AREAS SUCH AS JOB CREATION, ENTREPRENEURSHIP, TOURISM, EDUCATIONAL AND LIFELONG LEARNING, HEALTH AND WELLNESS, ARTS AND HERITAGE, AND SUSTAINABLE AGRICULTURAL PRACTICES AND FOOD SYSTEMS.

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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 $6,325,655

Program Service Revenue $208,372

Investment Income $0

Other Revenue $308,769

TOTAL REVENUE $6,842,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,890,146

Fundraising Expenses $102,964

Program Expenses $5,677,564

Other Expenses $4,455,114

TOTAL EXPENSES $6,345,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,842,796	$3,492,599	+1.0%
Expenses	$6,345,260	$3,139,737	+1.0%
Net Income	$497,536	$352,862	+0.4%

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

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
ANDY BESHEAR	CO-CHAIR	N/A	Officer Director	$0	$0	$0
HAL ROGERS	CO-CHAIR	N/A	Officer Director	$0	$0	$0
ELMER WHITAKER	BOARD MEMBER	N/A	Director	$0	$0	$0
JUDGE ALBEY BROCK	BOARD MEMBER	N/A	Director	$0	$0	$0
JEAN HALE	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
BARRY MARTIN	BOARD MEMBER	N/A	Director	$0	$0	$0
KIM MCCANN	EXEC. CHAIR	N/A	Officer Director	$0	$0	$0
CHRIS DEATON	BOARD MEMBER	N/A	Director	$0	$0	$0
STEPHEN FRAZIER	BOARD MEMBER	N/A	Director	$0	$0	$0
DONOVAN BLACKBURN	TREASURER	N/A	Director	$0	$0	$0
DAVID OSBORNE	EX OFFICIO	N/A	Director	$0	$0	$0
SENATE PRESIDENT STIVERS	EX OFFICIO	N/A	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	$6,842,796	$6,345,260	$7,314,796	$497,536
2024	$3,492,599	$3,139,737	$4,611,883	$352,862
2023	$2,898,840	$2,013,777	$3,347,754	$885,063
2022	$1,958,462	$1,574,967	$2,417,987	$383,495
2021	$1,313,116	$1,259,532	$1,987,780	$53,584
2020	$1,483,465	$1,360,689	$1,924,337	$122,776
2019	$1,206,622	$1,351,569	$1,791,308	$-144,947

SHAPING OUR APPALACHIAN REGION INC