APPALACHIAN PARTNERSHIP INC

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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

2011

Legal Domicile

Principal Officer

GLENDA BUMGARNER

Phone

7402164449

Tax Period

2023-01-01 to 2023-12-31

APPALACHIAN PARTNERSHIP INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 32% operating margin.

Mission

TO FOSTER ENDURING, WIDELY SPREAD PROSPERITY ACROSS APPALACHIAN OHIO BY HELPING BUILD THE REGION'S PRIVATE SECTOR BUSINESS ECONOMY AND WORK WITH BANKS AND REVOLVING LOAN FUNDS AS AN ADDITIONAL OR ALTERNATE FUNDING SOURCE FOR SMALL BUSINESS PROJECTS IN OHIO'S APPALACHIAN-DESIGNATED COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $2,313,121 Revenue: $279,293

BUSINESS DEVELOPMENT - APEG, DBA OHIO SOUTHEAST, SERVES AS THE JOBSOHIO REGIONAL PARTNER IN EASTERN AND SOUTHERN OHIO. SINCE 2011, OHIO SOUTHEAST IS THE SINGLE POINT OF ENTRY INTO 25 OF THE 32...

BUSINESS DEVELOPMENT - APEG, DBA OHIO SOUTHEAST, SERVES AS THE JOBSOHIO REGIONAL PARTNER IN EASTERN AND SOUTHERN OHIO. SINCE 2011, OHIO SOUTHEAST IS THE SINGLE POINT OF ENTRY INTO 25 OF THE 32 APPALACHIAN OHIO COUNTIES FOR JOBSOHIO. THE PURPOSE IS TO DRIVE JOB CREATION AND NEW CAPITAL INVESTMENT IN OHIO THROUGH BUSINESS ATTRACTION, RETENTION, AND EXPANSION EFFORTS.

Program 2

Expenses: $425,306

ACCESS TO CAPITAL FOR SMALL BUSINESS DEVELOPMENT - IN 2017, APPALACHIAN PARTNERSHIP, INC. ESTABLISHED A SINGLE MEMBER LLC SUBSIDIARY, APPALACHIAN GROWTH CAPITAL, TO ADDRESS GAPS IN ACCESS TO CREDIT FOR SMALL BUSINESSES. AGC WAS FORMED TO BECOME A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION AS DEFINED BY THE US DEPT. OF THE TREASURY.

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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 $4,520,802

Program Service Revenue $37,518

Investment Income $211,397

Other Revenue $241,775

TOTAL REVENUE $5,011,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,950,747

Fundraising Expenses $30,049

Program Expenses $2,738,427

Other Expenses $1,435,525

TOTAL EXPENSES $3,386,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,011,492	$3,453,432	+0.5%
Expenses	$3,386,272	$3,189,572	+0.1%
Net Income	$1,625,220	$263,860	+5.2%

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

$539,811

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN STOCKMEISTER	DIRECTOR	1.00	Director	$0	$0	$0
AMY KOSCIELAK	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN STEPP	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK SULERZYSKI	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WILLHELM	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MINGYAR	DIRECTOR	1.00	Director	$0	$0	$0
JACK MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
JAY GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEANETTE WIERZBICKI	DIRECTOR	1.00	Director	$0	$0	$0
JEFFERY WODA	DIRECTOR	1.00	Director	$0	$0	$0
KEN MASON	DIRECTOR	1.00	Director	$0	$0	$0
LARRY KIDD	DIRECTOR	1.00	Director	$0	$0	$0
MARJEAN KENNEDY	CHAIRPERSON - API & APEG	1.00	Officer Director	$0	$0	$0
MARTY HOHENBERGER	DIRECTOR	1.00	Director	$0	$0	$0
MATT ABBOTT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LINTON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ARCHER	GOVERNANCE	1.00	Officer Director	$0	$0	$0
RYAN KIRKHAM	DIRECTOR	1.00	Director	$0	$0	$0
SAM SCHUPBACH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE EVANS	SECRETARY	1.00	Officer Director	$0	$0	$0
TAMMY OSBORNE-SMITH	DIRECTOR	1.00	Director	$0	$0	$0
TOM JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
TRACY STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
ZANE DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
TERRY SLAYBAUGH	DIRECTOR	1.00	Director	$0	$0	$0
ALAN STOCKMEISTER	DIRECTOR	1.00	Director	$0	$0	$0
GLENDA BUMGARNER	CEO - API	45.00	Officer	$278,790	$0	$278,790
MIKE JACOBY	CEO - APEG	45.00	Officer	$115,695	$0	$115,695
KATY FARBER	VP - BUSINESS SERVICES	45.00	Officer	$145,326	$0	$145,326

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	$5,011,492	$3,386,272	$15,299,039	$1,625,220
2022	$3,453,432	$3,189,572	$13,784,353	$263,860
2021	$3,356,039	$3,104,282	$13,165,694	$251,757
2020	$4,362,947	$3,266,655	$15,420,552	$1,096,292
2019	$2,923,827	$2,965,886	$1,889,815	$-42,059
2018	$2,856,563	$2,520,724	$1,729,402	$335,839