APPALACHIAN DEVELOPMENT CORPORATION (EIN 570735286) - 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

1982

Legal Domicile

Principal Officer

J CONNALLY BRADLEY

Phone

8643822350

Tax Period

2024-10-01 to 2025-09-30

APPALACHIAN DEVELOPMENT CORPORATION, founded in 1982, is a small nonprofit that reported $905K in total revenue in fiscal year 2024. Expenses of $846K left a modest 6% surplus.

Mission

APPALACHIAN DEVELOPMENT CORPORATION ("ADC") IS A NONPROFIT ORGANIZATION FORMED TO FURTHER THE ECONOMIC DEVELOPMENT OF SOUTH CAROLINA BY OFFERING FINANCING TO QUALIFIED SMALL BUSINESSES.

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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 $0

Program Service Revenue $884,386

Investment Income $20,711

Other Revenue $0

TOTAL REVENUE $905,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $624,059

Fundraising Expenses $0

Program Expenses $655,455

Other Expenses $222,332

TOTAL EXPENSES $846,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$905,097	$843,266	+0.1%
Expenses	$846,391	$710,510	+0.2%
Net Income	$58,706	$132,756	-0.6%

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

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

$229,867

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J CONNALLY BRADLEY	EXECUTIVE DI	40.00	Officer	$193,103	$36,764	$229,867
KIM MODE	PRESIDENT	0.20	Officer Director	$0	$0	$0
RALPH GUARINO	VICE PRESIDE	0.20	Officer Director	$0	$0	$0
GRANT NICHOLSON	SECRETARY/TR	0.20	Officer Director	$0	$0	$0
RICHARD BLACKWELL	DIRECTOR	0.20	Director	$0	$0	$0
BEN CALHOUN	DIRECTOR	0.20	Director	$0	$0	$0
JIM COOK	DIRECTOR	0.20	Director	$0	$0	$0
SCOTT DUNN	DIRECTOR	0.20	Director	$0	$0	$0
TAVIA GADDY	DIRECTOR	0.20	Director	$0	$0	$0
KELLY PARNELL	DIRECTOR FRO	0.20	Director	$0	$0	$0
STEVE PELISSIER	COG APPOINTE	0.20	Director	$0	$0	$0
STUART PLYLER	DIRECTOR	0.20	Director	$0	$0	$0
JORDAN PORTILLO	DIRECTOR	0.20	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	$905,097	$846,391	$8,350,949	$58,706
2024	$843,266	$710,510	$8,393,347	$132,756
2023	$783,553	$698,341	$8,353,251	$85,212
2022	$712,263	$697,360	$8,430,332	$14,903
2021	$608,788	$540,834	$8,594,872	$67,954
2020	$785,850	$542,837	$8,683,329	$243,013
2019	$627,651	$570,793	$8,541,092	$56,858
2018	$692,282	$610,367	$8,580,425	$81,915

APPALACHIAN DEVELOPMENT CORPORATION