APPALSHOP INC

EIN: 610890210 501(c)(3) Arts, Culture & Humanities

Whitesburg, KY

Total Revenue
$4,664,004
Total Expenses
$3,721,710
Total Assets
$9,319,234
Net Assets
$9,103,298
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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
1975
Legal Domicile
KY
Principal Officer
Tiffany Sturdivant
Phone
6066330108
Tax Period
2023-10-01 to 2024-09-30

APPALSHOP INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $942K, a strong 20% operating margin.

Mission

EDUCATION OF THE GENERAL PUBLIC, ESPECIALLY THE COMMUNITIES AND PEOPLE OF THE APPALACHIAN REGION

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,050,755
Program Service Revenue $465,228
Investment Income $1,096,484
Other Revenue $51,537
TOTAL REVENUE $4,664,004

Expense Breakdown

Grants Paid $173,080
Salaries & Benefits $2,081,313
Fundraising Expenses $296,995
Program Expenses $2,106,549
Other Expenses $1,467,317
TOTAL EXPENSES $3,721,710

Year-over-Year Comparison

2023 2022 Change
Revenue $4,664,004 $2,390,521 +1.0%
Expenses $3,721,710 $3,593,393 +0.0%
Net Income $942,294 $-1,202,872 -1.8%
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

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Governance

Voting Members
11
Independent Members
11
Employees
32
Volunteers
52

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
5
$138,588
Total Directors
11
$354,008
Key Employees
1
$67,018
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIMI PICKERING BOARD MEMBER 40
Director
$75,780 $0 $75,780
ERIC VANHOOSE BOARD MEMBER 40
Officer Director
$71,570 $0 $71,570
TIFFANY STURDIVANT INTERIM EXECUTIVE DIRECTOR 40
Officer Director Key Emp
$67,018 $0 $67,018
TOMMY ANDERSON BOARD MEMBER 40
Director
$48,569 $0 $48,569
JOSHUA OUTSEY BOARD MEMBER 40
Director
$47,079 $0 $47,079
AARON ASBURY VICE CHAIR 40
Director
$43,992 $0 $43,992
BETSY WHALEY BOARD CHAIR 1.5
Officer Director
$0 $0 $0
VALERIE HORN BOARD MEMBER 1.5
Director
$0 $0 $0
NELL FIELDS BOARD MEMBER 1.5
Director
$0 $0 $0
ANNA RICHARDSON WHITE SECRETARY 1.5
Officer Director
$0 $0 $0
THOMAS GAGE TREASURER 1.5
Officer 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 $4,664,004 $3,721,710 $9,319,234 $942,294
2023 $2,390,521 $3,593,393 $8,261,039 $-1,202,872
2022 $4,366,517 $3,374,408 $8,657,430 $992,109
2021 $2,149,775 $2,587,951 $8,650,033 $-438,176
2020 $2,458,366 $2,473,315 $8,638,652 $-14,949
2019 $2,309,433 $2,250,090 $7,853,998 $59,343
2018 $2,396,143 $1,962,359 $7,224,404 $433,784
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