Hazard, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FOUNDATION FOR APPALACHIAN KENTUCKY INC, founded in 2002, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $11.8M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $10.6M left a modest 10% surplus.
Our mission is to be a catalyst for community collaboration and charitable giving; to create permanent endowment funds as a sustaining resource to improve quality of life and place in eastern Kentucky.
During the past year, the Foundation: (1) continued to operate and establish a well-grounded, well-known and well-regarded office and staff in the heart of the southeastern Kentucky coal fields while...
During the past year, the Foundation: (1) continued to operate and establish a well-grounded, well-known and well-regarded office and staff in the heart of the southeastern Kentucky coal fields while establishing and participating in regional initiatives to transition to a diverse economy as the coal industry continues to decline; (2) met national standards for US community foundations as set forth by the Community Foundations National Standards Board at the National Council on Foundations; (3) provided fiscal and administrative sponsorships for numerous organizations; and (4) provided leadership and support to the Appalachia Funders Network, a collaborative of public and private funders working together to build community capacity and promote an equitable economic transition into new and emerging sectors as the coal industry continues to decline.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $11,777,632 | $20,144,039 | -0.4% |
| Expenses | $10,585,653 | $13,843,338 | -0.2% |
| Net Income | $1,191,979 | $6,300,701 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Gerry Roll | Executive Director | 40 |
Officer
Key Emp
|
$100,000 | $17,995 | $117,995 |
| Kathy Atkins | Chair | 7 |
Officer
Director
|
$0 | $0 | $0 |
| Cory Chesnut | Treasurer | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Keith Gabbard | Vice Chair | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Janet Smith | Secretary | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Danny Maggard | Director | 1 |
Director
|
$0 | $0 | $0 |
| Randy Craft | Director | 1 |
Director
|
$0 | $0 | $0 |
| Simon Christon | Director | 1 |
Director
|
$0 | $0 | $0 |
| Ketaki Bhattacharyya | Director | 1 |
Director
|
$0 | $0 | $0 |
| Melissa | Bond | 1 |
Director
|
$0 | $0 | $0 |
| Danielle Bocook | Director | 1 |
Director
|
$0 | $0 | $0 |
| Casey Michalovic | Director | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $11,777,632 | $10,585,653 | $31,549,275 | $1,191,979 |
| 2022 | $20,144,039 | $13,843,338 | $29,222,874 | $6,300,701 |
| 2021 | $12,960,964 | $5,404,241 | $23,302,099 | $7,556,723 |
| 2020 | $6,761,361 | $5,105,548 | $13,514,852 | $1,655,813 |
| 2019 | $7,579,832 | $4,969,024 | $12,163,092 | $2,610,808 |
| 2018 | $2,597,360 | $2,480,681 | $8,915,194 | $116,679 |
Compare FOUNDATION FOR APPALACHIAN KENTUCKY INC with other nonprofits in Kentucky and across the country.