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.
The primary purpose of the organization is to receive, hold, handle, administer, invest, and reinvest money and property of all kinds received by gift, devise, payments, bequest, or appointment, in trust or otherwise, for charitable purposes, primarily in, or for the benefit of, the people of southeastern Kentucky, including for such purposes as (A) to assist communities and organizations in providing innovative, high-quality programs and services to the residents of southeastern Kentucky; (B) to administer for charitable purposes property donated to the corporation; (C) to distribute money for such purposes in accordance with the terms of gifts, bequests, devises to the corporation not inconsistent with its purposes, as set forth in these articles of incorporation, or in accordance with determinations made by the Board of Directors pursuant to these articles of incorporation; and (D) to distribute property to qualified charitable organizations for charitable purposes.
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.