APPALACHIAN FUND MANAGEMENT COMPANY INC

EIN: 611399975 501(c)(3)

LONDON, KY

Total Revenue
$50,054
Total Expenses
$55,736
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
KY
Principal Officer
BRENDA MCDANIEL
Phone
6068645175
Tax Period
2020-01-01 to 2020-12-31

APPALACHIAN FUND MANAGEMENT COMPANY INC, founded in 2001, is a micro nonprofit that reported $50K in total revenue in fiscal year 2020. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ORGANIZATION SERVES AS THE GENERAL PARTNER OF SOUTHERN APPALACHIAN FUND, LP, A NEW MARKETS VENTURE CAPITAL COMPANY. AS SUCH, IT WILL PROVIDE MANAGEMENT SERVICES TO THE NMVCC TO INSURE PROGRAM RELATED COHESIVE AND PRUDENT INVESTMENTS IN THE APPALACHIAN CORRIDOR.

Program Service Accomplishments

Program 1
Expenses: $55,721 Revenue: $50,000

THE ORGANIZATION IS A SUPPORTING ORGANIZATION FOR TECHNOLOGY 2020, INC. NOW KNOWN AS THREE ROOTS CAPITAL INC., A 501(C)(3) ORGANIZATION AND KENTUCKY HIGHLANDS INVESTMENT CORPORATION, A 501(C)(4)...

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THE ORGANIZATION IS A SUPPORTING ORGANIZATION FOR TECHNOLOGY 2020, INC. NOW KNOWN AS THREE ROOTS CAPITAL INC., A 501(C)(3) ORGANIZATION AND KENTUCKY HIGHLANDS INVESTMENT CORPORATION, A 501(C)(4) ORGANIZATION. ITS PURPOSE IS THE AMELIORATION OF POVERTY THROUGH ECONOMIC DEVELOPMENT IN THE APPALACHIAN CORRIDOR. THE ORGANIZATION ACTS AS A GENERAL PARTNER TO AN ENTITY WHICH MANAGES THE INVESTMENTS AND THE CONTRACTS FOR MANAGEMENT SERVICES TO INSURE COHESIVE, PROGRAM RELATED INVESTMENTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $50,000
Investment Income $54
Other Revenue $0
TOTAL REVENUE $50,054

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $55,721
Other Expenses $55,736
TOTAL EXPENSES $55,736

Year-over-Year Comparison

2020 2019 Change
Revenue $50,054 $140,163 -0.6%
Expenses $55,736 $140,015 -0.6%
Net Income $-5,682 $148 -39.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
2
Employees
N/A
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
3
$835,154
Total Directors
4
$835,154
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
L RAY MONCRIEF CEO/DIRECTOR 1.00
Officer Director
$0 $0 $90,122
BRENDA MCDANIEL SECRETARY/TREASURER 1.00
Officer Director
$0 $65,849 $468,113
GRADY VANDERHOOFVEN PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $15,734 $276,919
THOMAS ROGERS DIRECTOR 1.00
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
2020 $50,054 $55,736 No data $-5,682
2019 $140,163 $140,015 $7,123 $148
2018 $140,163 $140,015 $7,146 $148
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