LIMESTONE AREA COMMUNITY FOUNDATION

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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

1992

Legal Domicile

Principal Officer

KAYE MCFARLEN

Phone

2562332323

Tax Period

2023-10-01 to 2024-09-30

LIMESTONE AREA COMMUNITY FOUNDATION, founded in 1992, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $74K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $92K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE ORGANIZATION USES FUNDS TO AWARD GRANTS TO PROJECTS WHICH BENEFIT A BROAD SEGMENT OF THE POPULATION, SERVE CITIZENS WHOSE NEEDS ARE NOT MET BY EXISTING SERVICES, ADDRESS COMMUNITY ISSUES, HAVE POTENTIAL FOR FUTURE SUPPORT, PROMOTE VOLUNTEER INVOLVEMENT, AND IMPROVE THE QUALITY OF LIFE IN LIMESTONE COUNTY.

Program Service Accomplishments

Program 1

Expenses: $87,090

SUPPORT OTHER 501(C)(3) ORGANIZATIONS WITHIN THE ATHENSAND LIMESTONE COUNTY AREA BY PROVIDING FUNDING FORSPECIFIC PROJECTS, NEEDS, ETC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $42,000

Program Service Revenue $0

Investment Income $31,760

Other Revenue $0

TOTAL REVENUE $73,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,090

Other Expenses $92,139

TOTAL EXPENSES $92,139

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,760	$66,175	+0.1%
Expenses	$92,139	$103,213	-0.1%
Net Income	$-18,379	$-37,038	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAYE MCFARLEN	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
JOHN CARTER	CHAIR	0.50	Officer Director	$0	$0	$0
KIMBERLY BELL	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DENVER BETTS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ANNETTE BARNES	TREASURER	0.50	Officer Director	$0	$0	$0
BRITLEY BROWN	DIRECTOR	0.50	Director	$0	$0	$0
KAY BURLINGAME	DIRECTOR	0.50	Director	$0	$0	$0
DANA HENRY	DIRECTOR	0.50	Director	$0	$0	$0
JEFF HODGES	DIRECTOR	0.50	Director	$0	$0	$0
JOHN HUBBS	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS LATHEM-BROWN	DIRECTOR	0.50	Director	$0	$0	$0
KURT LEOPARD	DIRECTOR	0.50	Director	$0	$0	$0
BRAD LEWIS	DIRECTOR	0.50	Director	$0	$0	$0
KADAIJA MADDEN	DIRECTOR	0.50	Director	$0	$0	$0
RANDALL MOORE	DIRECTOR	0.50	Director	$0	$0	$0
RAY NEESE	DIRECTOR	0.50	Director	$0	$0	$0
BETH PATTON	DIRECTOR	0.50	Director	$0	$0	$0
BROOK PETTUS	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN RIDDLE	DIRECTOR	0.50	Director	$0	$0	$0
BETHANY SHOCKNEY	DIRECTOR	0.50	Director	$0	$0	$0
ALLISON USERY	DIRECTOR	0.50	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	$73,760	$92,139	$645,354	$-18,379
2023	$66,175	$103,213	$663,733	$-37,038
2022	$64,521	$102,643	$716,973	$-38,122
2022	$3,418	$7,575	$712,816	$-4,157
2021	$83,085	$57,193	$755,095	$25,892
2020	$76,237	$89,603	$729,203	$-13,366
2019	$72,444	$68,137	$742,569	$4,307