CV APPALACHIAN CDE INC

EIN: 814658111 501(c)(3) Community Improvement

LEXINGTON, KY

Total Revenue
$1,391,822
Total Expenses
$332,338
Total Assets
$4,156,149
Net Assets
$4,097,092
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
KY
Principal Officer
KEVIN SMITH
Phone
8592310054
Tax Period
2023-01-01 to 2023-12-31

CV APPALACHIAN CDE INC, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 282% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 76% operating margin.

Mission

TO ASSIST COMMUNITY VENTURES CORPORATION IN ENGAGING ECONOMIC DEVELOPMENT BY REVITALIZING COMMUNITIES THAT ARE CHARACTERIZED AS SEVERELY ECONOMICALLY DISTRISSED.

Program Service Accomplishments

Program 1
Expenses: $332,338 Revenue: $1,391,495

ENGAGING ECONOMIC DEVELOPMENT IN SEVERELY ECONOMICALLY DISTRESSED AREAS THROUGH STRATEGIC INVESTMENTS OF NEW MARKETS TAX CREDITS ALLOCATED FROM THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND.

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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 $0
Program Service Revenue $1,391,495
Investment Income $327
Other Revenue $0
TOTAL REVENUE $1,391,822

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $332,338
Other Expenses $332,338
TOTAL EXPENSES $332,338

Year-over-Year Comparison

2023 2022 Change
Revenue $1,391,822 $364,479 +2.8%
Expenses $332,338 $136,160 +1.4%
Net Income $1,059,484 $228,319 +3.6%
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
5
Independent Members
5
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
2
$332,679
Total Directors
5
$332,679
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN SMITH PRESIDENT 1.00
Officer Director
$0 $88,062 $332,679
REVEREND FRED MITCHELL SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
RAYMOND DANIELS DIRECTOR 1.00
Director
$0 $0 $0
MARILYNN PAYSON DIRECTOR 1.00
Director
$0 $0 $0
LARRY JOHNSON 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
2024 No data No data No data No data
2023 $1,391,822 $332,338 $4,156,149 $1,059,484
2022 $364,479 $136,160 $3,038,636 $228,319
2021 $516,938 $133,686 $2,816,239 $383,252
2020 $2,663,300 $107,515 $2,431,705 $2,555,785
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