APPALACHIAN OPPORTUNITY FUND (EIN 830920796) - Form 990 Financial Analysis & Trantor Score

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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

2018

Principal Officer

VICTORIA HEWLETT

Phone

8003783778

Tax Period

2023-01-01 to 2023-12-31

APPALACHIAN OPPORTUNITY FUND, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $322K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $312K left a modest 3% surplus.

Mission

TO IMPROVE FINANCIAL HEALTH OF ASSET-LIMITED, INCOME-CONSTRAINED PEOPLE IN NOURTHEAST TENNESSEE, SOUTHEAST KENTUCKY, AND SOUTHWEST VIRGINIA; TO ENSURE AVAILABILITY AND DEVELOPMENT OF AFFORDABLE HOUSING TO LOW-TO-MODERATE INCOME HOUSEHOLDS IN NORTHEAST TENNESSEE, SOUTHEAST KENTUCKY, AND SOUTHWEST VIRGINIA; AND TO ALLEVIATE POVERTY AND COMBAT COMMUNITY DETERIORATION IN NORTHEAST TENNESSEE, SOUTHEAST KENTUCKY, AND SOUTHWEST VIRGINIA.

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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 $231,918

Program Service Revenue $89,252

Investment Income $622

Other Revenue $0

TOTAL REVENUE $321,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,803

Fundraising Expenses $0

Program Expenses $80,247

Other Expenses $55,900

TOTAL EXPENSES $311,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$321,792	$211,632	+0.5%
Expenses	$311,703	$222,736	+0.4%
Net Income	$10,089	$-11,104	-1.9%

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

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

$63,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTORIA HEWLETT	EXECUTIVE DI	40.00	Director	$63,100	$0	$63,100
LAUREN CLEMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD COVERT	TREASURER	1.00	Director	$0	$0	$0
AARON DUFFY	BOARD MEMBER	20.00	Director	$0	$0	$0
JESSICA EDMISTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL IRWIN	CHAIR	1.00	Director	$0	$0	$0
DAMON JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LEYA MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ABRAHAM MCINTYRE	BOARD MEMBER	20.00	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
2024	No data	No data	No data	No data
2023	$321,792	$311,703	$128,402	$10,089
2022	$211,632	$222,736	$117,621	$-11,104
2021	$240,750	$191,011	$128,725	$49,739
2020	$162,497	$102,071	$78,986	$60,426

APPALACHIAN OPPORTUNITY FUND