INVEST APPALACHIA INC

EIN: 842748180 501(c)(3) Environment

ASHEVILLE, NC

Total Revenue
$4,550,890
Total Expenses
$2,279,313
Total Assets
$5,396,750
Net Assets
$4,670,037
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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
2019
Legal Domicile
DE
Principal Officer
ANDREW CROSSON
Phone
3046446001
Tax Period
2024-01-01 to 2024-12-31

INVEST APPALACHIA INC, founded in 2019, is a community nonprofit in the Environment sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 50% operating margin.

Mission

INVEST APPALACHIA (IA) IS A REGIONAL IMPACT INVESTMENT PLATFORM DESIGNED BY AND FOR THE PEOPLE OF CENTRAL APPALACHIA. IA PROVIDES BLENDED INVESTMENT CAPITAL TO STRENGTHEN BUSINESS OPPORTUNITIES, BUILD EQUITABLE LOCAL WEALTH, ADVANCE CRITICAL SECTORS, AND INCREASE QUALITY OF LIFE FOR EVERYONE IN CENTRAL APPALACHIA. IA WAS INITIATED THROUGH THE APPALACHIA FUNDERS NETWORK AND DEVELOPED BY A COLLABORATIVE GROUP OF REGIONAL LEADERS REPRESENTING CDFIS, PUBLIC AND PRIVATE PHILANTHROPIC ENTITIES, LOCAL INSTITUTIONS, AND COMMUNITY ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,953,788
Program Service Revenue $1,485,819
Investment Income $111,283
Other Revenue $0
TOTAL REVENUE $4,550,890

Expense Breakdown

Grants Paid $0
Salaries & Benefits $424,660
Fundraising Expenses $0
Program Expenses $2,200,175
Other Expenses $1,854,653
TOTAL EXPENSES $2,279,313

Year-over-Year Comparison

2024 2023 Change
Revenue $4,550,890 $1,917,636 +1.4%
Expenses $2,279,313 $2,340,722 0.0%
Net Income $2,271,577 $-423,086 -6.4%
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

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
12
Independent Members
12
Employees
3
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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZURILMA ANUEL BOARD MEMBER N/A
Director
$0 $0 $0
ANDREW CROSSON EXECUTIVE DI N/A
Officer Director
$0 $0 $0
MICHELLE FOSTER BOARD MEMBER N/A
Director
$0 $0 $0
EARL GOHL BOARD MEMBER N/A
Director
$0 $0 $0
KAREN JACOBSON BOARD MEMBER N/A
Director
$0 $0 $0
SARA MORGAN BOARD TREASU N/A
Officer Director
$0 $0 $0
SCOTT MCREYNOLDS BOARD MEMBER N/A
Director
$0 $0 $0
DEBBIE PHILLIPS BOARD MEMBER N/A
Director
$0 $0 $0
KERRY PIGMAN BOARD MEMBER N/A
Director
$0 $0 $0
BILL POLLARD BOARD MEMBER N/A
Director
$0 $0 $0
STEPHANIE RANDOLPH BOARD PRESID N/A
Officer Director
$0 $0 $0
BILL SHELTON BOARD MEMBER N/A
Director
$0 $0 $0
STEPHANIE TYREE BOARD SECRET N/A
Officer 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 $4,550,890 $2,279,313 $5,396,750 $2,271,577
2023 $1,917,636 $2,340,722 $3,020,288 $-423,086
2022 $3,949,703 $1,332,606 $3,205,567 $2,617,097
2021 $648,625 $444,176 $220,408 $204,449
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