BACKROADS OF APPALACHIA INC (EIN 844276436) - 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

2020

Legal Domicile

Principal Officer

JIMMIE ERIK HUBBARD

Phone

4232931712

Tax Period

2023-01-01 to 2023-12-31

BACKROADS OF APPALACHIA INC, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 144% from the prior year, signaling strong growth momentum. The organization ran a surplus of $263K, a strong 24% operating margin.

Mission

BACKROADS OF APPALACHIA IS A NON-PROFIT ORGANIZATION WITH A MISSION TO PROVIDE NEW ECONOMIC OPPORTUNITIES WITHIN THE COMMUNITIES OF EASTERN 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 $946,968

Program Service Revenue $150,026

Investment Income $0

Other Revenue $20,247

TOTAL REVENUE $1,117,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,669

Fundraising Expenses $5,290

Program Expenses $727,781

Other Expenses $489,317

TOTAL EXPENSES $854,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,117,241	$458,550	+1.4%
Expenses	$854,276	$365,470	+1.3%
Net Income	$262,965	$93,080	+1.8%

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

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

$178,602

Total Directors

$38,666

Key Employees

$146,602

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMIE ERIK HUBBARD	EXECUTIVE DIRECTOR	40	Officer Key Emp	$146,602	$0	$146,602
TERRY BINGHAM	BOARD MEMBER/TREASURER	20	Officer Director	$32,000	$0	$32,000
JIM WILLS	BOARD MEMBER	5	Director	$3,333	$0	$3,333
CHRIS STURGILL	BOARD MEMBER	5	Director	$3,333	$0	$3,333
BRAD GATES	BOARD MEMBER	5	Director	$0	$0	$0
JAY FRYMAN	BOARD MEMBER	5	Director	$0	$0	$0
JOSH REDDEN	BOARD MEMBER	5	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	$1,117,241	$854,276	$398,505	$262,965
2022	$458,550	$365,470	$108,147	$93,080
2021	$116,271	$105,475	$16,186	$10,796
2020	$61,716	$57,874	$5,178	$3,842

BACKROADS OF APPALACHIA INC