Appalachian Commerce & Development

EIN: 881910496 501(c)(3) Community Improvement

Worthington, KY

Total Revenue
$265,166
Total Expenses
$438,996
Total Assets
$167,935
Net Assets
$-233,331
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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
2022
Legal Domicile
KY
Phone
6068314243
Tax Period
2024-01-01 to 2024-12-31

Appalachian Commerce & Development, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $265K in total revenue in fiscal year 2024. Expenses of $439K exceeded revenue, resulting in a 66% operating deficit.

Mission

The mission is to grow the regional economy and quality of life by providing resources for job development, business creation, expansion, retention, new business recruitment, and community development.

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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 $7,741
Program Service Revenue $259,135
Investment Income $30
Other Revenue $-1,740
TOTAL REVENUE $265,166

Expense Breakdown

Grants Paid $148
Salaries & Benefits $143,868
Fundraising Expenses $0
Program Expenses $438,996
Other Expenses $294,980
TOTAL EXPENSES $438,996

Year-over-Year Comparison

2024 2023 Change
Revenue $265,166 N/A N/A
Expenses $438,996 N/A N/A
Net Income $-173,830 N/A N/A
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
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kristie Patterson President 1.00
Officer Director
$0 $0 $0
Lori McCoy Vice President 1.00
Officer Director
$0 $0 $0
Alona Gilliam Vice President 1.00
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 $265,166 $438,996 $167,935 $-173,830
2023 $50,477 $131,551 $90,277 $-81,074
2022 $29,107 $7,534 $21,573 $21,573
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