Appalachian Assistive Technology Loan Fund Inc

Nonprofit profile at a glance

EIN
861763469
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
King of Prussia, PA, USA
Phone
4846740506
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Centers to Support the Independence of Specific Populations

Reported finances

Revenue
$747,964
Expenses
$486,698
Assets
$4,154,252
Liabilities
$913,546

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • SUSAN TACHAU (PRESIDENT)
  • WILL HALL (CEO-PATF & E.D. AATLF AS OF AUGUST)

Highest reported compensation

  • WILL HALL (CEO-PATF & E.D. AATLF AS OF AUGUST): $77,798 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of aatlf is to advance community inclusion for people with disabilities in the appalachian region. We achieve this by providing financing and financial education that expands access to assistive technology (at) and supports long-term economic stability.

What it reported doing in 2024

The appalachian assistive technology loan fund (aatlf) was founded in 2021 as a non-profit organization to provide access to assistive technology devices and services through low or no-interest loans to individuals with disabilities and their families who live in a state within the appalachian region for the purpose of gaining greater independence, productivity, and inclusion in the community. Aatlf is a federally certified community development financial institution (cdfi) and a state-accredited cdfi. Aatlf is a subsidiary of Pennsylvania assistive technology foundation.

Operating model

Revenue model
Grant-funded. 89% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.2%; rating input score 88
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 34.9%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 8.54; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 3%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 59.6% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 63.2% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 22.2% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 88.2% of revenue deployed · 100% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $487K in reported program spending
  • Leadership: top reported pay $78K · 10 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.