AUDUBON AREA COMMUNITY SERVICES INC
Mission Statement
About Audubon Area Community Services Audubon Area Community Services, Inc., headquartered in Owensboro, Kentucky, is a 1975 consolidation of two agencies – one based in Henderson, the other in Owensboro – both founded in 1966. In 1975, the agency served the seven-county Green River area and had approximately $1 million in funding and 65 staff members. Currently the agency serves the 34-county area of Green River, Pennyrile, Barren River and Purchase with over $50 million in funding and 600 employees. Audubon Area is a results-driven agency with established policies, clearly defined responsibilities for staff, sound fiscal and IT systems and the infrastructure necessary to provide services in our regions. area map Audubon Area is the largest of twenty-three community action agencies serving the residents of Kentucky. Community action agencies are federally designated entities originating from President Johnson’s “War on Poverty.” As a community action agency, Audubon Area is a private, nonprofit 501 (c) (3) corporation governed by a tri-partite, twenty-seven member board of directors consisting of the consumers of agency services, elected public officials, and the private sector - business people, educators or representatives of local organizations. The basic functions of our agency is to seek out, identify and work toward mitigating the causes of poverty within the community; to make the community more responsive to the needs and interests of the low-income by mobilizing available resources and instilling a greater institutional sense; and to develop a system of priorities among projects as needed for the most effective and efficient use of resources for services to low-income people.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.4% | 87.5% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.6% | 11.1% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.2% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.8 mo | 6.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
13.1% | 32.8% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
63.3% | 92.7% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-6.4% | 7.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.4% | 6.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
4.1% | 1.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $59.3M | $56.9M | $56.0M | 94.4% | 1038 |
| 2023 | $63.4M | $54.0M | $53.3M | 94.7% | 1056 |
| 2022 | $63.9M | $59.3M | $43.7M | 95.8% | 940 |
| 2021 | $56.8M | $51.5M | N/A | — | 875 |
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