Horse Cave Development Corporation (EIN 203758039) - 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

2006

Legal Domicile

Principal Officer

KENNETH RUSSELL

Tax Period

2021-09-01 to 2022-08-31

Horse Cave Development Corporation, founded in 2006, is a small nonprofit that reported $115K in total revenue in fiscal year 2021. Revenue surged 1811% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 63% operating margin.

Mission

TO ENGAGE IN ALL ASPECTS OF REVITALIZATION AND DEVELOPMENT OF HISTORICAL AND COMMERCIAL AREAS OF HORSE CAVE, KY

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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 (2021)

Revenue Breakdown

Contributions & Grants $87,784

Program Service Revenue $0

Investment Income $-8,562

Other Revenue $35,440

TOTAL REVENUE $114,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,965

Other Expenses $42,405

TOTAL EXPENSES $42,405

Year-over-Year Comparison

	2021	2020	Change
Revenue	$114,662	$6,000	+18.1%
Expenses	$42,405	$6,189	+5.9%
Net Income	$72,257	$-189	-383.3%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BILLY ANDREWS	DIRECTOR	Director	$0	$0	$0
GERALD MATERA	SECRETARY	Director	$0	$0	$0
DAVID DESPAIN	DIRECTOR	Director	$0	$0	$0
DAVID SHADBURNE	DIRECTOR	Director	$0	$0	$0
DAVID HOUK	VICE PRESIDENT	Officer Director	$0	$0	$0
KENNETH RUSSELL	PRESIDENT	Officer Director	$0	$0	$0
SANDRA WILSON	TREASURER	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
2022	$114,662	$42,405	No data	$72,257
2021	$6,000	$6,189	$79,602	$-189

Horse Cave Development Corporation