Graves County Economic Development Inc

EIN: 311027582 501(c)(3) Community Improvement

Mayfield, KY

Total Revenue
$1,841,300
Total Expenses
$572,447
Total Assets
$7,819,175
Net Assets
$6,933,451
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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
1981
Legal Domicile
KY
Phone
2702470626
Tax Period
2019-07-01 to 2020-06-30

Graves County Economic Development Inc, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2019. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 69% operating margin.

Mission

TO ACTIVELY SEARCH FOR NEW COMPANIES AND INDUSTRIES TO LOCATE IN THE MAYFIELD, KY AND GRAVES COUNTY, KY AREA FOR ECONOMIC 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 (2019)

Revenue Breakdown

Contributions & Grants $1,717,932
Program Service Revenue $0
Investment Income $67,384
Other Revenue $55,984
TOTAL REVENUE $1,841,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $340,998
Fundraising Expenses $0
Program Expenses $518,860
Other Expenses $231,449
TOTAL EXPENSES $572,447

Year-over-Year Comparison

2019 2018 Change
Revenue $1,841,300 $2,753,596 -0.3%
Expenses $572,447 $711,956 -0.2%
Net Income $1,268,853 $2,041,640 -0.4%
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
24
Independent Members
24
Employees
3
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ryan Drane President 40.00
Director
$0 $0 $0
See List of Board Members Board 0.50
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
2025 No data No data No data No data
2024 No data No data No data No data
2020 $1,841,300 $572,447 $7,819,175 $1,268,853
2019 $2,753,596 $711,956 $5,887,237 $2,041,640
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