Graves County Economic Development… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

Expenses: $518,860

To actively search for new industry to locate in the Graves County, Kentucky 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%)

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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

Graves County Economic Development Inc