UNION COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INC (EIN 453807481) - 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

2007

Legal Domicile

Principal Officer

PAT DONAHUE

Phone

2703899600

Tax Period

2024-07-01 to 2025-06-30

UNION COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INC, founded in 2007, is a micro nonprofit in the Community Improvement sector that reported $64K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 70% operating margin.

Mission

TO AID IN THE ACQUISITION, RETENTION, AND DEVELOPMENT OF LAND FOR INDUSTRIAL AND COMMERCIAL PURPOSES IN KENTUCKY, TO AID IN THE DEVELOPMENT AND PROMOTION OF INDUSTRIAL SITES, PARKS AND SUBDIVISIONS FOR ACCOMODATING INDUSTRIAL AND COMMERCIAL NEEDS; TO PROMOTE AND STIMULATE THE ACQUISITION, RETENTION AND DEVELOPMENT OF LAND FOR INDUSTRIAL AND COMMERCIAL AND COMMERCIAL PURPOSES IN KENTUCKY BY OTHER LOCAL DEVELOPMENT ORGANIZATIONS BOTH PUBLIC AND PRIVATE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $61,611

Investment Income $2,371

Other Revenue $0

TOTAL REVENUE $63,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,720

Other Expenses $19,473

TOTAL EXPENSES $19,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,982	$45,207	+0.4%
Expenses	$19,473	$8,404	+1.3%
Net Income	$44,509	$36,803	+0.2%

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

N/A

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
LINDA BAIRD	DIRECTOR	0.25	Director	$0	$0	$0
BRAD ERVIN	DIRECTOR	0.25	Director	$0	$0	$0
MIKE OBERT	DIRECTOR	0.25	Director	$0	$0	$0
ADAM ONAN	DIRECTOR	0.25	Director	$0	$0	$0
JIM PEAK	DIRECTOR	0.25	Director	$0	$0	$0
JIM RICKETTS	DIRECTOR	0.25	Director	$0	$0	$0
MELISSA COKER	SEC/TREASURE	40.00	Officer	$0	$0	$0
PAT DONAHUE	CHAIRMAN	1.00	Officer	$0	$0	$0
KIM HUMPHREY	VICE-CHAIRMA	1.00	Officer	$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	$63,982	$19,473	$6,107,575	$44,509
2024	$45,207	$8,404	$6,063,066	$36,803
2023	$40,674	$5,899	$6,026,263	$34,775
2022	$51,741	$383,861	$5,991,488	$-332,120
2021	$51,958	$34,523	$6,323,608	$17,435
2020	$50,605	$92,973	$6,306,173	$-42,368
2019	$-1,256,052	$117,415	$6,348,541	$-1,373,467
2018	$607,930	$96,746	$5,558,283	$511,184

UNION COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INC