KEITH COUNTY AREA DEVELOPMENT INC (EIN 470842182) - 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

JUSTIN HARDIN

Phone

3082846623

Tax Period

2023-01-01 to 2023-12-31

KEITH COUNTY AREA DEVELOPMENT INC, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $579K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $174K, a strong 30% operating margin.

Mission

PROVIDE COORDINATION AND COMMUNICATION WITH BUSINESSES, INDUSTRIES, COMMUNITY ORGANIZATIONS, POLITICAL & CIVIC GROUPS IN KEITH COUNTY

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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 (2023)

Revenue Breakdown

Contributions & Grants $508,110

Program Service Revenue $0

Investment Income $70,674

Other Revenue $0

TOTAL REVENUE $578,784

Expense Breakdown

Grants Paid $41,000

Salaries & Benefits $199,675

Fundraising Expenses $0

Program Expenses $404,790

Other Expenses $164,115

TOTAL EXPENSES $404,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$578,784	$432,503	+0.3%
Expenses	$404,790	$399,903	+0.0%
Net Income	$173,994	$32,600	+4.3%

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

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
JESSOP ADAMS	VICE PRESIDE	2.00	Officer	$0	$0	$0
JUSTIN HARDIN	PRESIDENT	2.00	Officer	$0	$0	$0
MICHAEL TUTTLE	SECRETARY/TR	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
2024	No data	No data	No data	No data
2023	$578,784	$404,790	$1,135,317	$173,994
2022	$432,503	$399,903	$1,058,308	$32,600
2021	$290,666	$243,245	$816,345	$47,421
2020	$235,951	$225,386	$781,487	$10,565
2019	$214,803	$170,655	$1,090,744	$44,148
2018	$232,781	$180,920	$1,052,455	$51,861

KEITH COUNTY AREA DEVELOPMENT INC