ONE EAST KENTUCKY CORPORATION ONE EAST KENTUCKY

EIN: 474557366 501(c)(3) Community Improvement

PAINTSVILLE, KY

Total Revenue
$778,057
Total Expenses
$829,879
Total Assets
$683,400
Net Assets
$675,287
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
KY
Principal Officer
COLBY KIRK
Phone
6068867333
Tax Period
2023-01-01 to 2023-12-31

ONE EAST KENTUCKY CORPORATION ONE EAST KENTUCKY, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $778K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

The exclusive mission of ONE EAST KENTUCKY is to Recruit Industry and Investment JOBSto Eastern Kentucky through the implementation of a 5-Year Economic Development Strategy. ONE EAST KENTUCKY is a 9-County Regional Organization comprised of Private Businesses and local Chambers of Commerce.One East Kentucky is a 501(c)3 non-profit, privately funded regional economic development organization. The nine county area includes: Floyd, Knott, Johnson, Lawrence, Letcher, Magoffin, Martin, Perry and Pike. We are governed by a 13-member board of directors elected by investors of the organization.One East Kentucky champions the economy, markets the region for attraction of new companies, and advocates for economic development on a collective, regional level. The organization began as a partnership of five chambers of commerce Hazard/Perry County Chamber of Commerce, Floyd County Chamber of Commerce, Letcher County Chamber of Commerce, Paintsville/Johnson County Chamber of Commerce and Southeast

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $778,057
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $778,057

Expense Breakdown

Grants Paid $0
Salaries & Benefits $413,420
Fundraising Expenses $0
Program Expenses $829,879
Other Expenses $416,459
TOTAL EXPENSES $829,879

Year-over-Year Comparison

2023 2022 Change
Revenue $778,057 $1,026,242 -0.2%
Expenses $829,879 $877,273 -0.1%
Net Income $-51,822 $148,969 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
N/A
Employees
4
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
1
$138,354
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLBY KIRK President & CEO 40.00
Officer
$138,354 $0 $138,354
W Allen Gillum Director 0.00
Director
$0 $0 $0
Paul Patton Director 0.00
Director
$0 $0 $0
Mark Gooch Secretary/Treas 0.00
Director
$0 $0 $0
Bill Grigsby Director 0.00
Director
$0 $0 $0
Joseph Grossman Director 0.00
Director
$0 $0 $0
Duran Hall Chairman 0.00
Director
$0 $0 $0
Bob Hutchison Director 0.00
Director
$0 $0 $0
Leisha Maynard Director 0.00
Director
$0 $0 $0
Neil Middleton Director 0.00
Director
$0 $0 $0
John Horn Director 0.00
Director
$0 $0 $0
James Ayers Director 0.00
Director
$0 $0 $0
Brett Mattison Director 0.00
Director
$0 $0 $0
Cindy Wiseman Director 0.00
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
2024 No data No data No data No data
2023 $778,057 $829,879 $683,400 $-51,822
2022 $1,026,242 $877,273 $745,258 $148,969
2021 $468,288 $692,249 $615,738 $-223,961
2020 $853,843 $551,311 $884,249 $302,532
2019 $507,310 $674,284 $424,515 $-166,974
2018 $568,438 $620,638 $551,245 $-52,200
Explore More Nonprofits
Top 100 Nonprofits in Kentucky Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ONE EAST KENTUCKY CORPORATION ONE EAST KENTUCKY with other nonprofits in Kentucky and across the country.