KENTUCKY RIVER AREA DEVELOPMENT DISTRICT (EIN 610675786) - 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

1969

Legal Domicile

Principal Officer

MICHELLE ALLEN

Phone

6064363158

Tax Period

2024-07-01 to 2025-06-30

KENTUCKY RIVER AREA DEVELOPMENT DISTRICT, founded in 1969, is a mid-sized nonprofit that reported $25.7M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $23.6M left a modest 8% surplus.

Mission

KRADD SERVES AS A REGIONAL FORUM, NETWORKING WITH APPROPRIATE GROUPS TO IMPROVE THE QUALITY OF LIFE FOR THE CITIZENS OF THE REGION. THE AGENCY PROVIDES PROFESSIONAL ASSISTANCE, LEADERSHIP, AND PLANNING TO REGIONAL COMMUNITIES.

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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 $4,159,792

Program Service Revenue $21,503,457

Investment Income $16,464

Other Revenue $0

TOTAL REVENUE $25,679,713

Expense Breakdown

Grants Paid $639,793

Salaries & Benefits $20,378,183

Fundraising Expenses $0

Program Expenses $22,591,752

Other Expenses $2,620,167

TOTAL EXPENSES $23,638,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,679,713	$20,431,469	+0.3%
Expenses	$23,638,143	$19,854,492	+0.2%
Net Income	$2,041,570	$576,977	+2.5%

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

117

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

$102,931

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDGE JEFF DOBSON	DIRECTOR	0.01	Director	$0	$0	$0
CRAIG LINDON	CHAIRMAN	0.01	Officer Director	$0	$0	$0
LONNIE BREWER	SECRETARY	0.01	Officer Director	$0	$0	$0
JUDGE JEFF NOBLE	VICE CHAIRMAN	0.01	Officer Director	$0	$0	$0
MAYOR NELSON BOBROWSKI	TREASURER	0.01	Officer Director	$0	$0	$0
JUDGE RAYMOND BANKS	DIRECTOR	0.01	Director	$0	$0	$0
JUDGE SCOTT ALEXANDER	DIRECTOR	0.01	Director	$0	$0	$0
JUDGE STEVE MAYS JR	DIRECTOR	0.01	Director	$0	$0	$0
JDUGE TERRY ADAMS	DIRECTOR	0.01	Director	$0	$0	$0
JUDGE WILLIAM LEWIS	DIRECTOR	0.01	Director	$0	$0	$0
JUDGE ZEKE LITTLE JR	PARLIAMENTARIAN	0.01	Officer Director	$0	$0	$0
MAYOR CARROL JOSEPH	DIRECTOR	0.01	Director	$0	$0	$0
MAYOR DONALD HAPPY MOBELINI	DIRECTOR	0.01	Director	$0	$0	$0
MAYOR KATHI MAY	DIRECTOR	0.01	Director	$0	$0	$0
MAYOR LAURA THOMAS	DIRECTOR	0.01	Director	$0	$0	$0
MAYOR SIMMIE RAY BOWLING	DIRECTOR	0.01	Director	$0	$0	$0
MAYOR RICKY BURKE	DIRECTOR	0.01	Director	$0	$0	$0
MAYOR SCOTT CORNETT	DIRECTOR	0.01	Director	$0	$0	$0
MAYOR SCOTT JACKSON	DIRECTOR	0.01	Director	$0	$0	$0
MAYOR TIFFANY CRAFT	DIRECTOR	0.01	Director	$0	$0	$0
MAYOR TODD DEPRIEST	DIRECTOR	0.01	Director	$0	$0	$0
MAYOR TRISH HALL	DIRECTOR	0.01	Director	$0	$0	$0
BOBBY MAYES	DIRECTOR	0.01	Director	$0	$0	$0
DERRICK BOWLING	DIRECTOR	0.01	Director	$0	$0	$0
EUGENIA STEWART NAPIER	DIRECTOR	0.01	Director	$0	$0	$0
FRED HALL	DIRECTOR	0.01	Director	$0	$0	$0
BENNY MCCALL	DIRECTOR	0.01	Director	$0	$0	$0
GARRY CAMPBELL	DIRECTOR	0.01	Director	$0	$0	$0
PAUL OLINGER	DIRECTOR	0.01	Director	$0	$0	$0
HAROLD WATLEY	DIRECTOR	0.01	Director	$0	$0	$0
HIRAM CORNETT	DIRECTOR	0.01	Director	$0	$0	$0
JESSICA BUTLER IACONO	DIRECTOR	0.01	Director	$0	$0	$0
LARRY PARKE	DIRECTOR	0.01	Director	$0	$0	$0
LARRY PERKINS	DIRECTOR	0.01	Director	$0	$0	$0
MERIWETHER WASH-HALL	DIRECTOR	0.01	Director	$0	$0	$0
PAM PILGRIM	DIRECTOR	0.01	Director	$0	$0	$0
DREWEY LOVINS	DIRECTOR	0.01	Director	$0	$0	$0
SUSAN HARLEY	DIRECTOR	0.01	Director	$0	$0	$0
DAVID LYONS	DIRECTOR	0.01	Director	$0	$0	$0
MICHELLE ALLEN	EXECUTIVE DIRECTOR	40.00	Director	$102,931	$0	$102,931

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	$25,679,713	$23,638,143	$8,113,683	$2,041,570
2024	No data	No data	No data	No data
2023	$6,007,276	$6,295,145	$5,945,545	$-287,869
2022	$5,574,327	$5,420,606	$5,754,107	$153,721
2021	$4,838,342	$5,160,679	$5,857,667	$-322,337
2020	$4,516,237	$4,904,678	$5,722,355	$-388,441
2019	$4,870,949	$5,460,135	$5,668,090	$-589,186
2018	$5,318,955	$6,032,376	$6,016,508	$-713,421

KENTUCKY RIVER AREA DEVELOPMENT DISTRICT