NORTHERN KENTUCKY AREA DEVELOPMENT DISTRICT (EIN 610719369) - 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

1971

Legal Domicile

Principal Officer

TARA JOHNSON-NOEM

Phone

8592831885

Tax Period

2024-07-01 to 2025-06-30

NORTHERN KENTUCKY AREA DEVELOPMENT DISTRICT, founded in 1971, is a mid-sized nonprofit in the Community Improvement sector that reported $45.4M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $43.3M left a modest 4% surplus.

Mission

OUR MISSION IS TO ASSIST THE NORTHERN KENTUCKY COMMUNITY IN EFFECTIVELY ENTERING THE 21ST CENTURY THROUGH THE PROVISION OF HIGH QUALITY AND TECHNICALLY ADVANCED STAFF SERVICES TO LOCAL GOVERNMENTS, AGENCIES, AND CITIZENS.

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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 $44,998,995

Investment Income $154,010

Other Revenue $204,409

TOTAL REVENUE $45,357,414

Expense Breakdown

Grants Paid $35,021,115

Salaries & Benefits $5,115,365

Fundraising Expenses $0

Program Expenses $42,292,154

Other Expenses $3,201,220

TOTAL EXPENSES $43,337,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,357,414	$36,222,495	+0.3%
Expenses	$43,337,700	$34,849,019	+0.2%
Net Income	$2,019,714	$1,373,476	+0.5%

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

1484

Volunteers

122

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

$115,122

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARA JOHNSON-NOEM	EXECUTIVE DI	40.00	Officer	$115,122	$0	$115,122

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	$45,357,414	$43,337,700	$15,508,252	$2,019,714
2024	$36,222,495	$34,849,019	$14,939,798	$1,373,476
2023	$29,907,326	$29,138,597	$12,728,151	$768,729
2022	$23,919,138	$23,478,650	$12,601,851	$440,488
2021	$22,665,978	$22,532,557	$11,188,651	$133,421
2020	$20,054,674	$21,260,418	$10,164,029	$-1,205,744
2019	$18,944,692	$19,883,093	$10,046,815	$-938,401
2018	$18,994,264	$19,707,782	$10,747,940	$-713,518

NORTHERN KENTUCKY AREA DEVELOPMENT DISTRICT