MARION COUNTY INDUSTRIAL FOUNDATION (EIN 610733728) - 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

1973

Legal Domicile

Principal Officer

BOBBY MILES

Phone

2706926002

Tax Period

2024-01-01 to 2024-12-31

MARION COUNTY INDUSTRIAL FOUNDATION, founded in 1973, is a small nonprofit in the Community Improvement sector that reported $394K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $365K left a modest 7% surplus.

Mission

INDUSTRIAL DEVELOPMENT IN LEBANON AND MARION COUNTY, KENTUCKY

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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 $333,000

Program Service Revenue $0

Investment Income $45,714

Other Revenue $15,238

TOTAL REVENUE $393,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,075

Fundraising Expenses $0

Program Expenses $364,824

Other Expenses $164,749

TOTAL EXPENSES $364,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,952	$715,709	-0.4%
Expenses	$364,824	$718,895	-0.5%
Net Income	$29,128	$-3,186	-10.1%

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
BOBBY MILES	PRESIDENT	N/A	Officer	$0	$0	$0
WILLIAM P THOMPSON	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE SPRAGENS	SECRETARY/TR	N/A	Officer	$0	$0	$0
JOSH EVANS	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTINA MCRAY	DIRECTOR	N/A	Director	$0	$0	$0
DAVID DAUGHERTY	DIRECTOR	N/A	Director	$0	$0	$0
JIMMY HIGDON	DIRECTOR	N/A	Director	$0	$0	$0
JOE SPALDING	DIRECTOR	N/A	Director	$0	$0	$0
DENISE THOMAS	DIRECTOR	N/A	Director	$0	$0	$0
JANET SHECKLES	DIRECTOR	N/A	Director	$0	$0	$0
DR DAVID GEORGE	DIRECTOR	N/A	Director	$0	$0	$0
GARY CRENSHAW	DIRECTOR	N/A	Director	$0	$0	$0
MEILSSA NEWCOMB	DIRECTOR	N/A	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	$393,952	$364,824	$8,275,667	$29,128
2023	$715,709	$718,895	$8,270,751	$-3,186
2022	$726,204	$263,185	$8,394,911	$463,019
2021	$237,307	$329,236	$7,976,362	$-91,929
2020	$382,180	$268,476	$8,091,088	$113,704

MARION COUNTY INDUSTRIAL FOUNDATION