BARDSTOWN INDUSTRIAL DEVELOPMENT CORPORATION (EIN 611008712) - 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

1948

Legal Domicile

Principal Officer

KIMBERLY M HUSTON

Phone

5023486402

Tax Period

2022-07-01 to 2023-06-30

BARDSTOWN INDUSTRIAL DEVELOPMENT CORPORATION, founded in 1948, is a micro nonprofit that reported $95K in total revenue in fiscal year 2022. Net assets of $1.1M represent 135 months of operating reserves.

Mission

TO PROMOTE INDUSTRIAL DEVELOPMENT AND ATTRACT AND RETAIN INDUSTRIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $87,901

Program Service Revenue $0

Investment Income $7,114

Other Revenue $153

TOTAL REVENUE $95,168

Expense Breakdown

Grants Paid $17,784

Salaries & Benefits $54,255

Fundraising Expenses $0

Other Expenses $31,199

TOTAL EXPENSES $103,238

Year-over-Year Comparison

	2022	2021	Change
Revenue	$95,168	$89,243	+0.1%
Expenses	$103,238	$88,357	+0.2%
Net Income	$-8,070	$886	-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
DEAN WATTS	DIRECTOR	1.00	Director	$0	$0	$0
DICK HEATON	DIRECTOR	1.00	Director	$0	$0	$0
REX HOUCK	DIRECTOR	1.00	Director	$0	$0	$0
NIKA MATHIS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LEAR	DIRECTOR	1.00	Director	$0	$0	$0
TIM SHARP	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
FRANK WILSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GREENWELL	DIRECTOR/CHAIRMAN	1.00	Officer Director	$0	$0	$0
BILL SHECKLES	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY M HUSTON	PRESIDENT	40.00	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
2023	$95,168	$103,238	$1,072,770	$-8,070
2022	$89,243	$88,357	$1,082,124	$886
2021	$96,902	$94,901	$1,080,148	$2,001
2020	$85,289	$75,779	$1,077,758	$9,510
2019	$582,613	$107,990	$1,068,372	$474,623

BARDSTOWN INDUSTRIAL DEVELOPMENT CORPORATION