FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION

EIN: 611057380 501(c)(3) Community Improvement

LEXINGTON, KY

Total Revenue
$670,898
Total Expenses
$692,306
Total Assets
$7,349,398
Net Assets
$1,207,262
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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
1981
Legal Domicile
KY
Principal Officer
PORTER G PEEPLES
Phone
8592331561
Tax Period
2022-07-01 to 2023-06-30

FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $671K in total revenue in fiscal year 2022.

Mission

TO IMPROVE ECONOMIC DEVELOPMENT WITH PRIMARY FOCUS ON THE DEVELOPMENT OF AFFORDABLE HOUSING.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $25,000
Program Service Revenue $495,551
Investment Income $54,640
Other Revenue $95,707
TOTAL REVENUE $670,898

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $659,494
Other Expenses $692,306
TOTAL EXPENSES $692,306

Year-over-Year Comparison

2022 2021 Change
Revenue $670,898 $654,818 +0.0%
Expenses $692,306 $611,823 +0.1%
Net Income $-21,408 $42,995 -1.5%
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

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Governance

Voting Members
12
Independent Members
9
Employees
N/A
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
2
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PORTER G PEEPLES SR PRESIDENT 20.00
Officer Director
$0 $0 $0
DENISE BROWN BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN LOGAN BOARD MEMBER 2.00
Director
$0 $0 $0
SHERRY FIELDS BOARD MEMBER 2.00
Director
$0 $0 $0
LARRY FORESTER BOARD MEMBER 2.00
Director
$0 $0 $0
EBONY WILLIAMS BOARD MEMBER 2.00
Director
$0 $0 $0
ABDUL MUHAMMAD BOARD MEMBER 2.00
Director
$0 $0 $0
RAYMOND SMITH BOARD MEMBER 2.00
Director
$0 $0 $0
KEITH JONES BOARD MEMBER 2.00
Director
$0 $0 $0
TASHA WHITE BOARD MEMBER 2.00
Director
$0 $0 $0
TIMOTHY ELERY BOARD MEMBER 2.00
Director
$0 $0 $0
NORMAN P FRANKLIN AUTHORIZED OFFICER 0.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $670,898 $692,306 $7,349,398 $-21,408
2022 $654,818 $611,823 $7,578,753 $42,995
2021 $649,620 $685,827 $7,740,919 $-36,207
2020 $569,518 $608,604 $7,771,270 $-39,086
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