SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC (EIN 611097619) - 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

1986

Legal Domicile

Principal Officer

BRETT TRAVER

Phone

6066776100

Tax Period

2023-07-01 to 2024-06-30

SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2023. Expenses of $2.2M left a modest 12% surplus.

Mission

TO FACILITATE THE ECONOMIC GROWTH AND DEVELOPMENT OF THE SOUTHERN KENTUCKY REGION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $987,376

Program Service Revenue $1,103,906

Investment Income $429,011

Other Revenue $40,958

TOTAL REVENUE $2,561,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,038,504

Fundraising Expenses $0

Program Expenses $1,722,553

Other Expenses $1,208,886

TOTAL EXPENSES $2,247,390

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,561,251	$2,403,223	+0.1%
Expenses	$2,247,390	$1,994,387	+0.1%
Net Income	$313,861	$408,836	-0.2%

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
CAROL WRIGHT	PRESIDENT	2.00	Officer Director	$0	$0	$0
TIM BARNES	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DAVID BLAKEMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
BRUCE CARPENTER	TREASURER	2.00	Director	$0	$0	$0
COREY CRAIG	DIRECTOR	2.00	Director	$0	$0	$0
CHARLENE HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER LINDON	DIRECTOR	2.00	Director	$0	$0	$0
DARRYL MCGAHA	DIRECTOR	2.00	Director	$0	$0	$0
VIRGINIA FLANAGAN	DIRECTOR	2.00	Director	$0	$0	$0
STEVE ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
DARYL SMITH	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA CLARK	DIRECTOR	2.00	Director	$0	$0	$0
BRETT TRAVER	EXECUTIVE DI	40.00	Highest	$180,653	$32,700	$213,353
BOB BURGESS	DIRECTOR OF	40.00	Highest	$133,900	$23,052	$156,952

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	$2,561,251	$2,247,390	$30,344,227	$313,861
2023	$2,403,223	$1,994,387	$28,639,191	$408,836
2022	$3,726,346	$2,381,766	$28,123,081	$1,344,580
2021	$3,649,042	$2,282,118	$25,814,472	$1,366,924
2020	$2,793,965	$2,563,888	$24,214,233	$230,077
2019	$1,655,461	$1,717,896	$23,300,793	$-62,435
2018	$1,794,249	$1,715,116	$23,989,118	$79,133

SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC