BELL CO ECONOMIC DEVELOPMENT FDTN INC

EIN: 611101518

MIDDLESBORO, KY

Total Revenue
$-632,573
Total Expenses
$110,142
Total Assets
$1,532,476
Net Assets
$1,532,476
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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
KY
Principal Officer
PAUL BRYANT
Phone
6062489537
Tax Period
2022-07-01 to 2023-06-30

BELL CO ECONOMIC DEVELOPMENT FDTN INC, founded in 1986, is a micro nonprofit that reported $633K in total revenue in fiscal year 2022. Revenue fell 344% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE BUSINESS AND ECONOMIC DEVELOPMENT IN BELL COUNTY KENTUCKY WITH THE GOAL OF HAVING NEW CORPORATIONS ESTABLISH FACILITIES WITHIN BELL COUNTY.

Program Service Accomplishments

Program 1
Expenses: $109,392 Revenue: $42,700

TO PROMOTE BUSINESS AND ECONOMIC DEVELOPMENT IN BELL COUNTY KENTUCKY. TWO BUSINESSES RECEIVED A DIRECT BENEFIT FROM THE SERVICES PROVIDED.

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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 $0
Program Service Revenue $42,700
Investment Income $-675,273
Other Revenue $0
TOTAL REVENUE $-632,573

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $109,392
Other Expenses $110,142
TOTAL EXPENSES $110,142

Year-over-Year Comparison

2022 2021 Change
Revenue $-632,573 $259,303 -3.4%
Expenses $110,142 $115,663 0.0%
Net Income $-742,715 $143,640 -6.2%
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

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Governance

Voting Members
11
Independent Members
11
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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR VIC ADAMS PRESIDENT 1.00
Officer Director
$0 $0 $0
PAUL BRYANT TREASURER 1.00
Officer Director
$0 $0 $0
LARRY GRANDEY BOARD MEMBER 0.30
Director
$0 $0 $0
JAY STEELE BOARD MEMBER 0.30
Director
$0 $0 $0
RON GILLEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRIS STOTTS BOARD MEMBER 0.30
Director
$0 $0 $0
JONATHAN EVANS BOARD MEMBER 0.30
Director
$0 $0 $0
MICHAEL SCHNEIDER BOARD MEMBER 0.30
Director
$0 $0 $0
PAT BINGHAM BOARD MEMBER 0.30
Director
$0 $0 $0
KEN JONES BOARD MEMBER 0.30
Director
$0 $0 $0
ED HARRIS EXECUTIVE DIRECTOR 1.00
Officer 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $-632,573 $110,142 $1,532,476 $-742,715
2022 $259,303 $115,663 $2,275,191 $143,640
2021 $72,049 $90,196 $2,131,551 $-18,147
2020 $106,784 $173,918 $2,149,698 $-67,134
2019 $226,854 $145,010 $2,216,832 $81,844
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