MCCREARY COUNTY HERITAGE FOUNDATIO… - Form 990 Financial Data

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

RAY MONCRIEF

Phone

6063765330

Tax Period

2023-01-01 to 2023-12-31

MCCREARY COUNTY HERITAGE FOUNDATION INC, founded in 1988, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.7M left a modest 6% surplus.

Mission

TO PRESERVE THE HERITAGE OF MCCREARY COUNTY, KENTUCKY AND TO PROVIDE EDUCATIONAL AND RECREATIONAL BENEFITS TO THE CITIZENS AND VISITORS OF MCCREARY COUNTY.

Program Service Accomplishments

Program 1

Expenses: $414,564 Revenue: $731,965

THE FOUNDATION OPERATES THE BIG SOUTH FORK SCENIC RAILWAY. THE TRAIN TRAVELS DOWN INTO THE BIG SOUTH FORK RIVER VALLEY AWAY FROM CIVILIZATION, ALONG ROARING MOUNTAIN STREAMS, THROUGH A TUNNEL, AND...

THE FOUNDATION OPERATES THE BIG SOUTH FORK SCENIC RAILWAY. THE TRAIN TRAVELS DOWN INTO THE BIG SOUTH FORK RIVER VALLEY AWAY FROM CIVILIZATION, ALONG ROARING MOUNTAIN STREAMS, THROUGH A TUNNEL, AND ALONG STEEP CLIFF SIDES. IT FINALLY ENTERS THE BIG SOUTH FORK NATIONAL RIVER AND RECREATION AREA JUST BELOW BARTHELL, THE OLDEST COAL CAMP ON THE RAILROAD, WHICH TRACES ITS BEGINNINGS BACK TO 1902. THE TRAIN MAKES A STOPOVER AT BLUE HERON, WHICH IS THE SITE OF A MINE, TIPPLE, AND SURROUNDING CAMP HOUSES WHICH WERE ABONDONED IN 1962. THERE, THE VISITORS CAN TAKE A SELF-GUIDED TOUR. OVER 12500 PASSENGERS EXPERIENCED LIFE IN A COAL CAMP.

Program 2

Expenses: $15,176 Revenue: $16,578

THE FOUNDATION ALSO MANAGES THE STEARNS HISTORICAL DISTRICT, WHICH HOUSES VARIOUS RETAIL STORES AND RESTAURANTS. THIS COMPLEX OF BUILDINGS, RANGING FROM 50 TO 90 YEARS OLD, HAVE SURVIVED NEARLY...

THE FOUNDATION ALSO MANAGES THE STEARNS HISTORICAL DISTRICT, WHICH HOUSES VARIOUS RETAIL STORES AND RESTAURANTS. THIS COMPLEX OF BUILDINGS, RANGING FROM 50 TO 90 YEARS OLD, HAVE SURVIVED NEARLY INTACT. IT ALSO HOUSES THE BSFSR DEPOT, WHICH WAS BUILD IN 1902.

Program 3

Expenses: $25,109 Revenue: $31,912

THE FOUNDATION ALSO MANAGES A MUSEUM, WHICH IS LOCATED IN THE HISTORIC DOWNTOWN DISTRICT OF STEARNS, KY. IT IS HOUSED IN THE OLD STEARNS COAL AND LUMBER COMPANY CORPORATE HEADQUARTERS THAT WAS BUILT...

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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 $434,419

Program Service Revenue $1,352,023

Investment Income $20,300

Other Revenue $29,450

TOTAL REVENUE $1,836,192

Expense Breakdown

Grants Paid $1,130

Salaries & Benefits $327,526

Fundraising Expenses $0

Program Expenses $454,849

Other Expenses $1,405,799

TOTAL EXPENSES $1,734,455

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,836,192	$2,408,457	-0.2%
Expenses	$1,734,455	$1,795,478	0.0%
Net Income	$101,737	$612,979	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Governance

Voting Members

Independent Members

Employees

Volunteers

200

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
JOHN M SANDIDGE	TREASURER	10.00	Officer Director	$0	$0	$0
J C EGNEW	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
RAY MONCRIEF	CHAIRMAN	10.00	Officer Director	$0	$0	$0
ALEX EGNEW	DIRECTOR	1.00	Director	$0	$0	$0
STEVE RICHARDS	DIRECTOR	3.00	Director	$0	$0	$0
BUDDY WILSON	DIRECTOR	3.00	Director	$0	$0	$0
MARY ROSS	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTINA HOLLIS	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN KING	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE TRAMMELL	DIRECTOR	40.00	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	No data	No data	No data	No data
2023	$1,836,192	$1,734,455	$7,864,108	$101,737
2022	$2,408,457	$1,795,478	$7,996,422	$612,979
2021	$1,742,693	$1,452,151	$7,302,941	$290,542
2020	$2,750,172	$1,006,033	$7,007,108	$1,744,139
2019	$1,312,495	$1,200,991	$5,398,346	$111,504
2018	$936,523	$1,298,725	$4,513,911	$-362,202

MCCREARY COUNTY HERITAGE FOUNDATION INC