MOREHEAD ROWAN COUNTY ECONOMIC DEVELOPMENT COUNCIL (EIN 611206371) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

LAURA WHITE-BROWN

Tax Period

2023-07-01 to 2024-06-30

MOREHEAD ROWAN COUNTY ECONOMIC DEVELOPMENT COUNCIL is a small nonprofit that reported $198K in total revenue in fiscal year 2023. Net assets of $2.3M represent 142 months of operating reserves.

Mission

PROMOTE ECONOMIC GROWTH AND DEVELOPMENT IN ROWAN COUNTY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $196,564

Program Service Revenue $0

Investment Income $1,322

Other Revenue $0

TOTAL REVENUE $197,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,531

Fundraising Expenses $0

Other Expenses $100,622

TOTAL EXPENSES $194,153

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,886	$207,822	0.0%
Expenses	$194,153	$256,344	-0.2%
Net Income	$3,733	$-48,522	-1.1%

Key Indicators

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
JOY BROWN	DIRECTOR	N/A	Director	$0	$0	$0
HARRY CLARK	DIRECTOR	N/A	Director	$0	$0	$0
PAUL GOODPASTER	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH MORGAN	DIRECTOR	N/A	Director	$0	$0	$0
JASON SLONE	DIRECTOR	N/A	Director	$0	$0	$0
DONALD LLOYD	VICE CHAIRMA	N/A	Officer	$0	$0	$0
RUSS WARD	CHAIRMAN	N/A	Officer	$0	$0	$0
LAURA WHITE-BROWN	SECRETARY	N/A	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	$197,886	$194,153	$2,335,607	$3,733
2022	$187,909	$121,690	$2,380,188	$66,219
2021	$1,239,206	$149,931	$2,313,319	$1,089,275
2020	$214,395	$194,409	$1,227,608	$19,986
2019	$221,468	$219,518	$1,215,213	$1,950

MOREHEAD ROWAN COUNTY ECONOMIC DEVELOPMENT COUNCIL