GREATER OWENSBORO ECONOMIC DEVELOPMENT CORPORATION (EIN 611254984) - 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

1993

Legal Domicile

Principal Officer

CLAUDE BACON

Phone

2709264339

Tax Period

2024-07-01 to 2025-06-30

GREATER OWENSBORO ECONOMIC DEVELOPMENT CORPORATION, founded in 1993, is a small nonprofit that reported $633K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

THE PROMOTION, ENCOURAGEMENT, AND SOLICITATION OF NEW AND EXPANDED INDUSTRIAL FACILITIES IN THE OWENSBORO-DAVIESS COUNTY AREA

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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 (2024)

Revenue Breakdown

Contributions & Grants $626,386

Program Service Revenue $0

Investment Income $7,044

Other Revenue $0

TOTAL REVENUE $633,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $434,107

Other Expenses $673,929

TOTAL EXPENSES $673,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$633,430	$527,619	+0.2%
Expenses	$673,929	$554,575	+0.2%
Net Income	$-40,499	$-26,956	+0.5%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON GULLEY	DIRECTOR	0.00	Director	$0	$0	$0
NATE PAGAN	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN CARRICO	DIRECTOR	0.00	Director	$0	$0	$0
CHARLIE CASTLEN	DIRECTOR	0.00	Director	$0	$0	$0
CHARLES CREW	DIRECTOR	0.00	Director	$0	$0	$0
KEITH ELLIS	DIRECTOR	0.00	Director	$0	$0	$0
JOE MEYER	DIRECTOR	0.00	Director	$0	$0	$0
RACHAEL FAULKNER	DIRECTOR	0.00	Director	$0	$0	$0
AMY JACKSON	DIRECTOR	0.00	Director	$0	$0	$0
WADE JENKINS	DIRECTOR	0.00	Director	$0	$0	$0
SUZY LAMAR	DIRECTOR	0.00	Director	$0	$0	$0
TIM LYONS	DIRECTOR	0.00	Director	$0	$0	$0
MARK MARSH	DIRECTOR	0.00	Director	$0	$0	$0
MARK MARTIN	DIRECTOR	0.00	Director	$0	$0	$0
WAYNE MATTINGLY	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT MCCAIN	DIRECTOR	0.00	Director	$0	$0	$0
MARK SISSON	DIRECTOR	0.00	Director	$0	$0	$0
RODNEY ELLIS	DIRECTOR	0.00	Director	$0	$0	$0
WILL MOUNTS	DIRECTOR	0.00	Director	$0	$0	$0
ZAK KISSEL	DIRECTOR	0.00	Director	$0	$0	$0
JOE SCHEPERS	DIRECTOR	0.00	Director	$0	$0	$0
AUSTIN SWOPE	DIRECTOR	0.00	Director	$0	$0	$0
TOM WATSON	DIRECTOR	0.00	Director	$0	$0	$0
BRIAN WRIGHT	DIRECTOR	0.00	Director	$0	$0	$0
CLAY ELLERBROOK	DIRECTOR	0.00	Director	$0	$0	$0
ANGIE MORRISON	DIRECTOR	0.00	Director	$0	$0	$0
JAMES COUSINS	DIRECTOR	0.00	Director	$0	$0	$0
CLAUDE BACON	PRESIDENT/CEO	40.00	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	$633,430	$673,929	$170,490	$-40,499
2024	$527,619	$554,575	$327,239	$-26,956
2023	$656,295	$1,121,829	$459,025	$-465,534
2022	$662,087	$758,769	$799,196	$-96,682
2021	$590,328	$615,217	$893,365	$-24,889
2020	$552,890	$598,797	$924,257	$-45,907
2019	$635,376	$560,275	$994,041	$75,101
2018	$770,109	$716,985	$877,684	$53,124

GREATER OWENSBORO ECONOMIC DEVELOPMENT CORPORATION