MADISONVILLE-HOPKINS COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 611264426) - 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

Formation Year

1994

Legal Domicile

Principal Officer

BILL RUDD

Phone

2708211939

Tax Period

2023-07-01 to 2024-06-30

MADISONVILLE-HOPKINS COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $642K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $548K left a modest 15% surplus.

Mission

TO MAINTAIN, ENHANCE, IMPROVE, AND ENLARGE THE EMPLOYMENT BASE OF MADISONVILLE AND HOPKINS COUNTY, KENTUCKY.

🔒

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 $514,592

Program Service Revenue $69,320

Investment Income $57,083

Other Revenue $750

TOTAL REVENUE $641,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,590

Fundraising Expenses $0

Program Expenses $368,458

Other Expenses $376,177

TOTAL EXPENSES $547,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$641,745	$566,749	+0.1%
Expenses	$547,767	$521,324	+0.1%
Net Income	$93,978	$45,425	+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

N/A

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
ANDY BACHMAN	DIRECTOR	2.00	Director	$0	$0	$0
BRAD BALDWIN	DIRECTOR	2.00	Director	$0	$0	$0
ALISA COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
JOE COLLINS	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN COTTON	DIRECTOR	2.00	Director	$0	$0	$0
STEVE COX	TREASURER	2.00	Director	$0	$0	$0
ALAN DOCKREY	DIRECTOR	2.00	Director	$0	$0	$0
JASON HAWKINS	CHAIRMAN	2.00	Director	$0	$0	$0
MARVIN HIGHTOWER	DIRECTOR	2.00	Director	$0	$0	$0
ALBERT JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
BRITTANEY JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA KELLEY	VICE CHAIRMA	2.00	Director	$0	$0	$0
BRICE LITTLEPAGE	DIRECTOR	2.00	Director	$0	$0	$0
SKIP MCGAW	DIRECTOR	2.00	Director	$0	$0	$0
LISA MILLER	DIRECTOR	2.00	Director	$0	$0	$0
TONY MOORE	DIRECTOR	2.00	Director	$0	$0	$0
CELESTE MOSCA	DIRECTOR	2.00	Director	$0	$0	$0
RONNIE NOEL	DIRECTOR	2.00	Director	$0	$0	$0
JENNY SEWELL	DIRECTOR	2.00	Director	$0	$0	$0
DEAN SHEETS	DIRECTOR	2.00	Director	$0	$0	$0
FRANK STEVENSON	DIRECTOR	2.00	Director	$0	$0	$0
JASON VINCENT	DIRECTOR	2.00	Director	$0	$0	$0
JACK WHITFIELD	DIRECTOR	2.00	Director	$0	$0	$0
BILL YOUNG	DIRECTOR	2.00	Director	$0	$0	$0
MATT ZOELLNER	DIRECTOR	2.00	Director	$0	$0	$0
BILL RUDD	PRESIDENT	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	No data	No data	No data	No data
2024	$641,745	$547,767	$3,584,394	$93,978
2023	$566,749	$521,324	$3,489,675	$45,425
2022	$590,768	$716,564	$3,449,649	$-125,796
2021	$841,217	$721,939	$3,625,507	$119,278
2020	$1,177,234	$924,295	$3,598,751	$252,939
2019	$561,971	$575,149	$3,359,779	$-13,178
2018	$511,028	$502,709	$3,399,062	$8,319

MADISONVILLE-HOPKINS COUNTY ECONOMIC DEVELOPMENT CORPORATION