FT MITCHELL, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TRI-COUNTY ECONOMIC DEVELOPMENT FOUNDATION, founded in 1987, is a micro nonprofit that reported $14K in total revenue in fiscal year 2018. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $583K exceeded revenue, resulting in a 4034% operating deficit.
THE MISSION OF THE TRI-COUNTY ECONOMIC DEVELOPMENT FOUNDATION IS TO PROVIDE PRIVATE-SECTOR LEADERSHIP AND RESOURCES TO THE TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION (TRI-ED) IN MARKETING AND PROMOTING THE THREE NORTHERN KENTUCKY COUNTIES ON A NATIONAL AND INTERNATIONAL BASIS, AS A LOCATION FOR NEW OR EXPANDING (1) MANUFACTURING PROJECTS, (2) OFFICE PROJECTS, (3) WAREHOUSE/DISTRIBUTION PROJECTS AND (4) LARGE COMMERCIAL AND SERVICE PROJECTS. TRI-ED PROVIDES DIRECT ASSISTANCE TO LOCAL INDUSTRIES TO ASSIST WITH RETENTION AND EXPANSION NEEDS. TRI-ED WORKS WITH THE LOCAL COMMUNITIES TO DEVELOP THE RESOURCES AND INFRASTRUCTURE TO SUPPORT ITS ECONOMIC DEVELOPMENT PROGRAM. TRI-ED ALSO PLAYS A SUPPORTIVE ROLE FOR OTHER PUBLIC AGENCIES AND PRIVATE DEVELOPMENT COMPANIES HAVING A COMMON MISSION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2018 | 2017 | Change | |
|---|---|---|---|
| Revenue | $14,107 | $326,210 | -1.0% |
| Expenses | $583,189 | $49,382 | +10.8% |
| Net Income | $-569,082 | $276,828 | -3.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JANE GARVEY | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS PREWITT | CHAIR ELECT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRIS BELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD COLVIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ADAM DAVEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH GIOLANDO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL HALL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAN KRUSE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK PALAZZO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN WHELAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEE CRUME | PRESIDENT | 40.00 |
Officer
|
$0 | $0 | $0 |
| DANIEL TOBERGTE | IMMEDIATE PAST PRESIDENT | 40.00 |
|
$0 | $62,097 | $434,979 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | $14,107 | $583,189 | No data | $-569,082 |
| 2018 | $326,210 | $49,382 | $572,339 | $276,828 |
Compare TRI-COUNTY ECONOMIC DEVELOPMENT FOUNDATION with other nonprofits in Kentucky and across the country.