KENTUCKY COUNCIL OF AREA DEVELOPME… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

CASEY ELLIS

Phone

5028752515

Tax Period

2024-07-01 to 2025-06-30

KENTUCKY COUNCIL OF AREA DEVELOPMENT DISTRICTS INC, founded in 1964, is a small nonprofit that reported $256K in total revenue in fiscal year 2024. Expenses of $289K exceeded revenue, resulting in a 13% operating deficit.

Mission

KENTUCKY COUNCIL OF AREA DEVELOPMENT DISTRICT (KCADD) HAS BEEN ORGANIZED TO COORDINATE AND ORGANIZE THE ACTIVITIES OF THE 16 KENTUCKY AREA DEVELOPMENT DISTRICTS WHICH HAVE THE SAME MISSION FOR KENTUCKY LOCAL GOVERNMENTS ON A REGIONAL BASIS.

Program Service Accomplishments

Program 1

Expenses: $208,452 Revenue: $21,911

CENTRAL OFFICE OF AREA DEVELOPMENT DISTRICTS WHICH PROMOTES THE ADD'S IN KENTUCKY AS WELL AS PROMOTING LEGISLATION WHICH ENHANCES THE INVOLVEMENT OF LOCAL ADD'S IN THEIR AREAS.

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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 $234,317

Program Service Revenue $0

Investment Income $19,478

Other Revenue $2,433

TOTAL REVENUE $256,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,915

Fundraising Expenses $0

Program Expenses $208,452

Other Expenses $110,901

TOTAL EXPENSES $288,816

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,228	$253,448	+0.0%
Expenses	$288,816	$258,979	+0.1%
Net Income	$-32,588	$-5,531	+4.9%

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

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

$94,605

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW WIREMAN	CHAIR	0.00	Director	$0	$0	$0
KEVIN COTTON	1ST VICE CHAIR	0.00	Director	$0	$0	$0
OBREY GRITTON	2ND VICE CHAIR	0.00	Director	$0	$0	$0
PENNY ROBINSON	SECRETARY	0.00	Director	$0	$0	$0
HAROLD SLONE	TREASURER	0.00	Director	$0	$0	$0
RICK STILTNER	PAST CHAIR	0.00	Director	$0	$0	$0
CASEY ELLIS	EXECUTIVE DIRECTOR	40.00	Officer	$94,605	$0	$94,605

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	$256,228	$288,816	$637,686	$-32,588
2024	$253,448	$258,979	$668,865	$-5,531
2023	$176,853	$242,147	$671,223	$-65,294
2022	$236,461	$243,650	$735,273	$-7,189
2021	$355,099	$235,013	$744,649	$120,086
2020	$237,024	$239,783	$623,836	$-2,759
2019	$197,138	$189,234	$625,636	$7,904

KENTUCKY COUNCIL OF AREA DEVELOPMENT DISTRICTS INC