PRESTONSBURG ECONOMIC DEVELOPMENT (EIN 611326954) - 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

2004

Legal Domicile

Phone

6064349478

Tax Period

2025-01-01 to 2025-12-31

PRESTONSBURG ECONOMIC DEVELOPMENT, founded in 2004, is a micro nonprofit that reported $27K in total revenue in fiscal year 2025. Expenses of $35K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE ORGANIZATIONS PRIMARY MISSION IS TO PERFORM INDUSTRIAL DEVELOPMENT THAT WILL IMPROVE THE COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $13,365

Other Revenue $13,999

TOTAL REVENUE $27,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $35,429

TOTAL EXPENSES $35,429

Year-over-Year Comparison

	2025	2024	Change
Revenue	$27,364	N/A	N/A
Expenses	$35,429	N/A	N/A
Net Income	$-8,065	N/A	N/A

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	Role	Reportable Comp	Other Comp	Total
PAUL P HUGHES	DIRECTOR	Director	$0	$0	$0
DAVID ELLIS	DIRECTOR	Director	$0	$0	$0
EDWARD R NAIRN	DIRECTOR	Director	$0	$0	$0
BEAU SPURLOCK	DIRECTOR	Director	$0	$0	$0
LLOYD STAPLETON	DIRECTOR	Director	$0	$0	$0
ESTILL L CARTER	DIRECTOR	Director	$0	$0	$0
GREG WILSON	DIRECTOR	Director	$0	$0	$0
BURL W SURLOCK	DIRECTOR	Director	$0	$0	$0
JOSH TURNER	DIRECTOR	Director	$0	$0	$0
THOMAS NAIRN	PRESIDENT	Officer	$0	$0	$0
ROBERT R ALLEN II	SECRETARYTREASUER	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	$27,364	$35,429	$653,218	$-8,065
2024	$24,728	$18,603	$661,283	$6,125
2023	$17,288	$38,662	$999,496	$-21,374
2022	$17,297	$26,060	$1,015,375	$-8,763
2021	$15,543	$26,240	$1,035,295	$-10,697
2020	$24,602	$20,701	$1,045,992	$3,901
2019	$14,663	$30,394	$1,042,092	$-15,731

PRESTONSBURG ECONOMIC DEVELOPMENT