BOWLING GREEN AREA ECONOMIC DEVELOPMENT AUTHORITY INC (EIN 611329659) - 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

1998

Legal Domicile

Principal Officer

RON BUNCH

Phone

2707813200

Tax Period

2024-01-01 to 2024-12-31

BOWLING GREEN AREA ECONOMIC DEVELOPMENT AUTHORITY INC, founded in 1998, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 13% surplus.

Mission

THE EDA WAS ORGANIZED TO PROVIDE RESOURCES WITH AN ECONOMIC DEVELOPMENT VISION TO SEEK AND ASSIST IN ESTABLISHING INDUSTRIAL PARKS BY OFFERING INCENTIVE PACKAGES AND CREATING A TEAM FOR ONGOING COMMUNITY DEVELOPMENT IN THE SOUTH CENTRAL KENTUCKY 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 $187,500

Program Service Revenue $764,634

Investment Income $147,844

Other Revenue $72,550

TOTAL REVENUE $1,172,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,023,981

TOTAL EXPENSES $1,023,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,172,528	$1,120,837	+0.0%
Expenses	$1,023,981	$1,007,745	+0.0%
Net Income	$148,547	$113,092	+0.3%

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
RON BUNCH	CEO	10.00	Officer Director	$0	$0	$0
BRAD HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
GREG BURRELL	DIRECTOR	1.00	Director	$0	$0	$0
DANNY BERTOTTI	DIRECTOR	1.00	Director	$0	$0	$0
KIM THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
ALEX DOWNING	DIRECTOR	1.00	Director	$0	$0	$0
CLAY PENDLETON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
ALEX NOTTMEIER	DIRECTOR	1.00	Director	$0	$0	$0
ANN PUCKETT	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS KELLER	DIRECTOR	1.00	Director	$0	$0	$0
GAINES PENN	DIRECTOR	1.00	Director	$0	$0	$0
BRENT CHILDERS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MEFFORD	DIRECTOR	1.00	Director	$0	$0	$0
TODD MATTHEWS	CHAIR	1.00	Officer Director	$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
2024	$1,172,528	$1,023,981	$8,907,856	$148,547
2023	$1,120,837	$1,007,745	$8,754,370	$113,092
2022	$707,153	$1,005,716	$8,693,334	$-298,563
2021	$1,757,615	$836,997	$8,997,168	$920,618
2020	$1,757,752	$892,865	$8,078,721	$864,887
2019	$1,094,026	$941,815	$7,205,028	$152,211
2018	$897,139	$896,899	$7,001,794	$240

BOWLING GREEN AREA ECONOMIC DEVELOPMENT AUTHORITY INC