NELSON COUNTY ECONOMIC DEVELOPMENT… - 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

1998

Legal Domicile

Principal Officer

KIMBERLY M HUSTON

Phone

5023486402

Tax Period

2023-07-01 to 2024-06-30

Mission

TO PROMOTE ECONOMIC DEVELOPMENT AND ATTRACT AND RETAIN INDUSTRIES.

Program Service Accomplishments

Program 1

EXPENSES OF THE ORGANIZATION ARE REPORTED ON PART IX PAGE 10. THE ORGANIZATION EXEPNSES ARE NECESSARY TO MAINTAIN CURRENT INDUSTRIAL BUSINESS AND CONTINUE TO ATTRACT INDUSTGRIES FOR THE ECONOMIC...

EXPENSES OF THE ORGANIZATION ARE REPORTED ON PART IX PAGE 10. THE ORGANIZATION EXEPNSES ARE NECESSARY TO MAINTAIN CURRENT INDUSTRIAL BUSINESS AND CONTINUE TO ATTRACT INDUSTGRIES FOR THE ECONOMIC GROWTH AND EMPLOYMENT OF BARDSTOWN AND NELSON COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$531,276	-1.0%
Expenses	N/A	$569,603	-1.0%
Net Income	N/A	$-38,327	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	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY HUSTON	PRESIDENT	40.00	Officer	$0	$0	$0
DEAN WATTS	DIRECTOR	1.00	Director	$0	$0	$0
DICK HEATON	DIRECTOR	1.00	Director	$0	$0	$0
CHAD MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BALLARD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DOWNS	DIRECTOR	1.00	Director	$0	$0	$0
BILL MCCLOSKEY	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY HIGDON	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$531,276	$569,603	$118,021	$-38,327
2022	$435,039	$443,730	$140,061	$-8,691
2021	$310,713	$304,734	$188,272	$5,979
2020	$246,199	$241,951	$127,434	$4,248
2019	$340,922	$354,466	$187,645	$-13,544

NELSON COUNTY ECONOMIC DEVELOPMENT AGENCY INC