BIG SANDY REGIONAL INDUSTRIAL DEVELOPMENT AUTHORITY INC

EIN: 611338845 501(c)(3) Community Improvement

PRESTONSBURG, KY

Total Revenue
$1,852,338
Total Expenses
$433,101
Total Assets
$4,457,592
Net Assets
$3,872,373
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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
1997
Legal Domicile
KY
Principal Officer
KATHY WALKER
Phone
6068862374
Tax Period
2024-07-01 to 2025-06-30

BIG SANDY REGIONAL INDUSTRIAL DEVELOPMENT AUTHORITY INC, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 131271% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 77% operating margin.

Mission

ECONOMIC DEVELOPMENT TO BRING BUSINESS AND INDUSTRY IN ORDER TO INCREASE JOBS AND COMMERCE

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,590,523
Program Service Revenue $0
Investment Income $1,438
Other Revenue $260,377
TOTAL REVENUE $1,852,338

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $117,984
Other Expenses $433,101
TOTAL EXPENSES $433,101

Year-over-Year Comparison

2024 2023 Change
Revenue $1,852,338 $1,410 +1312.7%
Expenses $433,101 $218,947 +1.0%
Net Income $1,419,237 $-217,537 -7.5%
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

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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE DUNCAN CHAIRMAN N/A
Officer Director
$0 $0 $0
KATHY WALKER SECRETARY/TR N/A
Officer Director
$0 $0 $0
JAMES BOOTH DIRECTOR N/A
Director
$0 $0 $0
AB CONLEY DIRECTOR N/A
Director
$0 $0 $0
KATHY WALKER CHAIRMAN (2/ N/A
Officer Director
$0 $0 $0
DAVID ELLIS DIRECTOR N/A
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
2025 $1,852,338 $433,101 $4,457,592 $1,419,237
2024 $1,410 $218,947 $3,064,389 $-217,537
2023 $51,567 $262,466 $3,287,232 $-210,899
2022 $115,329 $209,370 $3,519,674 $-94,041
2021 $27,432 $187,610 $3,634,232 $-160,178
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