PURCHASE AREA REGIONAL INDUSTRIAL AUTHORITY INC (EIN 611393236) - 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

2001

Legal Domicile

Phone

2702477171

Tax Period

2024-07-01 to 2025-06-30

PURCHASE AREA REGIONAL INDUSTRIAL AUTHORITY INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $719K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $648K, a strong 90% operating margin.

Mission

TO ORGANIZE, PROMOTE, AND DEVELOP INDUSTRIAL GROWTH IN THE PURCHASE AREA OF WESTERN KENTUCKY

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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 $0

Program Service Revenue $0

Investment Income $155,337

Other Revenue $563,451

TOTAL REVENUE $718,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,921

Other Expenses $70,921

TOTAL EXPENSES $70,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$718,788	$547,145	+0.3%
Expenses	$70,921	$35,460	+1.0%
Net Income	$647,867	$511,685	+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
MARK MANNING	Chairman	2.00	Officer Director	$0	$0	$0
KEVIN SPRAGGS	Director	2.00	Director	$0	$0	$0
JEROD WEBB	Director	2.00	Director	$0	$0	$0
JOHN SUMMERS	Director	2.00	Director	$0	$0	$0
JIM MARTIN	Director	2.00	Director	$0	$0	$0
BRENT SHULTZ	Director	2.00	Director	$0	$0	$0
KENNY WILSON	Director	2.00	Director	$0	$0	$0
BRUCE WILCOX	Director	2.00	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
2025	$718,788	$70,921	$14,742,761	$647,867
2024	No data	No data	No data	No data
2023	$534,496	$20,440	$13,575,964	$514,056
2022	$252,241	$30,921	$13,063,133	$221,320
2021	$358,238	$214,698	$12,840,588	$143,540
2020	$301,842	$73,636	$12,697,048	$228,206
2019	$376,233	$357,239	$12,493,940	$18,994
2018	$392,993	$455,481	$12,506,507	$-62,488

PURCHASE AREA REGIONAL INDUSTRIAL AUTHORITY INC