LEITCHFIELDGRAYSON COUNTY INDUSTRIAL DEVELOPMENT CORPORATION (EIN 611414245) - 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

Principal Officer

ROBERT CRAWFORD

Phone

2702594034

Tax Period

2024-01-01 to 2024-12-31

LEITCHFIELDGRAYSON COUNTY INDUSTRIAL DEVELOPMENT CORPORATION, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $39K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $127K exceeded revenue, resulting in a 228% operating deficit.

Mission

TO PROVIDE MARKETING/SEARCH FOR NEW INDUSTRY AND COMMERCE IN THE LEITCHFIELD AND GRAYSON COUNTY, KENTUCKY AREAS

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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 $38,584

Other Revenue $0

TOTAL REVENUE $38,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,670

Other Expenses $126,670

TOTAL EXPENSES $126,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,584	$159,183	-0.8%
Expenses	$126,670	$127,380	0.0%
Net Income	$-88,086	$31,803	-3.8%

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

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
BARRY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE BASHAM	DIRECTOR	1.00	Director	$0	$0	$0
RYAN BRATCHER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DENNIS BUCKLES	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CRAWFORD	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JAMES P EMBRY	DIRECTOR	1.00	Director	$0	$0	$0
RICK EMBRY	DIRECTOR	1.00	Director	$0	$0	$0
VINCE ESCUE	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY HERRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
LINDELL SHARP	DIRECTOR	1.00	Officer Director	$0	$0	$0
WILLIAM THOMASON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID VICKERY	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
2025	No data	No data	No data	No data
2024	$38,584	$126,670	$2,506,400	$-88,086
2023	$159,183	$127,380	$2,594,486	$31,803
2022	$15,825	$62,495	$2,562,683	$-46,670
2021	$54,720	$58,746	$2,609,353	$-4,026
2020	$147,289	$180,943	$2,642,940	$-33,654
2019	$18,816	$20,887	$2,647,033	$-2,071
2018	$17,062	$35,063	$2,649,104	$-18,001

LEITCHFIELDGRAYSON COUNTY INDUSTRIAL DEVELOPMENT CORPORATION