HOPKINS COUNTY DEVELOPMENT CORPORATION

EIN: 616037894

MADISONVILLE, KY

Total Revenue
$44,304
Total Expenses
$403
Total Assets
$1,584,265
Net Assets
$1,584,265
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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
1965
Legal Domicile
KY
Principal Officer
STEVE COX
Phone
2708255781
Tax Period
2025-01-01 to 2025-12-31

HOPKINS COUNTY DEVELOPMENT CORPORATION, founded in 1965, is a micro nonprofit that reported $44K in total revenue in fiscal year 2025. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 99% operating margin.

Mission

TO AID INDIVIDUAL COMPANIES IN NEED OF FINANCING, IN ORDER TO DEVELOP PROPERTY IN HOPKINS COUNTY TO PROVIDE ADDITIONAL JOBS IN A RURAL AREA OF KENTUCKY. TO PROVIDE FUNDING FOR ENDOWED PROFESSORSHIPS TO PROVIDE THE BEST POSSIBLE TRAINED HEALTH PROFESSIONALS FOR EMPLOYMENT CONSIDERATION WITH AREA HEALTHCARE PROVIDERS AND HOSPITALS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $36,707
Other Revenue $7,597
TOTAL REVENUE $44,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $323
Other Expenses $403
TOTAL EXPENSES $403

Year-over-Year Comparison

2025 2024 Change
Revenue $44,304 $26,813 +0.7%
Expenses $403 $269 +0.5%
Net Income $43,901 $26,544 +0.7%
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM ASHBY TREASURER 1.00
Officer Director
$0 $0 $0
STEVE COX PRESIDENT 1.00
Officer Director
$0 $0 $0
BOBBY H DAMPIER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
BILL RUDD DIRECTOR 1.00
Director
$0 $0 $0
KENT WAIDE SECRETARY 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
2025 $44,304 $403 $1,584,265 $43,901
2020 $26,684 $537 $1,455,691 $26,147
2019 $25,847 $465 $1,420,523 $25,382
2018 $19,225 $560 $1,385,338 $18,665
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