INDUSTRIAL DEVELOPMENT BOARD OF MAYFIELD-GRAVES COUNTY INC (EIN 616042028) - 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

1968

Legal Domicile

Principal Officer

RICKY BINKLEY

Phone

2702470626

Tax Period

2024-10-01 to 2025-09-30

INDUSTRIAL DEVELOPMENT BOARD OF MAYFIELD-GRAVES COUNTY INC, founded in 1968, is a micro nonprofit that reported $2K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2K, a strong 99% operating margin.

Mission

PROMOTE ECONOMIC DEVELOPMENT IN MAYFIELD AND GRAVES COUNTY KY

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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 $2,337

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $15

TOTAL EXPENSES $15

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,337	$3,161	-0.3%
Expenses	$15	$1,515	-1.0%
Net Income	$2,322	$1,646	+0.4%

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
JEREMY BUCHANAN	DIRECTOR	N/A	Director	$0	$0	$0
GRACIE CAVIN	DIRECTOR	N/A	Director	$0	$0	$0
JEREMY CREASON	DIRECTOR	N/A	Director	$0	$0	$0
BRAD DAME	DIRECTOR	N/A	Director	$0	$0	$0
TYLER GOODMAN	DIRECTOR	N/A	Director	$0	$0	$0
JOSH HEISNER	DIRECTOR	N/A	Director	$0	$0	$0
SAM MAHAN	DIRECTOR	N/A	Director	$0	$0	$0
KATIE BETH MCCORD	DIRECTOR	N/A	Director	$0	$0	$0
WARD MORGAN	SEC/TREASURE	N/A	Director	$0	$0	$0
KATHY O'NAN	DIRECTOR	N/A	Director	$0	$0	$0
JESSE PERRY	DIRECTOR	N/A	Director	$0	$0	$0
STEPHEN POWELL	DIRECTOR	N/A	Director	$0	$0	$0
BRAD POWER	DIRECTOR	N/A	Director	$0	$0	$0
TANYA ROSE	DIRECTOR	N/A	Director	$0	$0	$0
KAYLA SEARS	DIRECTOR	N/A	Director	$0	$0	$0
BRENT SHULTZ	DIRECTOR	N/A	Director	$0	$0	$0
JUSTIN SUITER	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN WIGGINS	DIRECTOR	N/A	Director	$0	$0	$0
GAVIN WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
RICKY BINKLEY	CHAIRMAN	N/A	Officer	$0	$0	$0
MATT SCOGGINS	VICE CHAIRMA	N/A	Officer	$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	$2,337	$15	$190,486	$2,322
2024	$3,161	$1,515	$190,486	$1,646
2023	$2,557	$95,765	$190,485	$-93,208
2022	$113,610	$1,674	$412,216	$111,936
2021	$9,909	$800	$473,570	$9,109
2020	$1,570	$1,590	$697,234	$-20
2019	$2,570	$45,240	$505,301	$-42,670

INDUSTRIAL DEVELOPMENT BOARD OF MAYFIELD-GRAVES COUNTY INC