KNOTT COUNTY TOURISM COMMISSION INC

EIN: 711042681 Community Improvement

HINDMAN, KY

Total Revenue
$343,508
Total Expenses
$346,086
Total Assets
$258,062
Net Assets
$258,062
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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
2007
Legal Domicile
KY
Tax Period
2022-07-01 to 2023-06-30

KNOTT COUNTY TOURISM COMMISSION INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $344K in total revenue in fiscal year 2022. Revenue surged 111% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE TOURISM INDUSTRY IN KNOTT COUNTY, 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $218,712
Program Service Revenue $124,796
Investment Income $0
Other Revenue $0
TOTAL REVENUE $343,508

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $343,774
Other Expenses $346,086
TOTAL EXPENSES $346,086

Year-over-Year Comparison

2022 2021 Change
Revenue $343,508 $163,034 +1.1%
Expenses $346,086 $91,650 +2.8%
Net Income $-2,578 $71,384 -1.0%
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
6
Independent Members
N/A
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL STURGILL CHAIRMAN/TREASU 0.00
Director
$0 $0 $0
KAREN JONES CODY Secretary 0.00
Director
$0 $0 $0
DANNY LAFERTY VICE CHAIRMAN 0.00
Director
$0 $0 $0
LAWTON NOBLE MEMBER 0.00
Director
$0 $0 $0
JANIE SMITH MEMBER 0.00
Director
$0 $0 $0
BOBBY THOMAS MEMBER 0.00
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
2023 $343,508 $346,086 $258,062 $-2,578
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