ASHLAND AREA ECONOMIC DEVELOPMENT … - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

CAMEO CAREY

Phone

4192893200

Tax Period

2025-01-01 to 2025-12-31

ASHLAND AREA ECONOMIC DEVELOPMENT INC, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2025. Revenue surged 1327% from the prior year, signaling strong growth momentum.

Mission

TO ASSIST IN THE SUCCESS OF THE COMMUNITY'S EXISTING BUSINESSES, ATTRACT VIABLE COMPANIES TO GROW IN THE COMMUNITY AND TO ENHANCE THE QUALITY OF LIFE WITHIN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,530,114

ASSIST IN THE GROWTH OF CURRENT AND NEW BUSINESSES WITHIN THE COMMUNITY, WHILE WORKING TO ENHANCE THE QUALITY OF LIFE WITHIN THE COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,553,940

Program Service Revenue $0

Investment Income $3,553

Other Revenue $442

TOTAL REVENUE $1,557,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $750

Fundraising Expenses $0

Program Expenses $1,530,114

Other Expenses $1,527,859

TOTAL EXPENSES $1,530,114

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,557,935	$109,172	+13.3%
Expenses	$1,530,114	$72,477	+20.1%
Net Income	$27,821	$36,695	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDAN LANCE	SECRETARY	2.0	Officer Director	$0	$0	$0
MATT MILLER	PRESIDENT	2.0	Officer Director	$0	$0	$0
KEITH BOALES	BOARD MEMBER	2.0	Director	$0	$0	$0
MIKE WELCH	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
B J HARVEY	TREASURER	2.0	Officer Director	$0	$0	$0
BEN USELTON	BOARD MEMBER	2.0	Director	$0	$0	$0
ANN WURSTER	MEMBER	2.0	Director	$0	$0	$0
CAMEO CAREY	DIRECTOR	40.0	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	$1,557,935	$1,530,114	$232,576	$27,821
2024	$109,172	$72,477	$204,755	$36,695
2023	$125,368	$108,479	$171,031	$16,889
2022	$116,051	$99,917	$152,598	$16,134
2021	$137,623	$81,324	$136,424	$56,299
2020	$146,467	$85,346	$81,467	$61,121
2019	$180,982	$179,641	$19,135	$1,341
2018	$198,260	$212,879	$22,493	$-14,619

ASHLAND AREA ECONOMIC DEVELOPMENT INC