HENDERSON COUNTY ECONOMIC DEVELOPMENT COR (EIN 822574175) - 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

2017

Legal Domicile

Principal Officer

MELISSA VANDERPOOL

Tax Period

2023-07-01 to 2024-06-30

HENDERSON COUNTY ECONOMIC DEVELOPMENT COR, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $395K in total revenue in fiscal year 2023. Expenses of $351K left a modest 11% surplus.

Mission

COMMITTED TO HELPING BUSINESS SUCCEED AND GROW IN NORTHWEST KY INCLUDING EXISTING INDUSTRIES, WORKFORCE DEVELOPMENT AND TARGETED SECTORS TO BRING IN NEW INDUSTRIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $393,650

Program Service Revenue $0

Investment Income $1,440

Other Revenue $0

TOTAL REVENUE $395,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,595

Fundraising Expenses $0

Program Expenses $15,419

Other Expenses $100,744

TOTAL EXPENSES $351,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$395,090	N/A	N/A
Expenses	$351,339	N/A	N/A
Net Income	$43,751	N/A	N/A

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

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

$91,241

Total Directors

Key Employees

$231,737

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA VANDERPOOL	EXECUTIVE DIRECTOR	40.00	Officer Key Emp	$85,880	$5,361	$91,241
WHITNEY RISLEY	DIR EXISTING INDUSTRY	40.00	Key Emp	$70,948	$2,699	$73,647
KATE MCINDOO	DIR COMMUNICATIONS	40.00	Key Emp	$44,981	$2,177	$47,158
STEPHANIE L LUCAS	BOOKKEEPER	20.00	Key Emp	$19,691	$0	$19,691
KATE GREALISH	DIRECTOR	0.00	Director	$0	$0	$0
BRAD BICKETT	DIRECTOR	0.00	Director	$0	$0	$0
BRAD STATON	MAYOR	0.00	Director	$0	$0	$0
CLAY GILLHAM	EX-OFFICIO CHAMBER OF COMMERC	0.00	Director	$0	$0	$0
LINDA WHITE	DIRECTOR	0.00	Director	$0	$0	$0
BRAD SCHNEIDER	CO JUDGE EXEC DIRECTOR	0.00	Director	$0	$0	$0
TONY KRAMPE	DIRECTOR	0.00	Director	$0	$0	$0
BRIAN HAWKES	DIRECTOR	0.00	Director	$0	$0	$0
BOB MCINDOO	CHAIRMAN	0.00	Officer	$0	$0	$0
JASON WARREN	IMMEDIATE PAST CHAIR	0.00	Officer	$0	$0	$0
MATT HUNSAKER	TREASURER	0.00	Officer	$0	$0	$0
BEN JOHNSTON	CHAIR ELECT	0.00	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	No data	No data	No data	No data
2024	$395,090	$351,339	$342,220	$43,751
2023	$446,098	$394,480	$298,396	$51,618
2022	$539,320	$434,560	$246,303	$104,760
2021	$407,777	$663,987	$173,920	$-256,210

HENDERSON COUNTY ECONOMIC DEVELOPMENT COR