RED RIVER ECONOMIC DEVELOPMENT LLC (EIN 833014705) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

JEAN R HALE

Phone

5022299304

Tax Period

2024-01-01 to 2024-12-31

RED RIVER ECONOMIC DEVELOPMENT LLC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $521K in total revenue in fiscal year 2024. Revenue surged 852% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE ECONOMIC, CULTURAL, AND SOCIAL DEVELOPMENT OF EASTERN KENTUCKY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $521,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $521,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $518,916

Other Expenses $526,120

TOTAL EXPENSES $526,120

Year-over-Year Comparison

	2024	2023	Change
Revenue	$521,000	$54,749	+8.5%
Expenses	$526,120	$54,256	+8.7%
Net Income	$-5,120	$493	-11.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MS JEAN R HALE	CHAIR	0.25	Director	$0	$0	$0
JUDGE RICK STILTNER	SECRETARY/TREASURER	0.25	Director	$0	$0	$0
MR BILL ALLEN	BOARD MEMBER	0.25	Director	$0	$0	$0
JUDGE EDDIE BARNES	BOARD MEMBER	0.25	Director	$0	$0	$0
JUDGE STEVEN MAYS	BOARD MEMBER	0.25	Director	$0	$0	$0
MR LUTHER DEATON	BOARD MEMBER	0.25	Director	$0	$0	$0
JUDGE RAYMOND BANKS	BOARD MEMBER	0.25	Director	$0	$0	$0
MS MISSY MATTHEWS	BOARD MEMBER	0.25	Director	$0	$0	$0
MR PG PEEPLES	BOARD MEMBER	0.25	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
2024	$521,000	$526,120	$2,417	$-5,120
2023	$54,749	$54,256	$7,537	$493
2022	$63,169	$57,531	$7,044	$5,638
2021	$110,210	$139,020	$1,406	$-28,810
2020	$516,585	$486,369	$30,216	$30,216

RED RIVER ECONOMIC DEVELOPMENT LLC