LEXINGTON, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PROMOTE THE ECONOMIC, CULTURAL, AND SOCIAL DEVELOPMENT OF THE RED RIVER GORGE AREA IN EASTERN KENTUCKY
THE ORGANIZATION'S FOCUS IS DEDICATED TO CREATING AN ECONOMIC ANCHOR THROUGH A DESTINATION RESORT FOR TOURISM IN THE RED RIVER GORGE AREA OF EASTERN KENTUCKY, AN ECONOMICALLY-DEPRESSED REGION WITH AN...
THE ORGANIZATION'S FOCUS IS DEDICATED TO CREATING AN ECONOMIC ANCHOR THROUGH A DESTINATION RESORT FOR TOURISM IN THE RED RIVER GORGE AREA OF EASTERN KENTUCKY, AN ECONOMICALLY-DEPRESSED REGION WITH AN ABUNDANCE OF NATURAL RESOURCES AND TOURISTS THAT ARE DRAWN TO THE AREA. THE ORGANIZATION IS CONDUCTING EXTENSIVE RESEARCH AND PLANNING WITH THE GORGE COMMUNITIES AND HAS IDENTIFIED AN 888-ACRE SITE FOR THE PROPOSED RESORT. THE ORGANIZATION IS WORKING TO FIND A DEVELOPER FOR THE CONSTRUCTION OF THE RESORT. THE ORGANIZATION WILL NOT RETAIN ANY OWNERSHIP IN THE RESORT OR CONDUCT OPERATION OF THE RESORT. THE ORGANIZATION'S MAIN GOAL IS TO PROMOTE THE AREA AND CREATE ECONOMIC OPPORTUNITIES FOR THE COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $521,000 | $54,749 | +8.5% |
| Expenses | $526,120 | $54,256 | +8.7% |
| Net Income | $-5,120 | $493 | -11.4% |
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
Sign In| 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 |
| 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 |
Compare RED RIVER ECONOMIC DEVELOPMENT LLC with other nonprofits in Kentucky and across the country.