MAYFIELD KENTUCKY INDUSTRIAL DEVELO PMENT AUTHORITY (EIN 922434934) - 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

2023

Legal Domicile

Principal Officer

JASON LEMLE

Phone

2702470626

Tax Period

2024-07-01 to 2025-06-30

MAYFIELD KENTUCKY INDUSTRIAL DEVELO PMENT AUTHORITY, founded in 2023, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $1.8M, a strong 90% operating margin.

Mission

THE AUTHORITY'S PRIMARY PURPOSE IS TO ENHANCE ECONOMIC DEVELOPMENT WITHIN THE CITY AND SURROUNDING AREA, INCLUDING THE REVITALIZATION OF THE AREA DESTROYED BY THE TORNADO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,017,599

Program Service Revenue $0

Investment Income $431

Other Revenue $0

TOTAL REVENUE $2,018,030

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $185,843

Other Expenses $51,821

TOTAL EXPENSES $201,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,018,030	$2,005,513	+0.0%
Expenses	$201,821	$145,589	+0.4%
Net Income	$1,816,209	$1,859,924	0.0%

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

Governance

Voting Members

Independent Members

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
CHRIS KENDRICK	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHNNIE LEE	BOARD MEMBER	N/A	Director	$0	$0	$0
KANE MCCORD	BOARD MEMBER	N/A	Director	$0	$0	$0
CATHERINE PRICE	BOARD MEMBER	N/A	Director	$0	$0	$0
LARRY JOE SEAY	BOARD MEMBER	N/A	Director	$0	$0	$0
EMMY WEST	BOARD MEMBER	N/A	Director	$0	$0	$0
GREGORY COOK	CHAIRMAN	N/A	Officer	$0	$0	$0
JODIE HANSEN	VICE-CHAIRMA	N/A	Officer	$0	$0	$0
JASON LEMLE	SECRETARY/TR	N/A	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	$2,018,030	$201,821	$3,679,215	$1,816,209
2024	$2,005,513	$145,589	$1,862,818	$1,859,924
2023	No data	No data	No data	No data

MAYFIELD KENTUCKY INDUSTRIAL DEVELO PMENT AUTHORITY