Civic Intelligence

Kentucky River Area Development District Inc.

990 • Fiscal year 2019 • EIN 61-0675786

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 26, 2020

941 N Main StreetHazard, KY 41701

(606) 436-3158

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.22x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

1.42x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

17th percentile

-12%

Higher net margin than 17% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

48th percentile

$117,382

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

15th percentile

-5.8%

Faster asset growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-8.4%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$5,668,090

Down $348,418 (-5.8%) from 2018

Net Assets

Down

-$1,249,777

Down $616,643 (-97%) from 2018

Liabilities

Up

$6,917,867

Up $268,225 (+4.0%) from 2018

Revenue

Down

$4,870,949

Down $448,006 (-8.4%) from 2018

Expenses

Down

$5,460,135

Down $572,241 (-9.5%) from 2018

Net Income

Up

-$589,186

Up $124,235 (+17%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2010: $2,726,290Liabilities 2010: $820,054Net Assets 2010: $1,906,2362010Assets 2011: $3,227,514Liabilities 2011: $927,967Net Assets 2011: $2,299,5472011Assets 2012: $3,251,538Liabilities 2012: $780,953Net Assets 2012: $2,470,5852012Assets 2013: $3,445,643Liabilities 2013: $747,761Net Assets 2013: $2,697,8822013Assets 2014: $3,673,997Liabilities 2014: $637,876Net Assets 2014: $3,036,1212014Assets 2015: $3,739,207Liabilities 2015: $2,135,219Net Assets 2015: $1,603,9882015Assets 2016: $4,218,071Liabilities 2016: $2,678,044Net Assets 2016: $1,540,0272016Assets 2017: $5,737,347Liabilities 2017: $4,667,497Net Assets 2017: $1,069,8502017Assets 2018: $6,016,508Liabilities 2018: $6,649,642Net Assets 2018: -$633,1342018Assets 2019: $5,668,090Liabilities 2019: $6,917,867Net Assets 2019: -$1,249,7772019Assets 2020: $5,722,355Liabilities 2020: $7,390,549Net Assets 2020: -$1,668,1942020Assets 2021: $5,857,667Liabilities 2021: $7,836,947Net Assets 2021: -$1,979,2802021Assets 2022: $5,754,107Liabilities 2022: $7,522,786Net Assets 2022: -$1,768,6792022Assets 2023: $5,945,545Liabilities 2023: $7,994,040Net Assets 2023: -$2,048,4952023Assets 2024: $6,406,268Liabilities 2024: $7,898,262Net Assets 2024: -$1,491,9942024Assets 2025: $8,113,683Liabilities 2025: $7,613,586Net Assets 2025: $500,0972025

Highlighted filing

2019

Assets$5,668,090
Liabilities$6,917,867
Net Assets-$1,249,777

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $5,784,5362010Expenses 2011: $5,926,5912011Expenses 2012: $5,988,5762012Expenses 2013: $5,912,1872013Revenue 2014: $6,203,986Expenses 2014: $5,860,921Net Income 2014: $343,0652014Revenue 2015: $5,977,375Expenses 2015: $5,726,999Net Income 2015: $250,3762015Revenue 2016: $5,491,107Expenses 2016: $5,553,163Net Income 2016: -$62,0562016Revenue 2017: $4,882,311Expenses 2017: $5,355,522Net Income 2017: -$473,2112017Revenue 2018: $5,318,955Expenses 2018: $6,032,376Net Income 2018: -$713,4212018Revenue 2019: $4,870,949Expenses 2019: $5,460,135Net Income 2019: -$589,1862019Revenue 2020: $4,516,237Expenses 2020: $4,904,678Net Income 2020: -$388,4412020Revenue 2021: $4,838,342Expenses 2021: $5,160,679Net Income 2021: -$322,3372021Revenue 2022: $5,574,327Expenses 2022: $5,420,606Net Income 2022: $153,7212022Revenue 2023: $6,007,276Expenses 2023: $6,295,145Net Income 2023: -$287,8692023Revenue 2024: $20,431,469Expenses 2024: $19,854,492Net Income 2024: $576,9772024Revenue 2025: $25,679,713Expenses 2025: $23,638,143Net Income 2025: $2,041,5702025

Highlighted filing

2019

Revenue$4,870,949
Expenses$5,460,135
Net Income-$589,186
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 26, 2020
Return Version
2018v3.1
Gross Receipts
$4,870,949
Mission and Program Overview

Mission

Kradd serves as a regional forum networking with appropriate groups to improve the quality of life for the citizens of the region.

Kradd serves as a regional forum, networking with appropriate groups to improve the quality of life for the citizens of the region. The agency provides professional assistance, leadership, and planning to regional communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,915,767$1,937,866▲ $22,099
Savings and Temporary Cash Investments$1,983,694$1,744,924▼ $238,770
Prepaid Expenses and Deferred Charges$1,368,749$1,170,014▼ $198,735
Pledges and Grants Receivable$683,800$630,925▼ $52,875
Cash and Non-Interest-Bearing Accounts$64,498$64,364▼ $134
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-633,134$-1,249,777▼ $616,643
Total Assets$6,016,508$5,668,090▼ $348,418
Other Assets Total$0$119,997▲ $119,997
Liabilities
Other Liabilities$4,859,844$5,191,819▲ $331,975
Mortgage Notes Payable Secured by Investment Property$1,476,217$1,458,228▼ $17,989
Accounts Payable and Accrued Expenses$240,767$231,426▼ $9,341
Deferred Revenue$72,814$36,394▼ $36,420
Total Liabilities$6,649,642$6,917,867▲ $268,225
Net Assets / Fund Balance
Total Net Assets Fund Balance$-633,134$-1,249,777▼ $616,643
Total Liabilities and Net Assets / Fund Balance$6,016,508$5,668,090▼ $348,418

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,710,290$289,489$1,999,779
Equipment$227,576$349,667$577,243
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle AlenExec. DirectorFT$85,564$31,818$117,382
Revenue and Support

Revenue Composition

Contributions and Grants
$2,497,030
Program Service Revenue
$2,370,977
Investment Income
$2,942
Other Revenue
$0
Change in Net Assets
$-589,186

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,870,949
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,870,949
Total Revenue per Form 990
$4,870,949
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,025,430
Grants and Similar Amounts Paid$1,236,413
Other Expenses$1,198,292
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,244,066$204,389-$1,448,455
Grants to Domestic Orgs$1,236,413--$1,236,413
Pension Plan Contributions$625,628$65,621-$691,249
Other Employee Benefits$452,323$47,443-$499,766
Office Expenses$197,861$100,259-$298,120
Payroll Taxes$204,593$21,459-$226,052
Current Officers, Directors, Trustees, and Key Employees$139,333$20,575-$159,908
Fees for Services Other$129,161$6,017-$135,178
Travel$95,767$11,083-$106,850
Depreciation Depletion-$73,921-$73,921
Occupancy$26,460$37,236-$63,696
All Other Expenses$20,070$25,290-$45,360
Interest$45,309--$45,309
Insurance-$38,411-$38,411
Other Expenses$38,254$13,773-$38,254
Information Technology$26,191$11,316-$37,507
Fees for Services Accounting-$22,900-$22,900
Total Functional Expenses$4,758,902$701,233$0$5,460,135

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,460,135
Total Expenses per Audited Statements$5,460,135
Total Expenses per Form 990$5,460,135
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Perry County Fiscal CourtHazard, KY-Aging Program$135,404
Knott County Fiscal CourtHinman, KY-Aging Program$124,249
Leslie County Senior Citizens CenterHyden, KY-Aging Program$83,265
Breathitt Co Senior Citizens CenterJackson, KY-Aging Program$19,329
Owsley Co Senior Citizens CenterBooneville, KY-Aging Program$15,237
Appalachian Research & DefenseHazard, KY-Aging Program$5,067
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$3,686,461
Net Opeb Liability$1,074,663
Deferred Inflows - Opeb$203,948
Accrued Annual Leave$128,582
Deferred Inflows - Pensions$98,165
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A draft of the 990 is sent by the paid prepaper to kradd before 990 is filed.

Form 990, Part VI, Section B, Line 12C

Daily business activities and purchases are made with the conflict of interest policy in mind.

Form 990, Part VI, Section B, Line 15

REVIEWED BY THE BOARD

Form 990, Part VI, Section C, Line 19

Kradd abides by the kentucky open records law, in which all records are available upon request. Also, all board meeting dates are published on the kradd website. The annual budget is posted on the spge website.

Filing and Contact Details

Filer

Filer Name
Kentucky River Area Development District
EIN
61-0675786
Phone
6064363158
Address
941 N MAIN STREET, HAZARD, KY 41701

Signing Officer

Name
Michelle Allen
Title
Executive Director
Phone
6064363158
Signed
2020-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Allen
Formed
1969
Legal Domicile
Ky
Voting Board Members
40
Independent Board Members
40
Employees
100
Volunteers
0

Preparer

Firm
Rfh Pllc
Address
300 WEST VINE STREET STE 800, LEXINGTON, KY 40507-1812
Preparer
Bradley J Hayes CPA
Phone
8592311800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Adjustments for prior year grant activity, deferred revenue, etc. -27,457.

FORM 990, PART XII, LINE 2C:

Process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The district is a non-profit organization incorporated november 12, 1974 and is exempt from income taxes under internal revenue code, 501(c)(3) as determined by the irs in a determination letter dated october 27, 1989. The district is generally no longer subject to income tax examinations by tax authorities for years before 2015.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Local operations allocation

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Local operations allocation

Raw XML AppendixShowing 400 of 742 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm4JACK BURKICH
IRS990/Form990PartVIISectionAGrp/PersonNm5JUDGE JEFF NOBLE
IRS990/Form990PartVIISectionAGrp/PersonNm6JUDGE JEFF DOBSON
IRS990/Form990PartVIISectionAGrp/PersonNm7JUDGE CHUCK CAUDILL
IRS990/Form990PartVIISectionAGrp/PersonNm8JUDGE WILLIAM R LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm9JUDGE CALE TURNER
IRS990/Form990PartVIISectionAGrp/PersonNm10JUDGE RAYMOND BANKS
IRS990/Form990PartVIISectionAGrp/PersonNm11MAYOR LAURA THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm12MAYOR SCOTT CORNETT
IRS990/Form990PartVIISectionAGrp/PersonNm13MAYOR SCOTT JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm14MAYOR CAROL JOSEPH
IRS990/Form990PartVIISectionAGrp/PersonNm15MAYOR SUSAN POLIS
IRS990/Form990PartVIISectionAGrp/PersonNm16MAYOR JAMES W CRAFT
IRS990/Form990PartVIISectionAGrp/PersonNm17MAYOR TODD DEPRIEST
IRS990/Form990PartVIISectionAGrp/PersonNm18MAYOR CHARLES LONG
IRS990/Form990PartVIISectionAGrp/PersonNm19MAYOR ERNEST BACK
IRS990/Form990PartVIISectionAGrp/PersonNm20MAYOR DONALD MOBELINI
IRS990/Form990PartVIISectionAGrp/PersonNm21MAYOR TOM BURNS
IRS990/Form990PartVIISectionAGrp/PersonNm22MAYOR KATHI MAY
IRS990/Form990PartVIISectionAGrp/PersonNm23ELLIS TINCHER
IRS990/Form990PartVIISectionAGrp/PersonNm24GARY CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm25RAY MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm26LARRY PARKE
IRS990/Form990PartVIISectionAGrp/PersonNm27LARRY PERKINS
IRS990/Form990PartVIISectionAGrp/PersonNm28KIMBERLY KING
IRS990/Form990PartVIISectionAGrp/PersonNm29HIRAM CORNETT
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IRS990/Form990PartVIISectionAGrp/PersonNm31EVERETT MARSHALL
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IRS990/Form990PartVIISectionAGrp/PersonNm33FRED HALL
IRS990/Form990PartVIISectionAGrp/PersonNm34DALE BISHOP
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IRS990/Form990PartVIISectionAGrp/PersonNm38MERIWETHER WASH-HALL
IRS990/Form990PartVIISectionAGrp/PersonNm39SHIRLEY HALCOMB
IRS990/Form990PartVIISectionAGrp/PersonNm40MIKE MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm41MICHELLE ALEN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt410
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PARLIAMENTARIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt37DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt38DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt39DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt40FORMER EXEC. DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt41EXEC. DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01969
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt040
IRS990/GovernmentGrantsAmt02497030
IRS990/GrantAmt01236413
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01236413
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01236413
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04870949
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt040
IRS990/IndivRcvdGreaterThan100KCnt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.11$7.61$0.50$25.7$23.6$2.04
2024Detailed filing. Detailed filing data is available for this year.$6.41$7.90$1.49$20.4$19.9$0.58
2023Detailed filing. Detailed filing data is available for this year.$5.95$7.99$2.05$6.01$6.30$0.29
2022Detailed filing. Detailed filing data is available for this year.$5.75$7.52$1.77$5.57$5.42$0.15
2021Detailed filing. Detailed filing data is available for this year.$5.86$7.84$1.98$4.84$5.16$0.32
2020Detailed filing. Detailed filing data is available for this year.$5.72$7.39$1.67$4.52$4.90$0.39
2019Detailed filing. Detailed filing data is available for this year.$5.67$6.92$1.25$4.87$5.46$0.59
2018Detailed filing. Detailed filing data is available for this year.$6.02$6.65$0.63$5.32$6.03$0.71
2017Detailed filing. Detailed filing data is available for this year.$5.74$4.67$1.07$4.88$5.36$0.47
2016Detailed filing. Detailed filing data is available for this year.$4.22$2.68$1.54$5.49$5.55$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.74$2.14$1.60$5.98$5.73$0.25
2014Detailed filing. Detailed filing data is available for this year.$3.67$0.64$3.04$6.20$5.86$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.45$0.75$2.70$5.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.78$2.47$5.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$0.93$2.30$5.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.82$1.91$5.78