Civic Intelligence

Hopkins County Development Corporation

EIN 61-6037894 • 501(c)6 • Madisonville, KY

Profile

To aid individual companies in need of financing, in order to develop property in hopkins county to provide additional jobs in a rural area of kentucky. To provide funding for endowed professorships to provide the best possible trained health professionals for employment consideration with area healthcare providers and hospitals.

900 Hospital DriveMadisonville, KY 42431
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

100th percentile

99%

Higher net margin than 100% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2025

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2025

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$1,584,265

Up $128,574 (+8.8%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Up

$1,584,265

Up $128,574 (+8.8%) from 2020

Operations
Liabilities / Revenue13th percentileNet Margin100th percentile

Revenue

Up

$44,304

Up $17,620 (+66%) from 2020

Expenses

Down

$403

Down $134 (-25%) from 2020

Net Income

Up

$43,901

Up $17,754 (+68%) from 2020

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,469,410Liabilities 2010: $0Net Assets 2010: $1,469,4102010Assets 2011: $1,489,617Liabilities 2011: $0Net Assets 2011: $1,489,6172011Assets 2012: $1,489,794Liabilities 2012: $0Net Assets 2012: $1,489,7942012Assets 2013: $1,392,239Liabilities 2013: $0Net Assets 2013: $1,392,2392013Assets 2014: $1,394,107Liabilities 2014: $0Net Assets 2014: $1,394,1072014Assets 2015: $1,405,663Liabilities 2015: $0Net Assets 2015: $1,405,6632015Assets 2016: $1,354,356Liabilities 2016: $0Net Assets 2016: $1,354,3562016Assets 2017: $1,372,786Liabilities 2017: $0Net Assets 2017: $1,372,7862017Assets 2018: $1,385,338Liabilities 2018: $0Net Assets 2018: $1,385,3382018Assets 2019: $1,420,523Liabilities 2019: $0Net Assets 2019: $1,420,5232019Assets 2020: $1,455,691Liabilities 2020: $0Net Assets 2020: $1,455,6912020Assets 2025: $1,584,265Liabilities 2025: $0Net Assets 2025: $1,584,2652025

Highlighted filing

2025

Assets$1,584,265
Liabilities$0
Net Assets$1,584,265
Open 2025 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $250,6282010Expenses 2011: $3562011Expenses 2012: $40,4082012Revenue 2013: $2,953Expenses 2013: $100,508Net Income 2013: -$97,5552013Revenue 2014: $10,831Expenses 2014: $8,963Net Income 2014: $1,8682014Revenue 2015: $11,956Expenses 2015: $400Net Income 2015: $11,5562015Revenue 2016: $1,775Expenses 2016: $50,425Net Income 2016: -$48,6502016Revenue 2017: $15,498Expenses 2017: $557Net Income 2017: $14,9412017Revenue 2018: $19,225Expenses 2018: $560Net Income 2018: $18,6652018Revenue 2019: $25,847Expenses 2019: $465Net Income 2019: $25,3822019Revenue 2020: $26,684Expenses 2020: $537Net Income 2020: $26,1472020Revenue 2025: $44,304Expenses 2025: $403Net Income 2025: $43,9012025

Highlighted filing

2025

Revenue$44,304
Expenses$403
Net Income$43,901
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,584,265
Liabilities
$0
Net assets
$1,584,265
Revenue
$44,304
Expenses
$403
Net income
$43,901
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.58$0.00$1.58$0.04$0.00$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.03$0.00$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$0.03$0.00$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.02$0.00$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.02$0.00$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.00$0.05$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.01$0.00$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.01$0.01$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.00$0.10$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.00$1.49$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.00$1.49$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.00$1.47$0.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 12, 2026
Return Version
2025v4.0
Gross Receipts
$372,692
Mission and Program Overview

Mission

To aid individual companies in need of financing, in order to develop property in hopkins county to provide additional jobs in a rural area of kentucky. To provide funding for endowed professorships to provide the best possible trained health professionals for employment consideration with area healthcare providers and hospitals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,003,542$1,371,754▲ $368,212
Inventories for Sale or Use$408,321$150,092▼ $258,229
Cash and Non-Interest-Bearing Accounts$95,197$62,419▼ $32,778
Other Notes and Loans Receivable, Net$27,366--
Total Assets$1,534,426$1,584,265▲ $49,839
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,534,426$1,584,265▲ $49,839
Total Net Assets Fund Balance$1,534,426$1,584,265▲ $49,839
Total Liabilities and Net Assets / Fund Balance$1,534,426$1,584,265▲ $49,839
Compensation and Service Providers
Top Officer Pay30th percentile

Board Members and Trustees

NameTitle
Steve CoxPresident
Bill RuddDirector
Kent WaideSecretary
Kim AshbyTreasurer
Bobby H DampierVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$36,707
Other Revenue
$7,597
Change in Net Assets
$43,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$403
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$323--$323
Fees for Services Accounting-$80-$80
Total Functional Expenses$323$80$0$403
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“The directors can elect new directors. The term of office is 1 year.”

Form 990, Page 6, Part VI, Line 7B

“A majority of the board of directors shall constitute a quorum for the transaction of business at any meeting of the board of directors.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 reviewed by president. Then, form 990 reviewed and approved at the board of directors meeting.”

Form 990, Page 6, Part VI, Line 19

“Available upon request by the public at the organization's office”

Filing and Contact Details

Filer

Filer Name
Hopkins County Development
EIN
61-6037894
Phone
2708255781
Address
900 HOSPITAL DRIVE, MADISONVILLE, KY 42431

Signing Officer

Name
Steve Cox
Title
President
Phone
2703223283
Signed
2026-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Cox
Formed
1965
Legal Domicile
Ky
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Alford Nance & Jones Llp
Address
44 UNION STREET, MADISONVILLE, KY 42431
Preparer
Theresa a Jones
Phone
2708254578
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To aid individual companies in need of financing, in order to develop property in hopkins county to provide additional jobs in a rural area of kentucky. To provide funding for endowed professorships to provide the best possible trained health professionals for employment consideration with area healthcare providers and hospitals.”

Form 990, Part XI, Line 9

“UNREALIZED GAIN 5,938”

Raw XML Appendix263 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/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO AID INDIVIDUAL COMPANIES IN NEED OF FINANCING, IN ORDER TO DEVELOP PROPERTY IN HOPKINS COUNTY TO PROVIDE ADDITIONAL JOBS IN A RURAL AREA OF KENTUCKY. TO PROVIDE FUNDING FOR ENDOWED PROFESSORSHIPS TO PROVIDE THE BEST POSSIBLE TRAINED HEALTH PROFESSIONALS FOR EMPLOYMENT CONSIDERATION WITH AREA HEALTHCARE PROVIDERS AND HOSPITALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS CAN ELECT NEW DIRECTORS. THE TERM OF OFFICE IS 1 YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A MAJORITY OF THE BOARD OF DIRECTORS SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS AT ANY MEETING OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 REVIEWED BY PRESIDENT. THEN, FORM 990 REVIEWED AND APPROVED AT THE BOARD OF DIRECTORS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST BY THE PUBLIC AT THE ORGANIZATION'S OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UNREALIZED GAIN 5,938
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THERESA A JONES
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ReturnHeader/ReturnTs02026-03-05T16:16:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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