Industrial Development Board Of Mayfield Graves County Inc
EIN: 616042028 · Mayfield, KY
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $96K |
| Net Assets | $125K |
Is Industrial Development Board Of Mayfield Graves County Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Industrial Development Board Of Mayfield Graves County Inc
Industrial Development Board Of Mayfield Graves County Inc (EIN: 616042028) is a nonprofit organization based in Mayfield, KY. The organization reported total revenue of $2K and total assets of $190K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Industrial Development Board Of Mayfield Graves County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Industrial Development Board Of Mayfield Graves County Inc is a micro nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $96K |
| Surplus / Deficit | $-93,208 |
| Total Assets | $190K |
| Total Liabilities | $66K |
| Net Assets | $125K |
| Operating Margin | -3645.2% |
| Debt-to-Asset Ratio | 34.4% |
| Months of Reserves | 23.9 months |
Financial Health Grade: B
In 2023, Industrial Development Board Of Mayfield Graves County Inc reported a deficit of $93K with expenses exceeding revenue, holds 23.9 months of operating reserves (strong position), has a debt-to-asset ratio of 34.4% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -97.7% | +5620.7% | -53.8% |
| 2022 | +1046.5% | +109.3% | -13.0% |
| 2021 | +531.1% | -49.7% | -32.1% |
| 2020 | -38.9% | -96.5% | +38.0% |
| 2019 | -26.6% | +4279.5% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Industrial Development Board Of Mayfield Graves County Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Industrial Development Board Of Mayfield Graves County Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $93K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.4%.
Frequently Asked Questions about Industrial Development Board Of Mayfield Graves County Inc
Is Industrial Development Board Of Mayfield Graves County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Industrial Development Board Of Mayfield Graves County Inc (EIN: 616042028) insufficient data. 0 red flags identified, 0 strengths noted.
How does Industrial Development Board Of Mayfield Graves County Inc spend its money?
Detailed spending breakdown data is not yet available for Industrial Development Board Of Mayfield Graves County Inc. Check back for updated IRS 990 analysis.
Are donations to Industrial Development Board Of Mayfield Graves County Inc tax-deductible?
Industrial Development Board Of Mayfield Graves County Inc is registered as a tax-exempt nonprofit (EIN: 616042028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Industrial Development Board Of Mayfield Graves County Inc located?
Industrial Development Board Of Mayfield Graves County Inc is headquartered in Mayfield, Kentucky and files with the IRS under EIN 616042028.
How many years of IRS 990 filings does Industrial Development Board Of Mayfield Graves County Inc have?
Industrial Development Board Of Mayfield Graves County Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2K in total revenue.
Filing History
IRS 990 filing history for Industrial Development Board Of Mayfield Graves County Inc showing financial trends over 13 years of public records:
Total assets decreased by 68.9% over the same period, from $612K to $190K. Total functional expenses rose by 162%, from $37K to $96K. In its most recent filing year (2023), Industrial Development Board Of Mayfield Graves County Inc reported a deficit of $93K, with expenses exceeding revenue. The organization holds $66K in liabilities against $190K in assets (debt-to-asset ratio: 34.4%), resulting in net assets of $125K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $96K | $190K | $66K | — | View 990 |
| 2022 | $114K | $2K | $412K | $194K | — | View 990 |
| 2021 | $10K | $800 | $474K | $367K | — | — |
| 2020 | $2K | $2K | $697K | $600K | — | — |
| 2019 | $3K | $45K | $505K | $408K | — | View 990 |
| 2018 | $4K | $1K | $549K | $409K | — | View 990 |
| 2017 | $3K | $3K | $549K | $412K | — | View 990 |
| 2016 | $3K | $2K | $549K | $413K | — | View 990 |
| 2015 | $3K | $38K | $549K | $414K | — | View 990 |
| 2014 | $-2,240 | $2K | $585K | $416K | — | View 990 |
| 2013 | $0 | $2K | $612K | $438K | — | View 990 |
| 2012 | $4K | $2K | $612K | $436K | — | View 990 |
| 2011 | $0 | $37K | $612K | $439K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $96K, and assets of $190K (revenue -97.7% year-over-year).
- 2022: Revenue of $114K, expenses of $2K, and assets of $412K (revenue +1046.5% year-over-year).
- 2021: Revenue of $10K, expenses of $800, and assets of $474K (revenue +531.1% year-over-year).
- 2020: Revenue of $2K, expenses of $2K, and assets of $697K (revenue -38.9% year-over-year).
- 2019: Revenue of $3K, expenses of $45K, and assets of $505K (revenue -26.6% year-over-year).
- 2018: Revenue of $4K, expenses of $1K, and assets of $549K (revenue +8.1% year-over-year).
- 2017: Revenue of $3K, expenses of $3K, and assets of $549K (revenue -5.6% year-over-year).
- 2016: Revenue of $3K, expenses of $2K, and assets of $549K (revenue +1.5% year-over-year).
- 2015: Revenue of $3K, expenses of $38K, and assets of $549K.
- 2014: Revenue of $-2,240, expenses of $2K, and assets of $585K.
- 2013: Revenue of $0, expenses of $2K, and assets of $612K (revenue -100.0% year-over-year).
- 2012: Revenue of $4K, expenses of $2K, and assets of $612K.
- 2011: Revenue of $0, expenses of $37K, and assets of $612K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Industrial Development Board Of Mayfield Graves County Inc:
Data Sources and Methodology
This transparency report for Industrial Development Board Of Mayfield Graves County Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.