ZUnclassifiedEIN: 611125577· Ruling Year: 1988

Tri-county Economic Development Corporation

Covington, Kentucky

BHealth Score
64B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 22 peers in Unclassified with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org2.14×
Peer Median15.40×
💰
$4.0M
Total Revenue
📊
$2.4M
Total Expenses
🏦
$5.1M
Net Assets
📋
$17.4M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+25.7%
Year-over-year change (2022 → 2023)
Net Margin
+40.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.14
Net assets divided by total expenses
Liabilities-to-Assets
77.5%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$3,967,04826%$2,368,1891%$22,520,353547%
2022$3,157,156124%$2,381,99917%$3,479,0369%
2021$1,412,05435%$2,028,75314%$3,178,9316%
2020$2,157,92940%$2,361,43325%$3,382,80713%
2019$3,570,20048%$3,167,48834%$3,891,35925%
2018$2,411,9456%$2,368,321$3,116,7651%
2017$2,282,07510%$2,366,79924%$3,089,3113%
2016$2,066,8434%$1,908,5572%$3,170,0136%
2015$2,155,8651%$1,864,708$2,997,48211%
2014$2,126,3614%$1,867,03113%$2,705,8979%
2013$2,044,5904%$2,135,7104%$2,474,6023%
2012$2,140,8834%$2,046,4082%$2,543,91916%
2011$2,051,022$2,002,709$3,044,274

Frequently Asked Questions

What does Tri-county Economic Development Corporation do?

Tri-county Economic Development Corporation is a unclassified nonprofit organization based in Kentucky. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Tri-county Economic Development Corporation financially healthy?

Based on our 9-metric Financial Health Score model, Tri-county Economic Development Corporation has a score of 64/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Tri-county Economic Development Corporation generate?

Tri-county Economic Development Corporation reports $5.5M in annual revenue and holds $14.4M in total assets, based on IRS filings.

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Tri-county Economic Development Corporation — Covington, KY | GiveScope