Morehead-rowan County Ecomomic Development Council Inc
501(c)(6)
Only null% goes to programs Strong reserves Declining revenue
Morehead-rowan County Ecomomic Development Council Inc is a 501(c)(6) organization based in Morehead, Kentucky, registered in 1992, with $205,323 in FY2024 revenue. CharityIndex grades it D.
150 E 1st St, Morehead, KY, 40351 EIN 61-1206371 Since 1992
Revenue (FY2024)
$205K
▲ 3.8% vs prior year
Expenses (FY2024)
$302K
Net assets
$2.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Morehead-rowan County Ecomomic Development Council Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating89 mo reserves · -47% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Morehead-rowan County Ecomomic Development Council Inc: 89 mo reserves · -47% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Morehead-rowan County Ecomomic Development Council Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Morehead-rowan County Ecomomic Development Council Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $303K (FY2013) to $205K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1,586Net assets $2.2M
Operating margin
-46.9%
Spent more than it raised in the latest fiscal year.
Total assets
$2.2M
Total liabilities
$1,586
Net assets
$2.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $205,323▲3.8% | $301,565▲55.3% | $2,238,886▼4.1% | $2,240,472▼4.1% | 990 |
| 2023 | $197,886▲5.3% | $194,153▲59.5% | $2,334,062▼1.9% | $2,335,607▼1.9% | 990 |
| 2021 | $187,909▼84.8% | $121,690▼18.8% | $2,378,793▲2.9% | $2,380,188▲2.9% | 990 |
| 2020 | $1,239,206▲478% | $149,931▼22.9% | $2,312,574▲89.0% | $2,313,319▲88.4% | 990 |
| 2019 | $214,395▼3.2% | $194,409▼11.4% | $1,223,299▲1.7% | $1,227,608▲1.0% | 990 |
| 2018 | $221,468▲9.9% | $219,518▼4.2% | $1,203,431▲0.4% | $1,215,213▲1.2% | 990 |
| 2017 | $201,568▲10.4% | $229,062▲15.2% | $1,198,797▼2.2% | $1,201,023▼2.5% | 990 |
| 2016 | $182,574▼18.8% | $198,775▼1.3% | $1,226,356▼1.3% | $1,231,494▼1.0% | 990 |
| 2015 | $224,846▼83.9% | $201,295▼39.3% | $1,242,557▲1.9% | $1,244,239▲2.0% | 990 |
| 2014 | $1,396,421▲361% | $331,572▲35.1% | $1,219,006▲691% | $1,219,651▲308% | 990 |
| 2013 | $303,084 | $245,348▲20.2% | $154,156▲60.7% | $298,641▲24.6% | 990 |
| 2012 | — | $204,171 | $95,922 | $239,761 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Morehead-rowan County Ecomomic Development Council Inc a legitimate nonprofit?
- Yes. Morehead-rowan County Ecomomic Development Council Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 61-1206371, based in Morehead, Kentucky.
- What is Morehead-rowan County Ecomomic Development Council Inc's EIN?
- Morehead-rowan County Ecomomic Development Council Inc's Employer Identification Number (EIN) is 61-1206371.
- How much revenue does Morehead-rowan County Ecomomic Development Council Inc report?
- Morehead-rowan County Ecomomic Development Council Inc reported $205,323 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Morehead-rowan County Ecomomic Development Council Inc have?
- CharityIndex grades Morehead-rowan County Ecomomic Development Council Inc D, based on financial health (reserves and operating margin).
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Data for Morehead-rowan County Ecomomic Development Council Inc (EIN 61-1206371) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.