Tri-county Economic Development Corporation
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Tri-county Economic Development Corporation is a 501(c)(6) organization based in Covington, Kentucky, registered in 1988, with $5,521,200 in FY2024 revenue. CharityIndex grades it B.
209 Greenup St Ste 400, Covington, KY, 41011 EIN 61-1125577 Since 1988
Revenue (FY2024)
$5.5M
▲ 42.7% vs prior year
Expenses (FY2024)
$3.2M
Net assets
$8.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Tri-county Economic Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating32 mo reserves · +41% 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 Tri-county Economic Development Corporation: 32 mo reserves · +41% margin earns a A 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 Tri-county Economic Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Tri-county Economic Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $2.1M (FY2013) to $5.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.9MNet assets $8.5M
Operating margin
41.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.4M
Total liabilities
$5.9M
Net assets
$8.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,521,200▲42.7% | $3,239,326▲18.6% | $8,533,119▲31.2% | $14,430,781▼25.6% | 990 |
| 2023 | $3,868,470▼2.5% | $2,730,865▲15.3% | $6,502,825▲28.2% | $19,403,177▼13.8% | 990 |
| 2022 | $3,967,048▲25.7% | $2,368,189▼0.6% | $5,072,571▲47.3% | $22,520,353▲547% | 990 |
| 2021 | $3,157,156▲124% | $2,381,999▲17.4% | $3,442,645▲29.1% | $3,479,036▲9.4% | 990 |
| 2020 | $1,412,054▼34.6% | $2,028,753▼14.1% | $2,667,488▼18.8% | $3,178,931▼6.0% | 990 |
| 2019 | $2,157,929▼39.6% | $2,361,433▼25.4% | $3,284,187▼5.8% | $3,382,807▼13.1% | 990 |
| 2018 | $3,570,200▲48.0% | $3,167,488▲33.7% | $3,487,691▲13.1% | $3,891,359▲24.9% | 990 |
| 2017 | $2,411,945▲5.7% | $2,368,321▲0.1% | $3,084,979▲1.4% | $3,116,765▲0.9% | 990 |
| 2016 | $2,282,075▲10.4% | $2,366,799▲24.0% | $3,041,355▼2.7% | $3,089,311▼2.5% | 990 |
| 2015 | $2,066,843▼4.1% | $1,908,557▲2.4% | $3,126,079▲5.3% | $3,170,013▲5.8% | 990 |
| 2014 | $2,155,865▲1.4% | $1,864,708▼0.1% | $2,967,793▲10.9% | $2,997,482▲10.8% | 990 |
| 2013 | $2,126,361 | $1,867,031▼12.6% | $2,676,636▲10.7% | $2,705,897▲9.3% | 990 |
| 2012 | — | $2,135,710▲4.4% | $2,417,306▼3.6% | $2,474,602▼2.7% | 990 |
| 2011 | — | $2,046,408▲2.2% | $2,508,426▲3.9% | $2,543,919▼16.4% | 990 |
| 2010 | — | $2,002,709 | $2,413,951 | $3,044,274 | 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 Tri-county Economic Development Corporation a legitimate nonprofit?
- Yes. Tri-county Economic Development Corporation is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 61-1125577, based in Covington, Kentucky.
- What is Tri-county Economic Development Corporation's EIN?
- Tri-county Economic Development Corporation's Employer Identification Number (EIN) is 61-1125577.
- How much revenue does Tri-county Economic Development Corporation report?
- Tri-county Economic Development Corporation reported $5,521,200 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Tri-county Economic Development Corporation have?
- CharityIndex grades Tri-county Economic Development Corporation B, based on financial health (reserves and operating margin).
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Data for Tri-county Economic Development Corporation (EIN 61-1125577) 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.