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Kentucky River Area Development District Inc

EIN 61-0675786 · Hazard, KY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak47 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

KRADD SERVES AS A REGIONAL FORUM NETWORKING WITH APPROPRIATE GROUPS TO IMPROVE THE QUALITY OF LIFE FOR THE CITIZENS OF THE REGION.

Income
$25.7 million
Spending
$23.6 million
Spent on programs
96%
Reserves
-0.6 months of spending
Largest source of income
fees for its services, 84%
Employees
117
Volunteers
0
Highest pay
$102,931, executive director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 47 out of 100.

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 94% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 8% of income.

  • Income trend

    15 of 15

    Income rose 26% on the year before.

  • Spending floor

    15 of 15

    96% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100.

  • Independent board

    25 of 25

    38 of 38 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $3.3 million spent. OUR AGING PROGRAMS PROVIDE MANY TYPES OF ACTIVITIES AND SERVICES TO THE ELDERLY POPULATION OF THE KENTUCKY RIVER REGION. SOME OF THE SERVICES PROVIDED ARE HOMECARE SERVICES, INCLUDING HOME DELIVERED MEALS, SENIOR CENTER ACTIVITIES, INCLUDING CONGREGATE MEALS, NUTRITION, HEALTH EDUCATION, ADULT DAY CARE, HEALTH INSURANCE ASSISTANCE, AND OMBUDSMAN.
  2. $18.1 million spent. PARTICIPANT DIRECTED SERVICES (PDS) IS A PROGRAM THAT ALLOWS MEDICAID CLIENTS TO HAVE MORE CONTROL OVER THEIR IN-HOME SERVICES. PDS MEDICAID RECIPIENTS CAN CHOOSE THEIR OWN EMPLOYEES, HOME MAKING, AND PERSONAL CARE. IT IS KRADD'S DUTY TO DESIGN A PLAN OF CARE, MAKE SURE SERVICES ARE BEING PROVIDED, AND PAY MEDICAID RECIPIENT'S EMPLOYEES.
  3. $471,253 spent. JOINT FUNDING ADMINISTRATION (JFA) IS A PROGRAM THAT FUNDS ECONOMIC DEVELOPMENT. KRADD ADMINISTERS VARIOUS PROJECTS/GRANTS THROUGHOUT THE REGION TO FUND INFRASTRUCTURE, CONSTRUCTION, AND MAINTENANCE.
  4. $751,358 spent. OTHER PROGRAMS

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1989.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.