Tri-county Economic Development
BUILD A WORLD-CLASS ECONOMY IN NORTHERN KENTUCKY THROUGH THE EXPANSION OF EXISTING BUSINESSES AND THE CREATION AND ATTRACTION OF HIGH QUALITY, PRIMARY INDUSTRY EMPLOYERS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$19.4M
-13.8% YoY
Annual Giving
$213K
+37.8% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$107K
+106.7% YoY
About Tri-county Economic Development
Based on IRS filings
Tri-county Economic Development is a nonprofit organization focused on Community and economic development, based in FT MITCHELL, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $19.4M in total assets. In 2024, it awarded 2 grants totaling $213K. Net investment income was $657K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $19,403,177 | $22,520,353 | $3,479,036 |
| Revenue | $3,868,470 | $3,967,048 | $3,157,156 |
| Expenses | $2,730,865 | $2,368,189 | $2,381,999 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $656,623 | $132,960 | $326,806 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Redi Cincinnati ($200,000), Northern Kentucky Regional Alliance ($13,333).
| Recipient | Purpose | Amount |
|---|---|---|
| REDI CINCINNATI CINCINNATI, OH | BUSINESS DEVELOPMENT | $200,000 |
| NORTHERN KENTUCKY REGIONAL ALLIANCE COVINGTON, KY | BUSINESS DEVELOPMENT | $13,333 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT A HEIL | DIRECTOR | 1 | — |
| GARY MOORE | DIRECTOR | 1 | — |
| STEVE PENDERY | DIRECTOR | 1 | — |
| KRIS KNOCHELMANN | DIRECTOR | 1 | — |
| JAMES DRESSMAN | CHAIRMAN | 1 | — |
| RHONDA WHITAKER | DIRECTOR | 1 | — |
| JAMES PARSONS | DIRECTOR | 1 | — |
| CADY SHORT-THOMPSON | DIRECTOR | 1 | — |
| FERNANDO FIGUEROA | DIRECTOR | 1 | — |
| KIMM LAUTERBACH | DIRECTOR | 1 | — |
| GARREN COLVIN | DIRECTOR | 1 | — |
| JOSEPH MEYER | DIRECTOR | 1 | — |
| NORMAND DESMARAIS | SECRETARY | 1 | — |
| ADRIAN HOTHEM | DIRECTOR | 1 | — |
| BEN BRANDSTETTER | TREASURER | 1 | — |
| CAREY SANDERS | VICE CHAIR | 1 | — |
| TARA HALPIN | DIRECTOR | 1 | — |
| JIM HENNING | DIRECTOR | 1 | — |
| JOHN MOCKER | DIRECTOR | 1 | — |
| JOSEPH CHILLO | DIRECTOR | 1 | — |
| RICHARD ELWELL | DIRECTOR | 1 | — |
| LEE A CRUME | PRESIDENT | 29 | $328,468 |
| KIMBERLY ROSSETTI | VICE PRESIDENT OF ECONOMIC | 34 | $141,665 |
| CHRISTINE RUSSELL | VICE PRESIDENT OF STRATEGY | 6 | $173,249 |
| ANGELA MULBERRY | EMPLOYEE | 40 | $108,652 |
| CHERY BESL | EMPLOYEE | 28 | $118,115 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Tri-county Economic Development?
Tri-county Economic Development is a nonprofit organization focused on Community and economic development, based in FT MITCHELL, KY. It holds $19.4M in total assets as of 2024.
How large is Tri-county Economic Development?
As of 2024, Tri-county Economic Development holds $19.4M in total assets with $3.9M in annual revenue. It awarded 2 grants totaling $213K in 2024.
Where does Tri-county Economic Development operate?
Tri-county Economic Development has awarded grants in Kentucky, Ohio.
What size grants does Tri-county Economic Development award?
In 2024, Tri-county Economic Development awarded 2 grants totaling $213K — an average of about $107K per grant, based on its IRS Form 990 filings.
What is Tri-county Economic Development's EIN?
Tri-county Economic Development's EIN (Employer Identification Number) is 61-1125577. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Tri-county Economic Development's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.