KENTUCKY FARM BUREAU HEALTH BENEFITS TRUST (EIN 202034596) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

JENA STONE

Phone

5024955000

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY FARM BUREAU HEALTH BENEFITS TRUST, founded in 2004, is a community nonprofit in the Mutual Benefit sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 323% from the prior year, signaling strong growth momentum. Expenses of $4.4M exceeded revenue, resulting in a 119% operating deficit.

Mission

FUND RETIREE MEDICAL BENEFITS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $771,895

Investment Income $1,252,720

Other Revenue $0

TOTAL REVENUE $2,024,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,937

Fundraising Expenses $0

Other Expenses $647,068

TOTAL EXPENSES $4,434,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,024,615	$478,717	+3.2%
Expenses	$4,434,204	$4,664,559	0.0%
Net Income	$-2,409,589	$-4,185,842	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SPARROW	EXECUTIVE VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
JENA STONE	VP, ACCOUNTING/TREASURER	0.10	Officer Director	$0	$0	$0
ANGIE PHELPS-SELLS	DIRECTOR, HUMAN RESOURCES	0.10	Director	$0	$0	$0
NICKI WHITMIRE	VP, HR & SUPPORT SERVICES	0.10	Director	$0	$0	$0
AMANDA ZORIO	COMPENSATION & BENEFITS	0.10	Director	$0	$0	$0
N/A	TRUSTEE	5.00		$31,937	$0	$31,937

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$2,024,615	$4,434,204	$118,345,204	$-2,409,589
2023	$478,717	$4,664,559	$119,057,666	$-4,185,842
2022	$1,971,101	$3,385,960	$112,930,207	$-1,414,859
2021	$6,274,229	$3,459,359	$130,957,113	$2,814,870
2020	$5,509,165	$3,492,458	$128,409,420	$2,016,707
2019	$11,556,487	$3,239,524	$121,424,388	$8,316,963
2018	$12,754,736	$4,051,516	$106,013,378	$8,703,220

KENTUCKY FARM BUREAU HEALTH BENEFITS TRUST