KENTUCKY ASSOCIATION OF MASTER CONTRACTORS INC (EIN 237042754) - 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

1933

Legal Domicile

Principal Officer

RON FAULKNER

Phone

5023522575

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY ASSOCIATION OF MASTER CONTRACTORS INC, founded in 1933, is a small nonprofit that reported $352K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

TO PROMOTE THE PLUMBING AND HEATING INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $235,469

Investment Income $21,009

Other Revenue $95,396

TOTAL REVENUE $351,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,997

Fundraising Expenses $0

Program Expenses $154,349

Other Expenses $249,219

TOTAL EXPENSES $380,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,874	$429,562	-0.2%
Expenses	$380,216	$434,829	-0.1%
Net Income	$-28,342	$-5,267	+4.4%

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

453

Independent Members

453

Employees

Volunteers

N/A

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN THARPE	DIRECTOR	1.00	Director	$0	$0	$0
JIM MCBEE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN STRONG	MEMBER AT LA	1.00	Officer	$0	$0	$0
BILL WOODARD	DIRECTOR	1.00	Director	$0	$0	$0
RON FAULKNER	EXECUTIVE DI	40.00	Officer	$70,000	$0	$70,000
JERRY PRICE	SECRETARY/TR	1.00	Officer	$0	$0	$0
CHARLIE PRATHER	DIRECTOR	1.00	Director	$0	$0	$0
JENNY QUINLAN	VICE PRESIDE	1.00	Officer	$0	$0	$0
RANDY VANHOOK	PRESIDENT	1.00	Officer	$0	$0	$0
DOUG MINIX	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND KILBY	DIRECTOR	1.00	Director	$0	$0	$0
JULIE AMBURGEY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TEASLEY	DIRECTOR	1.00	Director	$0	$0	$0
BOYCE ELZA	DIRECTOR	1.00	Director	$0	$0	$0
DEREK BOSCHERT	DIRECTOR	1.00	Director	$0	$0	$0
KYLE STACKHOUSE	INDUSTRY LIA	1.00	Director	$0	$0	$0
ANGIE CAUDILL	ALLIANCE PRE	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$351,874	$380,216	$604,248	$-28,342
2022	$429,562	$434,829	$631,842	$-5,267
2021	$386,321	$424,358	$711,678	$-38,037
2020	$341,957	$363,063	$461,193	$-21,106
2019	$444,757	$425,133	$484,256	$19,624
2018	$390,749	$348,453	$482,005	$42,296

KENTUCKY ASSOCIATION OF MASTER CONTRACTORS INC