UNIVERSITY OF KENTUCKY VARSITY LETTERMANS ASSOCIATION INC (EIN 237220532) - 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

1970

Legal Domicile

Principal Officer

CHARLES B BURNETT

Phone

8592665757

Tax Period

2019-09-01 to 2020-08-31

UNIVERSITY OF KENTUCKY VARSITY LETTERMANS ASSOCIATION INC, founded in 1970, is a small nonprofit in the Recreation & Sports sector that reported $162K in total revenue in fiscal year 2019. Revenue decreased 10% compared to the prior year.

Mission

AID AND ASSIST THE UNIVERSITY OF KENTUCKY IN RAISING FUNDS TO FURTHER THE EDUCATION, RELIGIOUS, CHARITABLE AND ATHLETIC PROGRAMS AT THE UNIVERSITY

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $162,078

Investment Income $0

Other Revenue $0

TOTAL REVENUE $162,078

Expense Breakdown

Grants Paid $8,450

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,031

Other Expenses $167,353

TOTAL EXPENSES $175,803

Year-over-Year Comparison

	2019	2018	Change
Revenue	$162,078	$179,918	-0.1%
Expenses	$175,803	$167,229	+0.1%
Net Income	$-13,725	$12,689	-2.1%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

$27,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD BURNETT	EXECUTIVE DIRECTOR	30.00	Director	$27,500	$0	$27,500
CHUCK ARNOLD	PRESIDENT	0.00	Officer	$0	$0	$0
JACK BROWN	PRESIDENT ELECT	0.00	Officer	$0	$0	$0
BRAD LITTLE	SECRETARY	0.00	Officer	$0	$0	$0
TODD SHADOWEN	TREASURER	0.00	Officer	$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
2020	$162,078	$175,803	$13,709	$-13,725
2019	$179,918	$167,229	$27,432	$12,689
2018	$162,485	$191,003	$14,743	$-28,518

UNIVERSITY OF KENTUCKY VARSITY LETTERMANS ASSOCIATION INC