SPECIALIZED ALTERNATIVES FOR FAMILIES & YOUTH OF KENTUCKY INC (EIN 261641642) - 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

2008

Legal Domicile

Principal Officer

WILLIAM MATT

Phone

8599712585

Tax Period

2024-01-01 to 2024-12-31

SPECIALIZED ALTERNATIVES FOR FAMILIES & YOUTH OF KENTUCKY INC, founded in 2008, is a mid-sized nonprofit in the Human Services sector that reported $13.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $12.4M left a modest 4% surplus.

Mission

TO CREATE THRIVING FAMILIES AND COMMUNITIES WHERE EVERY INDIVIDUAL CAN REACH THEIR FULL POTENTIAL.

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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 $943,082

Program Service Revenue $12,035,138

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,978,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,082,639

Fundraising Expenses $0

Program Expenses $10,825,221

Other Expenses $8,355,152

TOTAL EXPENSES $12,437,791

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,978,220	$11,969,105	+0.1%
Expenses	$12,437,791	$11,744,715	+0.1%
Net Income	$540,429	$224,390	+1.4%

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

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

$1,248,801

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MATT	PRESIDENT &	1.00	Officer	$0	$46,635	$422,881
NATHAN LEONHARD	TREASURER	1.00	Officer	$0	$44,690	$306,694
TONYA BROOKS-THOMAS	VICE PRESIDE	1.00	Officer	$0	$8,282	$194,816
AMANDA DONNELLY	SECRETARY	1.00	Officer	$0	$12,373	$162,635
JANET HODGE	KY EXEC DIRE	40.00	Officer	$151,460	$10,315	$161,775
NICHOLE GILKEY	TREATMENT DI	40.00	Highest	$101,912	$11,655	$113,567
CHARMAINE BRITTAIN	VICE-CHAIR	0.20	Officer Director	$0	$0	$0
JEFFREY A CRAWFORD	DIRECTOR	0.20	Director	$0	$0	$0
ELISABETH B EVENSEN	DIRECTOR	0.20	Director	$0	$0	$0
ANTHONY GRAY	DIRECTOR	0.20	Director	$0	$0	$0
GLORIA HALLOWAY	DIRECTOR	0.20	Director	$0	$0	$0
RICARDO PERRY	DIRECTOR	0.20	Director	$0	$0	$0
JAMES J POZY	CHAIR	0.20	Officer Director	$0	$0	$0
FRANCISCO TORRES	DIRECTOR	0.20	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	$12,978,220	$12,437,791	$1,857,350	$540,429
2023	$11,969,105	$11,744,715	$1,201,834	$224,390
2022	$11,597,703	$12,271,634	$1,380,604	$-673,931
2021	$14,842,351	$14,727,858	$1,516,940	$114,493
2020	$14,029,285	$14,202,899	$1,559,916	$-173,614
2019	$11,989,954	$12,056,611	$1,586,992	$-66,657
2018	$11,436,209	$11,735,140	$1,690,971	$-298,931

SPECIALIZED ALTERNATIVES FOR FAMILIES & YOUTH OF KENTUCKY INC