KENTUCKY COBRAS INC (EIN 301032352) - 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

2018

Legal Domicile

Principal Officer

TY SIMPSON

Phone

8592616800

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY COBRAS INC, founded in 2018, is a small nonprofit in the Recreation & Sports sector that reported $587K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION RAISES FUNDS TO SUPPORT COMMUNITY IMPACT PROGRAMS THAT FURTHER ITS MISSION TO EDUCATE, INSPIRE AND ENCOURAGE CHILDREN AND YOUNG ADULTS THROUGHOUT THE COMMONWEALTH OF KENTUCKY PRIMARILY THROUGH TRAINING AND TEAM COMPETITION IN THE SPORT OF BASKETBALL.

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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 $583,926

Investment Income $0

Other Revenue $3,346

TOTAL REVENUE $587,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,925

Fundraising Expenses $10,731

Program Expenses $536,848

Other Expenses $556,682

TOTAL EXPENSES $599,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$587,272	$473,923	+0.2%
Expenses	$599,607	$462,847	+0.3%
Net Income	$-12,335	$11,076	-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

Independent Members

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

$42,925

Total Directors

$42,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TY SIMPSON	PRESIDENT	40.00	Officer Director	$42,925	$0	$42,925
CHRIS CLEMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK KINNEY	BOARD MEMBER	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
2023	$587,272	$599,607	$36,715	$-12,335
2022	$473,923	$462,847	$34,467	$11,076
2021	$450,667	$449,286	$27,896	$1,381

KENTUCKY COBRAS INC