NAMI Lexington KY Inc (EIN 311154645) - 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

1985

Legal Domicile

Principal Officer

Phill Gunning

Phone

8592727891

Tax Period

2023-01-01 to 2023-12-31

NAMI Lexington KY Inc, founded in 1985, is a small nonprofit in the Mental Health sector that reported $994K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $935K left a modest 6% surplus.

Mission

TO ASSIST FAMILIES, CAREGIVERS AND INDIVIDUALS WHOSE LIFE EXPERIENCE INCLUDES LIVING WITH A PERSISTENT MENTAL ILLNESS. TO HELP THEM ACQUIRE AND USE AVAILABLE SUPPORTS AND SKILLS NECESSARY TO MANAGE THEIR SYMPTOMS AND RETURN TO THE COMMUNITY AND FIND SUCCESS, HOPE AND MEANING IN THE ROLE AND ENVIRONMENT OF THEIR CHOICE

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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 $105,139

Program Service Revenue $856,707

Investment Income $109

Other Revenue $32,024

TOTAL REVENUE $993,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $599,230

Fundraising Expenses $27,427

Program Expenses $846,374

Other Expenses $335,921

TOTAL EXPENSES $935,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$993,979	$1,117,759	-0.1%
Expenses	$935,151	$915,653	+0.0%
Net Income	$58,828	$202,106	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sheila Albright	Director	1.00	Director	$0	$0	$0
Cindy Faulkner	President	1.00	Officer Director	$0	$0	$0
Jessica Heavrin	Treasurer	1.00	Officer Director	$0	$0	$0
Frances Howard	Vice President	1.00	Officer Director	$0	$0	$0
Fareesh Kanga	Director	1.00	Director	$0	$0	$0
Ila Patel	Director	1.00	Director	$0	$0	$0
Leslie Reed	Secretary	1.00	Officer Director	$0	$0	$0
Dr Michelle Wells	Director	1.00	Director	$0	$0	$0
Dr Julie Perry	Director	1.00	Director	$0	$0	$0
John Landon JD	Director	1.00	Director	$0	$0	$0
Steve Stone APSS	Director	1.00	Director	$0	$0	$0
Jennifer Giles APSS	Director	1.00	Director	$0	$0	$0
Phill Gunning	Executive Director	40.00		$0	$0	$0
Kelly Gunning	Director of Advocacy	40.00		$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	$993,979	$935,151	$393,018	$58,828
2022	$1,117,759	$915,653	$341,986	$202,106
2021	$741,922	$773,183	$236,348	$-31,261
2020	$706,766	$707,788	$264,908	$-1,022
2019	$794,232	$797,478	$178,943	$-3,246
2018	$797,494	$749,646	$174,297	$47,848

NAMI Lexington KY Inc