NORTHERN KENTUCKY REGIONAL ALLIANC… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

KAREN FINAN

Phone

8592912020

Tax Period

2023-01-01 to 2023-12-31

NORTHERN KENTUCKY REGIONAL ALLIANCE INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $713K in total revenue in fiscal year 2023. The organization ran a surplus of $115K, a strong 16% operating margin.

Mission

OUR MISSION IS TO TRANSFORM NORTHERN KENTUCKY BY UNITING AND MOBILIZING COMMUNITY LEADERS AROUND INITIATIVES THAT PRODUCE TANGIBLE, MEASUREABLE RESULTS.

Program Service Accomplishments

Program 1

Expenses: $367,367

WE WILL IDENTIFY AND IMPLEMENT PROJECTS IMPORTANT TO NORTHERN KENTUCKY'S CONTINUED GROWTH THAT ARE REFLECTIVE OF, BUT NOT EXCLUSIVE TO, THE MYNKY PLAN WITH A FOCUS ON HEALTH, EDUCATION, JOB GROWTH...

WE WILL IDENTIFY AND IMPLEMENT PROJECTS IMPORTANT TO NORTHERN KENTUCKY'S CONTINUED GROWTH THAT ARE REFLECTIVE OF, BUT NOT EXCLUSIVE TO, THE MYNKY PLAN WITH A FOCUS ON HEALTH, EDUCATION, JOB GROWTH AND COMMUNITY VIBRANCY. THE REGIONAL ALLIANCE IS A SHIFT TOWARD STRATEGIC LEADERSHIP AND IMPACT VS. TACTICAL MANAGEMENT AND IMPLEMENTATION OF PROGRAMS.

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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 $712,670

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $712,670

Expense Breakdown

Grants Paid $44,778

Salaries & Benefits $400,906

Fundraising Expenses $82,776

Program Expenses $367,367

Other Expenses $152,217

TOTAL EXPENSES $597,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$712,670	$708,715	+0.0%
Expenses	$597,901	$514,611	+0.2%
Net Income	$114,769	$194,104	-0.4%

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

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

$230,373

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM P BUTLER	CO VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN CANAFAX	DIRECTOR	1.00	Director	$0	$0	$0
GARREN COLVIN	PAST CHAIR	1.00	Officer Director	$0	$0	$0
DAVID DREES	DIRECTOR	1.00	Director	$0	$0	$0
BERNIE MCKAY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT A HEIL	BOARD CHAIR	1.00	Director	$0	$0	$0
PAUL HEMMER JR	DIRECTOR	1.00	Director	$0	$0	$0
WARREN WEBER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW RANDAZZO	DIRECTOR	1.00	Director	$0	$0	$0
CANDACE MCGRAW	SECRETARY	1.00	Officer Director	$0	$0	$0
BILLY SANTOS	DIRECTOR	1.00	Director	$0	$0	$0
MATT SMITH	DIRECTOR	1.00	Director	$0	$0	$0
AMY SPILLER	DIRECTOR	1.00	Director	$0	$0	$0
KATE SCHRODER	DIRECTOR	1.00	Director	$0	$0	$0
GREG FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
JIM UEBEL	DIRECTOR	1.00	Director	$0	$0	$0
CHAD SUMME	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SPAULDING	DIRECTOR	1.00	Director	$0	$0	$0
SYLVIA BUXTON	DIRECTOR	1.00	Director	$0	$0	$0
DRJOSEPH CHILLO	DIRECTOR	1.00	Director	$0	$0	$0
CADY SHORT-THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN CARLISLE	DIRECTOR	1.00	Director	$0	$0	$0
ADAM DAVEY	DIRECTOR	1.00	Director	$0	$0	$0
PHILIPPE GARNIER	DIRECTOR	1.00	Director	$0	$0	$0
MOIRA WEIR	DIRECTOR	1.00	Director	$0	$0	$0
KAREN FINAN	PRESIDENT AND CEO	40.00	Officer	$230,373	$0	$230,373

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	$712,670	$597,901	$877,504	$114,769
2022	$708,715	$514,611	$757,536	$194,104
2021	$533,385	$576,061	$563,023	$-42,676
2020	$468,400	$454,196	$655,730	$14,204
2019	$682,053	$675,105	$629,685	$6,948
2018	$337,628	$509,899	$602,168	$-172,271

NORTHERN KENTUCKY REGIONAL ALLIANCE INC