KENTUCKY GROUP SELF-INSURANCE GUARANTY FUND (EIN 311510071) - 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

1997

Legal Domicile

Principal Officer

DAVID WITTE

Phone

5024157865

Tax Period

2024-07-01 to 2025-06-30

KENTUCKY GROUP SELF-INSURANCE GUARANTY FUND, founded in 1997, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 19% operating deficit.

Mission

MEETING OBLIGATIONS OF INSOLVENT MEMBERS OF SELF-INSURANCE GROUPS OR ASSOCIATIONS.

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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 $0

Program Service Revenue $1,080,847

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,080,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,283,621

TOTAL EXPENSES $1,283,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,080,847	$1,178,611	-0.1%
Expenses	$1,283,621	$1,277,982	+0.0%
Net Income	$-202,774	$-99,371	+1.0%

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

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
MARY CARNEY	TRUSTEE	0.10	Director	$0	$0	$0
DAVID WITTE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
WES VANCE	SECRETARY/TREASURER	1.00	Officer 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
2025	$1,080,847	$1,283,621	$1,694,741	$-202,774
2024	No data	No data	No data	No data
2023	$2,057,941	$1,173,478	$1,847,377	$884,463
2022	$13,417	$96,665	$962,913	$-83,248
2021	$15,121	$31,532	$1,077,247	$-16,411
2020	$21,802	$24,312	$1,106,313	$-2,510
2019	$15,823	$9,250	$1,090,373	$6,573

KENTUCKY GROUP SELF-INSURANCE GUARANTY FUND