KENTUCKY BAPTIST ASSEMBLIES INC

EIN: 311537445 501(c)(3) Religion

LOUISVILLE, KY

Total Revenue
$10,282,629
Total Expenses
$8,012,223
Total Assets
$25,302,990
Net Assets
$21,752,410
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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
KY
Principal Officer
LANCE HOWERTON
Phone
5024917000
Tax Period
2023-01-01 to 2023-12-31

KENTUCKY BAPTIST ASSEMBLIES INC, founded in 1997, is a mid-sized nonprofit in the Religion sector that reported $10.3M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 22% operating margin.

Mission

TO CREATE EXPERIENCES TO PROCLAIM THE GOSPEL. TO PROVIDE FACILITIES AND SERVICES IN AN ENVIRONMENT CONDUCIVE FOR THE CONDUCT OF EVENTS FOCUSED ON EVANGELISM, WORSHIP, RELIGIOUS EDUCATION, AND CHRISTIAN FELLOWSHIP.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $694,563
Program Service Revenue $9,437,011
Investment Income $133,040
Other Revenue $18,015
TOTAL REVENUE $10,282,629

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,901,306
Fundraising Expenses $132,023
Program Expenses $6,591,135
Other Expenses $5,110,917
TOTAL EXPENSES $8,012,223

Year-over-Year Comparison

2023 2022 Change
Revenue $10,282,629 $8,447,014 +0.2%
Expenses $8,012,223 $6,589,443 +0.2%
Net Income $2,270,406 $1,857,571 +0.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
239
Volunteers
50

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
4
$216,025
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN LUCAS VICE-CHAIRMAN 1.00
Officer Director
$0 $0 $0
STEVE HUSSUNG BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER RINGSTAFF CHAIRMAN 1.00
Officer Director
$0 $0 $0
MATT BRIGGS BOARD MEMBER 1.00
Director
$0 $0 $0
JOE JAMES BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL COBB BOARD MEMBER 1.00
Director
$0 $0 $0
KRIS BILLITER BOARD MEMBER 1.00
Director
$0 $0 $0
LISA DUNN BOARD MEMBER 1.00
Director
$0 $0 $0
DAN FLANAGAN BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN JACKSON SECRETARY / TREASURER 1.00
Officer Director
$0 $0 $0
DAVID PARKER BOARD MEMBER 1.00
Director
$0 $0 $0
LANCE HOWERTON PRESIDENT / CEO 40.00
Officer
$135,799 $80,226 $216,025
DANIEL TALCOTT DIRECTOR OF BUSINESS MANAG 40.00
Highest
$117,648 $30,021 $147,669
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 $10,282,629 $8,012,223 $25,302,990 $2,270,406
2022 $8,447,014 $6,589,443 $23,484,929 $1,857,571
2021 $7,127,086 $4,474,005 $21,761,753 $2,653,081
2021 $1,024,651 $2,880,860 $21,332,360 $-1,856,209
2020 $6,904,170 $5,942,775 $22,645,880 $961,395
2019 $6,398,245 $5,518,163 $21,735,705 $880,082
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