BUSINESS & EDUCATION NETWORK INC

EIN: 311628472 501(c)(3) Community Improvement

LEXINGTON, KY

Total Revenue
$227,365
Total Expenses
$819,861
Total Assets
$11,015
Net Assets
$-13,720
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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
1998
Legal Domicile
KY
Principal Officer
TUCKER BALLINGER
Phone
8592261624
Tax Period
2024-01-01 to 2024-12-31

BUSINESS & EDUCATION NETWORK INC, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $227K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $820K exceeded revenue, resulting in a 261% operating deficit.

Mission

BEN WAS FORMED TO ASSIST IN ENSURING AN AVAILABLE SKILLED WORKFORCE FOR LEXINGTON THROUGH A COLLABORATIVE BUSINESS, EDUCATION, AND COMMUNITY PARTNERSHIP.

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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 (2024)

Revenue Breakdown

Contributions & Grants $205,775
Program Service Revenue $0
Investment Income $21,590
Other Revenue $0
TOTAL REVENUE $227,365

Expense Breakdown

Grants Paid $585,555
Salaries & Benefits $191,668
Fundraising Expenses $0
Program Expenses $586,248
Other Expenses $42,638
TOTAL EXPENSES $819,861

Year-over-Year Comparison

2024 2023 Change
Revenue $227,365 $198,164 +0.1%
Expenses $819,861 $347,667 +1.4%
Net Income $-592,496 $-149,503 +3.0%
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

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Governance

Voting Members
14
Independent Members
13
Employees
N/A
Volunteers
14

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
3
$129,112
Total Directors
14
$466,555
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TUCKER BALLINGER OFFICER 1.00
Officer Director
$0 $0 $0
MARK MANUEL OFFICER 1.00
Director
$0 $0 $0
ERIC SAUVAGE BOARD MEMBER 1.00
Director
$0 $0 $0
DARYL SMITH OFFICER 1.00
Officer Director
$0 $0 $0
MARY ANN VIMONT OFFICER 1.00
Director
$0 $0 $0
ELISA BRUCE COOLEY BOARD MEMBER 1.00
Director
$0 $0 $0
GINA GREATHOUSE BOARD MEMBER 1.00
Director
$0 $16,110 $182,173
LYNETTE WALKER OFFICER 1.00
Director
$0 $0 $0
ROBERT QUICK BOARD MEMBER 1.00
Director
$0 $31,613 $284,382
TODD JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID KIDD BOARD MEMBER 1.00
Director
$0 $0 $0
GWEN RILEY BOARD MEMBER 1.00
Director
$0 $0 $0
TODD ZIEGLER BOARD MEMBER 1.00
Director
$0 $0 $0
CARRIE ROGERS BOARD MEMBER 1.00
Director
$0 $0 $0
HELEN E DEXTER EXECUTIVE DIRECTOR 40.00
Officer
$0 $13,485 $129,112
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 $227,365 $819,861 $11,015 $-592,496
2023 $198,164 $347,667 $602,685 $-149,503
2022 $231,305 $285,263 $768,393 $-53,958
2021 $200,156 $182,032 $811,456 $18,124
2020 $192,317 $267,219 $785,441 $-74,902
2019 $220,285 $252,047 $856,073 $-31,762
2018 $387,826 $301,001 $882,804 $86,825
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