KENTUCKIANAWORKS FOUNDATION INC (EIN 371508088) - 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

2005

Legal Domicile

Principal Officer

MICHAEL GRITTON

Phone

5025743145

Tax Period

2022-07-01 to 2023-06-30

KENTUCKIANAWORKS FOUNDATION INC, founded in 2005, is a small nonprofit in the Education sector that reported $169K in total revenue in fiscal year 2022. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $288K exceeded revenue, resulting in a 70% operating deficit.

Mission

ADMINISTERS FEDERAL GRANTS AND PRIVATE CONTRIBUTIONS FOR WORKFORCE DEVELOPMENT, EDUCATIONAL ASSISTANCE AND OTHER RELATED PROGRAMS FOR THE GREATER LOUISVILLE REGION CONSISTING OF JEFFERSON, BULLITT, HENRY, OLDHAM, SPENCER, SHELBY AND TRIMBLE COUNTIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $169,001

Program Service Revenue $0

Investment Income $30

Other Revenue $0

TOTAL REVENUE $169,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $145,459

Other Expenses $287,903

TOTAL EXPENSES $287,903

Year-over-Year Comparison

	2022	2021	Change
Revenue	$169,031	$1,762,717	-0.9%
Expenses	$287,903	$1,261,705	-0.8%
Net Income	$-118,872	$501,012	-1.2%

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

Governance

Voting Members

N/A

Independent Members

N/A

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

$131,036

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY GEORGES	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL GRITTON	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$131,036
DANA MOORER	CHIEF FINANCIAL AND ADMIN	5.00	Officer	$0	$0	$0
CINDY READ	DEPUTY DIRECTOR	5.00	Officer	$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
2023	$169,031	$287,903	$3,019,019	$-118,872
2022	$1,762,717	$1,261,705	$3,597,898	$501,012
2021	$2,728,895	$3,332,520	$3,144,791	$-603,625
2020	$3,764,063	$2,228,648	$2,622,676	$1,535,415
2019	$2,468,934	$2,534,616	$1,384,041	$-65,682

KENTUCKIANAWORKS FOUNDATION INC