SHELBY COUNTY ASSOCIATED INDUSTRIES

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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

2013

Legal Domicile

Phone

5026335068

Tax Period

2021-07-01 to 2022-06-30

SHELBY COUNTY ASSOCIATED INDUSTRIES, founded in 2013, is a small nonprofit in the Employment sector that reported $142K in total revenue in fiscal year 2021. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $124K left a modest 13% surplus.

Mission

TO PROVIDE TRAINING OPPORTUNITIES TO INCUMBENT WORKERS DISLOCATED WORKERS AND HELP TO BUILD A PIPELINE OF SKILLED WORKRS FOR OUR FUTURE WORKFORCE NEEDS

Program Service Accomplishments

Program 1

Expenses: $112,428 Revenue: $91,651

pROVIDED TRAINING OPPORTUNITIES FOR INCUMBENT WORKERS FOR APPROXIMATELY 35 LOCAL INDUSTRIES THERE WERE APPROXIMATELY 98 TRAINED IN THIS FISCAL YEAR SOME OF THESE TOOK MORE THAN ONE CLASS BUT WAS ONLY...

Program 2

Expenses: $11,400 Revenue: $10,900

COLLECTED TORNADO RELEIF FUNDS FOR KENTUCKY TORNADO VICTUMS ALL FUNDS PAID DIRECTLY TO THEIR COMMUNITY RELIEF FUND

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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 (2021)

Revenue Breakdown

Contributions & Grants $104,596

Program Service Revenue $37,525

Investment Income $0

Other Revenue $0

TOTAL REVENUE $142,121

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,828

Other Expenses $121,828

TOTAL EXPENSES $123,828

Year-over-Year Comparison

	2021	2020	Change
Revenue	$142,121	$89,667	+0.6%
Expenses	$123,828	$69,637	+0.8%
Net Income	$18,293	$20,030	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Reportable Comp	Other Comp	Total
LIBBY ADAMS	AGENT	10.00	$0	$0	$0
RAY LEATHERS	CHAIRMAN	N/A	$0	$0	$0
STEVE MEADOR	MEMBER	N/A	$0	$0	$0
BRIAN DESILETS	MEMBER	N/A	$0	$0	$0
MICHAEL HESKETH	MEMBER	N/A	$0	$0	$0
FRED RUDDY	MEMBER	N/A	$0	$0	$0
CHARLIE ANN CLABAUGH	TRAINING COORDINATOR AND ADMIN ASSI	10.00	$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
2022	$142,121	$123,828	$136,733	$18,293
2021	$89,667	$69,637	$105,542	$20,030